Denver rental market analysis

Rental Market Reports > Apartment Reports > Denver, CO

Q1 2023 - Rental Market Report



This rental market report looks at how Denver, CO apartment rent prices have changed in Q1 2023.

According to our data, two-bedroom rent prices increased the most at 22% while one-bedroom apartments had the smallest increase of 17%.


Year-Over-Year Change in Average Rents: 1-3 Bedroom Apartments

Rent prices in 1-3 bedroom types in Denver, Colorado experienced the following year-over-year rent increases in Q1 2023:

  • 1-Bedroom: 17%
  • 2-Bedroom: 22%
  • 3-Bedroom: 19%

Year-Over-Year Average Rent: 1-3 Bedroom Apartments

Below are the average rent prices for 1-3 bedroom apartments in Q1 2023 for Denver, Colorado.

  • 1-Bedroom: $1,919
  • 2-Bedroom: $2,579
  • 3-Bedroom: $3,006



Geography: This report analyzes rents in Denver, Colorado

Property Type: One, two, and three-bedroom apartments with all bathroom counts.

Analysis: Rent data was analyzed year-over-year for each bedroom count.

Data: New rents collected at the beginning and end of each quarter reported, excluding outliers below $500 and above $10,000.



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Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.