Denver multifamily market, October 2026

Neither side has the edge in Denver, and it is recovering: asking rents are down 1.0% on a year, while jobs grew 0.2%.

Updated October 31, 2026 · from Zillow, BLS and the US Census Bureau

-1.0%

Asking rent, year over year

Zillow · September 2026

+0.2%

Jobs, year over year

BLS · September 2026, preliminary

4.9%YEARLY

Vacancy

Census · 2024 count

What is moving now

Asking rents are down 1.0% on a year to September 2026, which is the figure the condition is read from. Jobs are up 0.2% over the same year to September 2026, a first release the BLS revises the following month. Asking rents are still below last year, but falling less than they were three months ago (September 2026).

The backdrop

These are yearly Census counts, not this month's: 4.9% of rentals sat empty in 2024, permits for new apartments were up 27% in 2025, more people moved out than in in 2025, and the typical rent was $1,943 a month in 2024. They are the background the monthly figures move against, and they are the newest the Census has published.

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Common questions about Denver

Answered from the data, updated October 31, 2026

Is the Denver rental market tight or soft right now?

In Denver right now, neither side has a clear edge, and it is recovering.

Which way is the Denver market heading?

Denver is recovering right now, as asking rents ease over the past year (Zillow ZORI, monthly).

Is Denver a landlord's or a renter's market?

Denver is a balanced market right now, with neither side holding a clear edge.

What is the vacancy rate in Denver?

Vacancy in Denver is 4.9% in the 2024 count, a yearly snapshot rather than a monthly reading (US Census Bureau).

How much have Denver rents changed?

Asking rents in Denver are down 1.0% over the past year (Zillow ZORI, monthly, latest Sep 2026).

Recent coverage

Daily, from the MetroSgnl news feed. Headlines only.

Four Seasons Plans Denver Residential DevelopmentMultifamily Housing News

Developers take Denver suburb to court over $300M housing, retail projectThe Real Deal

JLL Arranges $333.3M Refinancing for 1,184-Unit Multifamily Portfolio Near DenverREBusinessOnline

What could help thaw Denver’s ‘frozen’ housing market?9News

New Colorado affordable housing funding portal could save developers $20,000 per home, state saysThe Denver Post

RedPeak Acquires 101-Unit Manchester Apartments in DenverREBusinessOnline

See all Denver news →

Data: Zillow ZORI, BLS, US Census Bureau, FRED, and the MetroSgnl news feed. Recomputed daily. Market information only, not investment advice.
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