Denver fundamentals stable with employment growth offsetting supply. Cap rates among lowest in Mountain West. This page combines HUD Fair Market Rent anchors, ApartmentList-derived vacancy estimates, and CBRE-tier cap-rate benchmarks into one landlord-focused view.
Denver fundamentals stable with employment growth offsetting supply. Cap rates among lowest in Mountain West.
Vacancy is currently 7.6% with a year-over-year rent change of -0.5%. Rent direction is negative. Underwrite to flat year-2 rent and require deal-level cap rates at or above the metro mid-band.
For deal-level analysis, the cap-rate calculator uses our Tier 1 benchmark (mid 5.3% for single-family). The cash-flow analyzer will give you a full P&L including debt service.
| Bedrooms | Median rent | Estimated range |
|---|---|---|
| Studio | $1,606 | $1,381 – $1,863 |
| 1 BR | $1,800 | $1,548 – $2,088 |
| 2 BR | $2,199 | $1,891 – $2,551 |
| 3 BR | $2,899 | $2,493 – $3,363 |
| 4 BR | $3,395 | $2,920 – $3,938 |
Anchored to HUD FMR for ZIP 80206, aged forward with BLS CPI Shelter (+4.6% / yr). Use the estimator below for a different ZIP within Denver.
Pre-filled for ZIP 80206. Change any field to re-estimate.
The HUD-anchored median 2-bedroom rent in Denver is approximately $2,199, with year-over-year growth of -0.5%. Individual rents vary widely by submarket and property condition — use the Rent Estimator above for a ZIP-specific number.
Denver sits in our Tier 1 group with an estimated cap rate band averaging 5.3% for single-family rentals and a vacancy rate of 7.6%. Denver fundamentals stable with employment growth offsetting supply. Cap rates among lowest in Mountain West.
Single-family rental cap rates in Denver typically land near 5.3%, with a metro-tier band drawn from CBRE survey ranges. Run the Cap Rate Calculator for a specific deal.
Year-over-year rent change is -0.5%. Forward 12-month projection blends recent metro trend with BLS shelter CPI. Use the LandlordIQ /get_rent_growth endpoint for the live projection.
No (CO state preemption — 2023 HB23-1115 vetoed). Notice to vacate: 21 days. Security deposit cap: No statutory cap. Colorado HB23-1095 limits late fees to $50 or 5% (whichever greater). Just-cause eviction requirements expanded 2024. Plain-English summary, not legal advice.
Data: HUD Fair Market Rents (FY2024, public). Vacancy and rent growth are estimated blends of public datasets clearly labeled. Cap rate band is the Tier 1 benchmark from our benchmarks dataset. Regulation summary is editorial — not legal advice. See methodology.