As of May 2026, the average rent for a 1-bedroom apartment in Denver is reported to be between $1,600 and $1,800.

While it is more stable compared to the rapid increases of a few years ago, it still ranks high within the Rocky Mountain region.

Over the past decade, rent prices in Denver have surged to some of the highest in the country.

In particular, the period from 2015 to 2022 saw the steepest increases.

The influx of people from areas like California, along with the relocation and expansion of IT, aerospace, and finance companies to Denver, has significantly increased the number of high-income jobs.

Additionally, low interest rates and a shortage of housing supply have caused both home prices and rents to soar. In some areas, rents have increased by nearly 50-70% compared to ten years ago.

However, starting in 2024, the trend began to shift. A construction boom over the past few years has greatly increased supply, leading to a rise in vacancy rates, and landlords have started offering one or two months of free rent or move-in bonuses.

As of 2026, the average rent in Denver has decreased by about 5% compared to the previous year, marking the first time in a decade that the market is considered favorable for tenants.

Nevertheless, with new housing supply decreasing again, experts suggest that there may be renewed upward pressure on rents in the long term.

In downtown Denver and areas like LoDo and Capitol Hill, listings often exceed $1,900 to $2,000.

In contrast, moving out towards Aurora or Westminster, you can find listings in the $1,400 range, which may lead to considerations between commuting time and rent.

Studios are estimated to be around $1,300, while 2-bedroom apartments are around $2,300. Sharing a 2-bedroom with a roommate is a common option in Denver.

Recent trends over the past year suggest that Denver rents have remained stable or experienced a slight decline. After the surge during the pandemic, the increase in new supply has provided some relief for tenants. However, rents are still significantly higher than they were five years ago.

When compared to nearby cities, Denver's position becomes clear. Colorado Springs is about 20 to 30 percent cheaper than Denver, while Boulder tends to have higher rents than Denver. Thus, Denver is positioned in the mid to upper range of the Colorado rental market.

Areas with a high concentration of Korean residents include Aurora and Centennial. The eastern part of Aurora, which has a concentration of Korean markets and churches, tends to have lower rents than downtown while still maintaining convenience, making it consistently popular among Korean families.

If you are a Korean family considering a move to Denver, it is advisable to first explore Aurora or Centennial unless you specifically need access to the city center.