The Denver rent apartment market has experienced significant shifts in recent months, driven by a combination of factors such as increased housing supply and economic changes. As of 2025, the market is stabilizing, with rental prices showing a slight year-over-year decrease. This article will explore the current trends in the Denver apartment rentals market and provide insights into what potential renters can expect.
Current Trends in Denver Apartment Rentals
Denver's rental market has seen a notable decline in prices, with the overall median rent decreasing by about 5.7% compared to the previous year. This trend is largely attributed to an increase in available housing units, particularly in areas like RiNo, Union Station, and the Highlands, where developers have been actively building new apartments. Additionally, slower population growth and higher interest rates have impacted the demand for rental properties, leading to a more competitive landscape for landlords.
Denver Apartment Rental Market Dynamics
The introduction of a large number of new apartment units in 2024 led to a temporary oversupply, which contributed to downward pressure on rents. However, with fewer new developments planned for 2025 and 2026, the market is expected to stabilize, potentially allowing for rental growth to return. The demand for apartments remains strong, with net absorption exceeding expectations, indicating that while supply has outpaced demand temporarily, the underlying demand for rental housing in Denver remains robust.
Apartment Rentals Denver: A Competitive Market
Denver continues to be a high-cost city compared to other parts of Colorado and the U.S., but it remains competitive with other rising metros. The average rent for apartment rentals in Denver is currently higher than the national average, though only by a small margin. As of July 2025, the average rent in Denver is $1,672 per month, with one-bedroom apartments averaging around $1,672 and two-bedroom units at about $2,181.
Rent Apartment Denver: Market Outlook
The rental market in Denver is dynamic, with factors like the tech and healthcare sectors driving sustained demand for rental properties. While there have been recent price cuts, Denver remains a desirable destination for renters, benefiting from its vibrant cultural scene and strategic location. The city's rental landscape is bustling with activity, with a strong focus on single-family home rentals, which have seen notable increases in recent months.
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