Average Rent in Denver, CO

Home  »  CO  »  Denver

Current Versus Historical Denver, CO Rents

Denver rentals average $1,255 for a studio rental to $3,100 for a 4-bedroom rental. The median price of all currently available listings is $2,000, or roughly $28 per square feet.
For the apartment units and housing in March 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $102 (7.71%) year-over-year from $1,318 to $1,420. 1-bedroom rentals prices have decreased by $0 (-0.02%) year-over-year from $1,611 to $1,611. 2-bedroom rentals prices have decreased by $243 (-10.53%) year-over-year from $2,306 to $2,063. 3-bedroom rentals prices have increased by $102 (3.57%) year-over-year from $2,848 to $2,950. 4-bedroom rentals prices have increased by $163 (5.58%) year-over-year from $2,927 to $3,090. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 1.91% this month. 1-bedroom rents have gone up by 1.85% this month. 2-bedroom rents have gone up by 2.16% this month. 3-bedroom rents have gone up by 1.81% this month. 4-bedroom rents have gone down by 0.22% this month.
Beds
Price / Sqft
Mar 2023 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $35 $1,420 $1,318 (7.71%) $975 (45.64%)
1 BR $32 $1,611 $1,611 (-0.02%) $1,322 (21.89%)
2 BR $27 $2,063 $2,306 (-10.53%) $1,927 (7.08%)
3 BR $23 $2,950 $2,848 (3.57%) $2,451 (20.37%)
4+ BR $20 $3,090 $2,927 (5.58%) $2,645 (16.82%)

Historical Rents in Denver, CO

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Denver

There are a total of 4 cities nearby Denver. The average rent in Denver is currently $1,850 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Longmont, CO, with an average rent of $1,595, is the most affordable city nearby. In contrast, the most expensive city near Denver, CO is Boulder, CO. Monthly rents here are on average $2,650 per month.

Let's compare Denver, CO's rent against other top cities nearby by bedroom size. Typically, rent for studios in Denver, CO is 4.38% more expensive than other cities nearby. One bedrooms are about 14.34% more expensive. Two bedrooms in Denver, CO are about 23.69% more expensive. Finally, rent for three bedrooms are about 22.12% more expensive. Want more information? Check out the top 4 cities near Denver, CO in the following chart.
City Studio 1 Bed 2 Bed All
Longmont, CO $1,020 $1,045 $1,595 $1,595
Lakewood, CO $1,300 $1,400 $1,650 $1,600
Aurora, CO $1,100 $1,324 $1,700 $2,100
Boulder, CO $1,385 $1,650 $2,998 $2,650

Top Neighborhoods Near Denver

There are a total of 1 neighborhoods in or near Denver. We've included all of these top 1 neighborhoods in or near Denver, CO in the following chart.

The average rent for these 1 neighborhoods in or near Denver, CO is currently around $2,470 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Denver's average rent, which is only $2,000. Out of all the neighborhoods in or near Denver, West Colfax has the most affordable average rent at $2,470 per month. Whereas, at $2,470 average rent per month, West Colfax is the most expensive neighborhood in or near Denver. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
West Colfax, Denver, CO $1,870 $2,317 $3,009 $2,470

Top Counties Near Denver

There are a total of 1 counties located by Denver, CO. Some of these counties include Jefferson, CO, Denver, CO, and Adams, CO. The average rent for rentals in these counties is $2,199. That's roughly around $23 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Jefferson, CO. It's average rent per month is $1,625. Vice versa, with an average rent of $2,973, Douglas, CO is the most expensive county by Denver, CO.

Typically, rent for studios in Denver, CO is 2.39% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Denver, CO is 12.26% more expensive than other counties nearby. Finally, rent for two bedrooms in Denver, CO is 7.52% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Jefferson, CO $1,195 $1,400 $1,650 $1,625
Denver, CO $1,255 $1,590 $2,195 $2,000
Adams, CO $1,374 $1,350 $1,649 $2,198
Arapahoe, CO $1,110 $1,324 $1,900 $2,200
Boulder, CO $1,343 $1,575 $2,160 $2,500
Douglas, CO N/A $1,390 $2,350 $2,973

Top Zipcodes Near Denver

There are a total of 5 zipcodes in or near Denver, CO. The average rent for all of these zipcodes is $1,650. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 80010, Aurora, CO at $1,585 per month. In comparison, the zipcode with the most expensive average rent of $2,410 per month is 80204, Denver, CO.

Studios in these zipcodes have an average rent of $1,225. That's at least $38 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Denver, CO is $1,568 per month. Or in other words, $31 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,350 per month. Which comes out to $27 per sqft. The following chart includes the top 5 zipcodes in Denver, CO. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
80204, Denver, CO $1,855 $2,244 $2,783 $2,410
80302, Boulder County, CO $1,450 $1,650 $3,000 $2,388
80203, Denver, CO $1,135 $1,568 $2,350 $1,650
80214, Lakewood, CO $1,225 $1,350 $1,663 $1,595
80010, Aurora, CO $1,093 $1,175 $1,585 $1,585

Frequently Asked Questions - Denver Average Rents

What is the average rent price in Denver, CO?
The average monthly rental price for Denver, CO apartments for rent is approximately $2,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Denver, CO rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Denver, CO.
How much is a studio apartment in Denver, CO?
The average monthly rental price for studio apartments is $1,255 and an average price per square feet of $35.21. There are a total of 45 studio apartment listings currently available for rent in Denver.
How much is a one bedroom apartment in Denver, CO?
The average monthly rental price for one bedroom apartments is $1,590 and an average price per square feet of $31.64. There are a total of 203 one bedroom apartment listings currently available for rent in Denver.
How much is a two bedroom apartment in Denver, CO?
The average monthly rental price for two bedroom apartments is $2,195 and an average price per square feet of $27.44. There are a total of 195 two bedroom apartment listings currently available for rent in Denver.
How have rent prices in Denver, CO changed this year?
Rent prices for rentals in Denver, CO can fluctuate yearly. Specifically, studio rental prices have changed by 0.08%, one bedroom rental prices have changed by 0.00%, two bedroom rental prices have changed by -0.11%, and three bedroom rental prices have changed by 0.04% year-over-year.
What is a reasonable rent price in Denver, CO?
A reasonable rent price in Denver, CO is around $1,600/month. You can search for these reasonably priced rental listings on RentHop.
Fair Housing and Equal Opportunity
Fair Housing and Equal Opportunity
© 2009 - 2023 RentHop.com™