Average Rent in Denver, CO: $2,089/mo

About Rent Prices in Denver, CO

Denver's rental market has grown significantly as the city attracts young professionals, outdoor enthusiasts, and remote workers. While rents have increased substantially over the past decade, Denver remains more affordable than coastal tech hubs while offering excellent quality of life.

The fair market rent (FMR) in Denver, CO represents the 40th percentile of gross rents for standard quality rental housing. This data is published annually by the U.S. Department of Housing and Urban Development (HUD) and is used for various housing programs including Section 8 vouchers. As of 2025, the median rent for a 2-bedroom apartment is $2,089 per month.

Rent by Apartment Size in Denver, CO

The Denver Rental Market

Denver's rental market is moderately competitive with good availability in newer developments. The city does not have rent control. Landlords require standard income verification (typically 2.5-3x rent) and credit checks. Many properties offer pet-friendly options and modern amenities.

Neighborhoods in Denver

LoDo, RiNo, and Cherry Creek are premium neighborhoods with high rents. Capitol Hill and Wash Park attract young professionals at moderate-high prices. Five Points and Highlands offer trendy living. More affordable options exist in Aurora, Lakewood, and Thornton. The suburbs provide family-friendly options with lower costs.

Renter's Guide to Denver

Consider altitude adjustment if you're new to Denver - it can affect your first few weeks. Air conditioning is increasingly important given summer heat. Covered parking protects against hail damage. Many buildings include fitness centers and outdoor spaces. Start searching 4-6 weeks out.

Cost of Living Considerations

Denver's cost of living is moderate by major city standards. Colorado has state income tax, but rates are moderate. Utilities are reasonable year-round. Car ownership is helpful but not always necessary in central neighborhoods with good transit. Outdoor recreation opportunities are largely free.

Rental Market Trends in Denver

Understanding recent trends helps renters time their apartment search effectively. The Denver, COrental market has been influenced by population migration patterns, remote work adoption, and local economic conditions. Seasonal variations typically show higher demand and prices in summer months when families prefer to move, while winter often brings more negotiating power for renters.

New apartment construction in Denver affects supply and pricing dynamics. Areas experiencing significant development may see rent stabilization or decreases as more units come to market, while established neighborhoods with limited new construction tend to see steady price appreciation. Monitoring vacancy rates provides insight into market tightness - rates below 5% typically indicate a competitive market favoring landlords.

What Affects Rent Prices in Denver?

• Location: Proximity to downtown, employment centers, and desirable neighborhoods significantly impacts rent. In Denver, location can create 30-50% price variations.
• Building Quality: Newer buildings with modern amenities command premium rents. Expect to pay 15-25% more for properties built within the last 5 years.
• Transportation: Access to public transit or major highways affects desirability and rent prices. Properties within walking distance of transit often command 10-20% premiums.
• Local Economy: Job market strength and major employer presence drive rental demand. Denver's primary employment sectors directly influence neighborhood pricing.
• Schools: Family-oriented renters pay premiums for quality school districts. Top-rated school zones can add 20-30% to comparable properties.
• Safety: Crime rates and neighborhood safety influence pricing significantly. Low-crime neighborhoods typically command meaningful premiums.
• Amenities: In-unit laundry, parking, pools, fitness centers, and other building amenities can add $100-300+ monthly to base rent.

Tips for Renting in Denver