Rent increases slow but are still up year over year in Denver


National rents declined for the first time since November 2021 in August, according to a new report from Realtor.com.

Renters are still paying more for rent than last year at 26.4% compared to 25.7% of a renter’s budget, despite the $10 month-over-month rental decline nationwide.

Overall median rent in the Denver metro area, including studios, 1-bedrooms and 2-bedrooms, was $1,997 in August, according to the report, a 5.1% year-over-year increase. Studio median rent was $1,632, a 2.1% year-over-increase,…

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