Denver Apartment Rents Hit 4-Year Low copertina

Denver Apartment Rents Hit 4-Year Low

Denver Apartment Rents Hit 4-Year Low

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Denvers rental market sees a four-year low, with average rents matching the 2022 Q1 price of $1,758. This is due to a surge in new units, with over 70,000 built in the past five years, increasing the supply by 18%. Denver joins cities like Austin and Phoenix in seeing rent dips, ranking third nationally for a 7.3% drop last year. Despite rents being 18% higher than 2020, the market reset indicates steady, affordable living ahead.

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