Mar 23, 2026 - News
Denver's rent dip among nation's highest
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New data shows the Denver metro area recorded one of the steepest rent declines in the country over the past year.
State of play: The median rent in metro Denver was down nearly 5% this February from a year earlier, to $1,600 a month, according to data from Apartment List, a rental site.
- In Austin, it fell roughly 6% — leading all metros in the report.
Zoom in: Renters in Denver have a shot at capitalizing on major concessions as rental growth softens.
- A luxury apartment complex in Denver's Golden Triangle district recently awarded one tenant $50,000 and another free rent for a year in a sweepstakes.
State of play: A building boom across the South and Mountain West has cooled rents — but that relief could fade as new construction slows.
- Housing is unaffordable for many, and a new Harvard study finds a record number of renters are "cost-burdened," spending more than 30% of their income on rent and utilities.