The number of renters leasing Denver apartments is on the upswing. Vacancy rates are at 6.4%, a welcome sight for apartment investors and owners after suffering through record highs last quarter. These numbers are down from 7% of area apartments sitting empty in the first quarter of 2025.
The Denver Business Journal reports that rent, which decreased in the first quarter of the year, has ticked upward in the second quarter but remains $71 lower than a year before. The average rent in the Denver-metro area for this year’s second quarter totaled $1,832 a month, up from $1,819 in the previous quarter.Â
The Denver-area apartment market added 2,375 new units in the second quarter, with 4,573 units being absorbed.
Over the previous 12 months, 15,798 new units came online, with 11,184 apartments being absorbed. The Denver Business Journal utilized survey findings from the Apartment Association of Greater Denver.
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