Move over, Austin: Denver rents are falling at one of the fastest rates in the country

Published On Feb 1, 2025, 8:16 AM

Denver's rental market is currently seeing significant price reductions, with rents falling by approximately 5.9% over the past year. This is attributed to a surge in new construction that has outpaced demand, leading to increased competition among landlords. Incentives such as several weeks of free rent and additional perks like discounted parking are being offered to attract renters. While renters are benefiting, property prices for buyers, particularly for single-family homes, remain high, with a median price nearing $500,000 despite an increase in inventory.