Denver is considered one of the strongest rental markets in the entire country. That’s great news for people moving to Denver and apartments are where you want to live.
In the first-quarter of this year, the average monthly rental rate in a Denver apartment rose 3.9 percent from the first quarter of 2010. That is the biggest year-over-year increase in 10 years. The apartment vacancy rate is at 5.5 percent and is also at a 10-year low. The average price to rent an apartment in Denver was $858.97 in the first quarter according to the folks at https://mytowncryer.com/2011/05/31/denver-area-rental-rates-are-in-the-early-stages-of-rising-which-could-fuel-an-increase-in-home-buying-activity/.
Improvement in the local economy is expected to drive vacancy rates lower and rental prices higher. Even without a stronger economy, rents will rise because there is little construction to support the growing demand for new rentals in Denver.
How about you? Any luck finding Denver and apartments for rent? Comment below.
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