Craigslist Houses For Rent In Denver Colorado (2024)

FAQs

Are rent prices going down in Denver? ›

Denver rents are flat month-over-month and down 0.8% year-over-year. The median rent in Denver rose by 0.2% over the course of June, and has now decreased by a total of 0.8% over the past 12 months. Denver's rent growth over the past year has is similar to both the state (-0.7%) and national averages (-0.7%).

The most expensive rental apartment listed on Zillow right now is a penthouse at The Coloradan with a price tag of $15,000 per month, a deal compared to the $19,500 it was listed for in November 2023. The apartment building is located at 1750 Wewatta St. in downtown Denver.

What is the average rent in Denver, CO? As of July 2024, the average rent in Denver, CO is $1,700 per month. For comparison, the national average rent price in the US is currently $1,534/month, which means Denver rent prices are 11% higher than the national average.

Denver, CO housing market

The median listing home price in Denver, CO was $600K in June 2024, trending down -4.6% year-over-year. The median listing home price per square foot was $391. The median home sold price was $693.3K.

The median salary in Denver, CO is $66,516, with 80% of salaries falling between $34,800 and $143,550. Salaries in Denver, CO are generally above the national average.

Zillow is predicting Denver metro home values will drop 1.3% this year, while Colorado Springs home values will be down 0.6%. Nationally, Zillow is calling for home values to remain flat. Realtor.com predicts Denver is in store for a larger 5.1% decline in prices and a 15.3% drop in sales from a weak 2023.

Denver Country Club

With a median home price of $2,949,082 and a median rent of $1,378, Denver Country Club is the most expensive neighborhood on our list. Based on the growth in home prices in Denver Country Club over the last 3 years, it ranks No. 1 among all the neighborhoods in Denver.

The number one thing you need to know: There are no specific rent increase laws in Denver. According to Colorado law, the rent increase amount is not capped so, in theory, you can increase rent as much as you'd like. Keep in mind that Denver landlords cannot increase rents more than once a year, though!

What is the cheapest month to move in Denver? ›

The demand for apartments in Denver is at its lowest in winter, during December and January. So, if you find an apartment that fits your needs, the winter months will give you a chance to negotiate for a better price than in summer when demand is high.

The salary needed to live in the Denver area "comfortably" is $70,892, a new study shows. Why it matters: Affordability is a leading concern in the metro, and the latest numbers only reinforce those fears.

A family of four estimated monthly costs are 4,625.1$ without rent. A single person estimated monthly costs are 1,280.6$ without rent. Denver is 23.3% less expensive than New York (without rent). Rent in Denver is, on average, 48.4% lower than in New York.

Denver is ranked 55 out of 273 cities across the US in terms of cost of living. The cost of living in Denver is 106.8% of the national average.

Average Home Prices: The average median home price in Colorado is $611,000, up by 6.3% YoY. In 2024, experts predict the median sale price will increase due to the tight inventory. Currently, the sale-to-list price ratio is at 98.5%, with a decline of 0.1 pt YoY compared to September 2022.

(NerdWallet) – An ongoing boom in apartment construction has helped slow down rental inflation — but renters shouldn't expect prices to drop dramatically from their pandemic-padded highs. That means affordability will remain the dominant narrative in rental housing in 2024.

Research from Clever shows Denver ranks as the 11th-least affordable metro for homebuyers based on income-to-home-price ratios. Meanwhile, a Zillow analysis shows that listing a home in late May can result in a $17,000 higher sale price compared to other times of the year.

Why has rental housing in Colorado become so expensive? Numerous studies have found that rents rise quickly when there are too few homes available: Low vacancy rates lead to heavy competition for each opening. And for-sale markets reflect a similar dynamic when prices rise quickly in response to inventory shortages.

Colorado is known for its picturesque scenery, diverse terrain, and welcoming atmosphere, and these factors all contribute to the growing cost of living within the state. Unsurprisingly, this leads to higher costs when it comes to housing – whether it be buying or renting a property.