Class A Pulse
Denver: the sun is setting over a large city

Metro report · CO

Denver

Denver-Aurora-Lakewood, CO metro area

Rent
$1,632
Vacancy
7.9%
Concess.
47%

Photo: Nils Huenerfuerst / Unsplash

Asking rent (new leases)

$1,632/mo

1BR $1,414 · 2BR $1,691 · −2.0% vs. a year ago · −0.7% vs. last month

Median rent on new leases, all apartment classes.

As of Oct 2026 · Apartment List Rent Estimates (Oct 2026) · published 2026-10-28

Class A asking rent

Data coming

We only publish a Class A-only figure once we have a free, citable source for it. Until then, use the market-wide number and the concession rate as a guide.

Vacancy

7.9%

8.8% a year ago (−0.9 pts)

Apartment List Vacancy Index (properties listed on its platform, skews professionally managed).

As of Oct 2026 · Apartment List Vacancy Index (Oct 2026) · published 2026-10-28

Concessions

47%

of properties advertise a free month or more, vs. 44% a year ago (+3 pts).

Share of properties advertising at least one free month (or equivalent) on new leases. Median time on market: 39.7 days.

As of Oct 2026 · Apartment List Concession Rates (Oct 2026) · method

Download the data

Pipeline / new supply

5,580

units in 5+ unit buildings permitted Jan–Sep 2026, vs. 6,073 in Jan–Sep 2025 (−8%). Fewer permits now means less new supply competing for renters once those projects deliver, typically a couple of years out.

Permits are an early signal, not deliveries. Under-construction counts: data coming.

As of Sep 2026 · U.S. Census Bureau Building Permits Survey, CBSA monthly (Sep 2026 YTD vs Sep 2025 YTD) · accessed 2026-11-11

Census CBSA file (XLS)

Reader concession sightings

None yet. Seen a free-rent offer at a Class A property here? Send it in; we check each one before it goes up.

Refi read-through

What it means for a refi here

The 10-year Treasury is at 4.88% (−0.03 pts on the week). Lenders size loans on NOI, so rising concessions and flat-to-falling rents squeeze proceeds even if rates hold. Test your loan →

Get Denver and 14 other metros every Friday.