It’s tougher to find a Denver-area apartment to rent and you’ll have to pay more, a new report shows.

Multi-family vacancies in the Denver area dropped to 4.9% in this year’s second quarter from 5.1% in the first quarter, even though the vacancy rate is up from one year and two years ago, according to a report by the Apartment Association of Metro Denver. Rates a year ago were 4.5% in comparison to 4.6% in 1998.

Buildings with at least 350 units had the highest vacancy rate – 5.6% – while buildings with 200 to 349 units were 5.1% vacant. Lowest vacancies were found in buildings with two to eight units, with only 1.7% empty.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.