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Rents down, vacancies up in report from Denver apartment association

By Joe Mueller, The Center Square
Published January 18, 2024 8:17am ET
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Rents down, vacancies up in report from Denver apartment association
This Monday, Jan. 8, 2017 photo shows a "For Rent" sign outside an apartment building in Sacramento, California. Lawmakers are considering a measure, sponsored by Assemblyman Richard Bloom, D-Santa Monica, that would allow California communities to expand rent control policies amid rising housing costs. | (AP Photo/Rich Pedroncelli)

(The Center Square) – Renters in Denver are paying less and have more apartments to choose from, according to data from the Apartment Association of Metro Denver.

Vacancy levels increased throughout the Denver metro area during the fourth quarter of 2023, up 0.4% to 5.8%. Average rents declined 1% during the quarter, averaging $1,870 a month, while median rent was at $1,785.

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Colorado Denver Housing News