Denver, 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, Colorado rental market.
An apartment for rent in Denver, Colorado typically goes for $1,877 per month, while a single-family home for rent in Denver, Colorado has a monthly cost of around $1,291. Renter-occupied units make up 50% of the local housing market, while the rental vacancy rate in Denver, Colorado is at 4.4.
Average Apartment Rent in October 2021
Y-o-Y Change in Average
Average Single-Family Rent in October 2021
Compared to a year ago, Denver, Colorado apartments have recorded a 14.7% rent increase.
Denver, Colorado |Average apartment rent trend
Denver, Colorado| Average apartment rent
Denver, Colorado | Apartment rent ranges
At 41.67%, apartments priced $1,500 - $2,000 represent the bulk of Denver, Colorado rentals, while condos priced $700 - $1000 hold the lowest share of the market – 2%.
Denver, Colorado | Housing tenure**
Renters take up 50% of Denver, Colorado real estate, occupying a total of 151,119 units, while homeowners live in 150,382 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, Colorado | Renter-occupied housing units by no. of bedrooms**
There are 57,801 rentals in Denver, 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 2,068 units. Overall, the median number of rooms in Denver, Colorado homes for rent is 3.6.
Denver, Colorado |Renter-occupied units by age of householder**
Most condos for rent in Denver, 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 – 2%.
Denver, Colorado | Renter-occupied housing units by family type**
Denver, Colorado | Renter-occupied housing units by the presence of own children**
A total of 52,839 apartments for rent in Denver, Colorado, or 35% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 30,572 units. All in all, the median size of a renter-occupied household in Denver, Colorado is 2.11.
Denver, Colorado | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 45% of the rental market. In contrast, residents with less than a high school degree reside in 12% of the homes for rent in Denver, Colorado.
Denver, Colorado | Renter-occupied units by year structure built**
The highest share of Denver, Colorado apartment rentals, namely 18% or 27,243 units, were Built 1970 - 1979, followed by those Built 1939 or earlier (14%, 21,088 units), and the ones Built 1950 - 1959 (13%, 19,355 units).
Denver, Colorado | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Denver, Colorado renters (33%) moved in 2010 to 2014, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Denver, Colorado condos for rent is 2015.
Denver, Colorado | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of Denver, Colorado renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 17% have No vehicle available.
Denver, Colorado | Means of transportation to work of householders living in renter-occupied housing units**
Denver, Colorado |Geographical mobility in the past year for householders living in renter-occupied housing units**
Denver, 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, 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.
**Data sourced from U.S. Census Bureau; American Community Survey, 2019 American Community Survey 5-Year Estimates