Rent in Denver fell steadily during 2020, thanks in large part to lower demand fueled by the COVID-19 pandemic; many renters in the city either purchased a home or moved to less crowded areas in an effort to enhance safety. But that trend has turned around in 2021.1 Oct 2021
Is there a rental shortage in Denver?
The city has a vacancy rate of just 3.8 percent, according to the University of Denver Daniels School of Business's recently released third-quarter Denver Metro Apartment Vacancy and Rent Report. Low vacancy rates mean harder times for people looking to find a new home, and it means landlords can charge more.26 Oct 2021
Are rents going down in Colorado?
The University of Denver has done a yearly report of rent and vacancies in Colorado cities for 35 years. Comparing the 2020 to 2021 first two quarters, the rent has gone up roughly $183.11, which experts say is the largest increase in the history of the report. “This is unprecedented. It's not even close.9 Sept 2021
Is rent going up in Denver?
Since pandemic closures swept the nation in March 2020, Denver's median one-bedroom rent has risen 11.8 percent, and two-bedrooms grew 14.3 percent. In 2021, those rates have climbed 20.7 percent — making Denver the sixteenth priciest rental market in the U.S.26 Oct 2021
How many vacant apartments are in Denver?
The Associations' Vacancy and Rent survey is conducted by the University of Denver's Daniels College of Business and the Colorado Economic Management Associations. It covers about 361,000 apartment homes in metro Denver, out of about 750,000.28 Jan 2021
How many vacant homes are in Denver?
There are about 19,452 unoccupied housing units in Denver as well as ones across the state.2 Apr 2020
How many apartment units are in Denver?
1.
-------
14.
15.
16.
more ..
Are apartments expensive in Colorado?
The state is now in the top 10 most expensive states in which to rent. According to the QuoteWizard analysis of apartment data, a single bedroom in Colorado costs an average $1,359 per month, sandwiched in between the average cost of a one-bedroom apartment in Virginia ($1,357) and Massachusetts ($1,399).9 Dec 2021
Is living in Denver expensive?
Denver is becoming a major city. Some stats say yes it's affordable (compared to metros like New York City), but rapidly increasing rental prices and fast-selling homes say otherwise. While living in Denver is much more affordable than living in places like Los Angeles, it's still relatively pricey.13 Jul 2020