Denver Renters Rebounding While Concessions Remain High
Beginning in mid-March, rents in Denver fell by about 2.5 percent through April, a sharper drop than the national average. Rents have since rebounded and actually outperformed the national average in parts of the third quarter. Suburban rents are driving the recovery, while urban rents are still weighing on Denver’s apartment market. Since June, average rents in Cherry Creek have dropped $202 and Riverfront Park rents have dropped $174.