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**Denver Apartment Vacancy Rates Improve as Rental Market Stabilizes**
The number of renters leasing apartments in the Denver area is on the rise, offering some relief to investors and property owners after a turbulent period. The city’s apartment vacancy rate has decreased to 6.4% in the second quarter of 2025, down from a record high of 7% in the first quarter.
While rent prices had been on a downward trend earlier in the year, they saw a slight increase in the second quarter. The average rent in the Denver metro area is now $1,832 per month, up from $1,819 in the first quarter. However, this remains $71 less than rent levels during the same period last year.
The apartment market continues to expand, with 2,375 new units added in the second quarter and an absorption of 4,573 units. Over the past 12 months, 15,798 new units have come online, while 11,184 units have been absorbed. These figures point to a recovering rental market, supported by data from the Apartment Association of Greater Denver.
Overall, the current trends suggest a positive shift for Denver’s apartment sector, as vacancy rates decline and renter demand strengthens.
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