Denver city, Colorado Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Denver city, Colorado rental market.
An apartment for rent in Denver city, Colorado typically goes for $1,674 per month, while a single-family home for rent in Denver city, Colorado has a monthly cost of around $1,140. Renter-occupied units make up 50% of the local housing market, while the rental vacancy rate in Denver city, Colorado is at 4.6.
Denver city, Colorado
Average Apartment Rent
Y-o-Y Change in Apartment Rent
Average Single Family Rent
Compared to a year ago, Denver city, Colorado apartments have recorded a 3.14% rent increase.
Denver city, Colorado |Median apartment rent trend
Denver city, Colorado| Average apartment rent by city
Denver city, Colorado | Apartment rent ranges
At 40.44%, apartments priced $1,000 - $1,500 represent the bulk of Denver city, Colorado rentals, while condos priced $700 - $1000 hold the lowest share of the market – 4.65%.
Denver city, Colorado | Housing tenure
Renters take up 50% of Denver city, Colorado real estate, occupying a total of 148,275 units, while homeowners live in 146,083 properties.
Median number of rooms of renter-occupied housing units
Renter Median household income
Average household size of renter occupied-housing units
Rental vacancy rate
Denver city, Colorado | Renter-occupied housing units by no. of bedrooms
There are 56,002 rentals in Denver city, Colorado with 1 bed making up the highest share of the market, at 38%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 2,195 units. Overall, the median number of rooms in Denver city, Colorado homes for rent is 3.6.
Denver city, Colorado |Renter-occupied units by age of householder
Most condos for rent in Denver city, Colorado are occupied by residents in the 25 - 34 years age group (38%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Denver city, Colorado | Renter-occupied housing units by family type
Denver city, Colorado | Renter-occupied housing units by the presence of own children
A total of 53,416 apartments for rent in Denver city, Colorado, or 36% of all rentals are family households. Additionally, 21% of rental homes include children under the age of 18 – that’s 31,701 units. All in all, the median size of a renter-occupied household in Denver city, Colorado is 2.16.
Denver city, Colorado | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 43% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in Denver city, Colorado.
Denver city, Colorado | Renter-occupied units by year structure built
The highest share of Denver city, Colorado apartment rentals, namely 19% or 27,839 units, were built 1970 - 1979, followed by those built 1939 or earlier (15%, 21,628 units), and the ones built 1950 - 1959 (13%, 19,519 units).
Denver city, Colorado | Renter-occupied units by year householder moved in
Median year renter moved into unit2014
Most Denver city, Colorado renters (46%) moved in 2010 to 2014, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Denver city, Colorado condos for rent is 2014.
Denver city, Colorado | Renter-occupied housing units by vehicles available
When it comes to transportation options, 47% of Denver city, Colorado renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 17% have no vehicle available.
Denver city, Colorado | Means of transportation to work of householders living in renter-occupied housing units
Denver city, Colorado |Geographical mobility in the past year for householders living in renter-occupies housing units
Denver city, Colorado | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Denver city, Colorado apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
Average single family rent calculated from point2homes.com data.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates