Denver Apartment Rents Hit 4-Year Low

Denvers rental market sees a four-year low, with average rents matching the 2022 Q1 price of $1,758. This is due to a surge in new units, with over 70,000 built in the past five years, increasing the supply by 18%. Denver joins cities like Austin and Phoenix in seeing rent dips, ranking third nationally for a 7.3% drop last year. Despite rents being 18% higher than 2020, the market reset indicates steady, affordable living ahead. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/fced81901ddea61c