Cities / Colorado / Denver County / Denver
Denver cityscape
City housing brief · Incorporated place

Denver, CO

City evidence stays city-level. County, metro and national records appear separately to explain the wider market without changing the city figures.

City gross yield4.2%ZORI × 12 ÷ ZHVI · before costs
Direct city rent answer

What does rent cost in Denver, CO?

The latest city-level Zillow ZORI for Denver is $1,877 per month in 2026-06. It measures a typical asking-rent market across rental types—not an arithmetic average or an address-level rent estimate.

City Zillow ZORI$1,8772026-06 · down 1.5% year over year
City ACS gross rent$1,831ACS 2024 5-year occupied-renter survey
HUD two-bedroom context$2,089Denver County administrative standard
How to read the rent answer for Denver
MeasureCurrent valueGeographyMeasurement boundary
Zillow ZORI$1,877Denver cityTypical observed asking-rent index; not a unit quote.
Census ACS gross rent$1,831Denver citySurvey estimate for occupied renter homes, including specified utilities.
HUD 2BR FMR$2,089Denver CountyAdministrative bedroom standard; wider context, never substituted as city rent.

For a property decision, match bedroom count, condition, utilities, concessions, lease timing and nearby comparable listings. Wider county and metro evidence below stays explicitly labelled.Zillow pulled 2026-07-29

For within-city variation, inspect the published ZIP rental landscape rather than treating one citywide value as uniform.

City market snapshot

Four figures that frame the city

Typical home value
$539k
▼ 3.4% year over year
Zillow ZHVI · 2026-06
Observed market rent
$1,877
▼ 1.5% year over year
Zillow ZORI · 2026-06
Entry affordability
5.7x
home value ÷ household income
Zillow + Census ACS
Population
718,877
▲ 1.9% between ACS vintages
ACS 2024 5-year
Decision brief

What the city-level evidence says

01Decision frame

Denver’s current Zillow ZHVI is $538,992, while Zillow ZORI is $1,877 per month. Together they imply a 4.18% gross yield before every operating cost. The home value is 5.69x ACS median household income, and annual ZORI rent is 23.78% of that income. Those citywide ratios frame entry cost and affordability, but they are not a property cash-flow estimate or a household-specific budget.

02Housing stock

Citywide ACS reports 359,581 housing units; 51.24% of occupied units are renter-occupied, and 6.72% of all units are vacant. Its $616,000 median home value covers surveyed owner-occupied housing, while its $1,831 median gross rent covers surveyed occupied rental housing and includes selected utilities. Those ACS measures differ in definition and period from Zillow’s typical home value and observed market rent, so they should not be averaged or treated as confirmation of one another.

03City depth

Direct city depth is mixed. The citywide ACS rent-burden share is 47.59%. Single-family homes make up 49.29% of units, and large multifamily units account for 32.30%; among vacant units, 41.74% are classified for rent. Denver’s population is 718,877, up 1.89% between overlapping ACS five-year vintages; that is not an annual rate, and boundary changes may affect the comparison. Median household income is $94,718, with poverty at 11.24% and unemployment at 4.88%. These facts describe citywide demand constraints and stock composition, but do not prove lease speed, causation or available investment inventory.

04Wider context

In Denver County, Realtor context shows 3,346 active listings and a 30.04% price-reduced share; these describe county marketing conditions, not Denver city inventory. In the broader Denver metro, BLS jobs fell 0.11% and Redfin months of supply was 2.9, indicating softer employment and listing context at metro scope only. Nationally, the Freddie Mac rate for a thirty-year mortgage was 6.58%, a financing benchmark rather than a city borrowing quote.

05Limits & next checks

The central limitation is that aggregate values omit the property’s achievable rent, condition, expenses, financing and legal constraints. Before underwriting, verify unit-level rent comparables and concessions; the actual tax bill, insurance and climate exposure; utilities, association charges, management, repairs, capital needs and vacancy assumptions; and loan terms. Inspect the building, title, permits and lease terms, and test cash flow under lower rent and higher costs. City vacancy, tenure and survey shares should inform questions, not substitute for property diligence.

Housing system

Market movement and the stock underneath it

Five-year path

Price and rent, rebased to 100

ZHVI +1.0%ZORI +10.4%
11610595202120222023202420252026
Each series starts at 100 so their direction can be compared without pretending that a home value and a monthly rent share the same unit.
Housing stock

Tenure and vacancy

ACS
51.2%RENTER
Owner occupied48.8%
Renter occupied51.2%
Vacant units6.7%

Median structure year 1975

Tenure uses occupied units; vacancy uses all housing units.
Measurement matrix

Two sources, two different questions

SourceHome valueMonthly rent
Zillow market index$539K$1.9K
ACS occupied housing$616K$1.8K
Zillow measures current market indexes. ACS reports surveyed owner value and gross rent for occupied housing. The rows are context, not interchangeable estimates.
Direct local rental evidence

Recent leases and rental-market liquidity in Denver, CO

These Apartment List observations match the exact city Census code 0820000. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,835$1,703$1,5702021-082026-07
Recent-lease rent$1,6132026-07 · -4.5% year over year
Rental vacancy8.7%2026-07 · -0.1 percentage points year over year
Time on market34 days2026-07 · +1.7 days year over year
Direct city depth

Households and housing form behind the medians

Median household income$95k

Annual ACS household measure.

Rent-to-income screen23.8%

Annual ZORI divided by ACS median income.

ACS rent burden47.6%

Renters paying at least 30% of household income toward gross rent.

Average household size2.10

People per occupied housing unit.

Single-family stock49.3%

Detached and attached one-unit structures.

Large multifamily stock32.3%

Housing in structures with 20 or more units.

Vacant and for rent41.7%

Share of vacant units listed by ACS as for rent, not a market vacancy rate.

Unemployment4.9%

Share of the civilian labor force.

Poverty11.2%

ACS population for whom poverty status is determined.

These are citywide context measures. They cannot tell you the rent, vacancy, expenses or tenant demand for a particular neighborhood or property.
ZIP rental landscape

How asking rent and renter pressure vary inside Denver

This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. It is a selected evidence set, not a neighborhood ranking or an exhaustive city inventory.

Selected ZIP range$1,450$2,314Zillow asking-rent index
Monthly spread$864highest minus lowest selected ZIP
Observed burden range33.0%56.8%ACS renter households paying 30%+
Renter households covered114,068across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.80219$2,31480211$2,21980210$2,12480209$2,06680202$2,05180204$1,99080205$1,97480206$1,83580247$1,77880203$1,53880218$1,50780231$1,450
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.59.3%52.1%44.9%37.7%30.5%802038020580204802118023180202802478021980218802098021080206Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.80219+110.8%80211+106.2%80210+101.7%80209+98.9%80202+98.2%80204+95.3%80205+94.5%80206+87.8%80247+85.1%80203+73.6%80218+72.1%80231+69.4%
WHAT THE LOCAL DISTRIBUTION SAYS

Denver’s selected direct-evidence ZIP set frames a search-range question rather than a citywide inventory: it contains 12 of 27 eligible ZIP/ZCTA matches, ordered by renter households and covering 114,068 renter households. In Zillow’s June 2026 ZORI—a typical observed asking-rent index—the local values run from $1,450 to $2,314, with a $1,982 median and an $864 spread. That dispersion makes the practical question less about a single Denver rent and more about whether a prospective unit’s asking rent, bedroom count, and lease terms are competitive within its ZIP. The selection is useful for comparison but is not an exhaustive inventory of city ZIP areas.

Do not treat the three rent series as substitutes. Zillow places the high and low ends at roughly 111% and 69%, respectively, of the common $2,089 HUD FY 2026 bedroom-specific standard. That is an administrative benchmark, not a typical asking rent, and it cannot establish that units at either end are comparable. ACS instead reports 2024 ZCTA median gross rent. The low-end Zillow ZIP has an ACS median gross rent of $1,764, while the high-end Zillow ZIP’s ACS figure is $1,539. Different timing and rent definitions make this a contrast in measures, not an inconsistency to average away.

Affordability signals do not line up mechanically with either rent series. Across the selected ZCTAs, the ACS share of renter households spending 30% or more of income on gross rent ranges from 33.0% to 56.8%, while survey vacancy ranges from 3.3% to 16.6%. ZIP 80247 pairs a $1,778 Zillow index with the highest burden share and a 6.9% vacancy rate; a lower asking index therefore does not by itself imply low household strain. At the other end, 80211 has the lowest burden share despite a $2,219 index and 5.7% vacancy. Denver’s citywide ACS figures—47.6% burdened and 6.7% vacant—are context, not evidence that any particular property has availability, concessions, or a tenant’s affordability.

These figures set comparison boundaries, not a quote for a particular home. Zillow is an index of observed asking rents; ACS ZCTA estimates are survey statistics for statistical areas that do not exactly match USPS delivery ZIPs; and HUD is an administrative bedroom-specific standard. Before deciding, check the unit’s exact address and bedroom count, the advertised versus effective rent, required fees and utilities, lease length, availability date, income qualification, and whether any voucher or program rules apply. Verify the current listing directly and calculate the applicant’s own income-to-total-housing-cost ratio rather than applying an area median or benchmark mechanically.

Selected ZIP evidence

Keep each source universe visible

27 ZIP profiles passed the city gate; the 12 with the most renter households are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screen
80203$1,538$1,641$2,08943.4%7.1%$62k
80205$1,974$1,905$2,08941.4%8.6%$79k
80204$1,990$1,811$2,08947.0%9.1%$80k
80211$2,219$1,970$2,08933.0%5.7%$89k
80231$1,450$1,764$2,08954.2%10.3%$58k
80202$2,051$2,309$2,08940.4%16.6%$82k
80247$1,778$1,828$2,08956.8%6.9%$71k
80219$2,314$1,539$2,08947.3%3.3%$93k
80218$1,507$1,534$2,08938.7%6.0%$60k
80209$2,066$2,031$2,08935.6%6.8%$83k
80210$2,124$1,996$2,08945.9%6.1%$85k
80206$1,835$1,764$2,08940.4%8.2%$73k
READ BEFORE USING

ACS figures are five-year estimates for ZCTAs, which are statistical areas rather than identical USPS delivery ZIPs. The selected direct-evidence set covers eligible ZIP/ZCTA matches ordered by renter households, not every city area or every available property.

Zillow’s June 2026 index, ACS’s 2024 five-year estimates, and HUD’s FY 2026 standard have different periods, methods, and purposes. They should not be averaged or used as a quoted rent, a guarantee of availability, or a determination of tenant eligibility.

SOURCE LEDGERCensus ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD USPS crosswalk and Small Area FMRs — ZIP rent fallbackZIP-CBSA 2025Q4 + SAFMR FY2026 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Curated city comparisons

Denver in direct city-to-city decisions

Each comparison keeps both records inside city limits and opens only when the pair differs materially on multiple decision signals.

Browse all city comparisons →
Closest market alternatives

Three useful contrasts, not a synthetic winner

The peer set broadens the decision without mixing geographies. Price, rent and housing characteristics remain city-level for every place.

Comparable market profile

Entry price, rent and gross yield

Denver, COAurora, COColorado Springs, COPortland, OR
Typical home valueZillow ZHVIDenver$539KAurora$462.4KColorado Springs$450.3KPortland$540.3KObserved market rentZillow ZORI / monthDenver$1.9KAurora$1.8KColorado Springs$1.7KPortland$1.7KGross yieldZORI × 12 ÷ ZHVIDenver4.2%Aurora4.6%Colorado Springs4.6%Portland3.8%
Bars begin at zero within each measure. Gross yield is a screening ratio before financing, taxes, insurance, vacancy, maintenance or management costs.
Same metro01

Aurora, CO

Compared with Denver, typical home value is $77k lower, monthly rent is $118 lower, and gross yield is 0.4 percentage points higher.

Rent burden 30%+
60.3%
Renter share
37.6%
One-unit stock
64.4%
20+ unit stock
12.9%
Same state02

Colorado Springs, CO

Compared with Denver, typical home value is $89k lower, monthly rent is $138 lower, and gross yield is 0.5 percentage points higher.

Rent burden 30%+
54.3%
Renter share
39.1%
One-unit stock
68.7%
20+ unit stock
11.6%
Closest data profile03

Portland, OR

Compared with Denver, typical home value is $1k higher, monthly rent is $156 lower, and gross yield is 0.4 percentage points lower.

Rent burden 30%+
52.5%
Renter share
48.0%
One-unit stock
57.4%
20+ unit stock
23.5%

These are analytical alternatives, not recommendations. The structural measures come from Census ACS; price and rent use the Zillow releases shown on each card and in the source ledger below.

Wider market context

What surrounds the city without being mistaken for it

The layers below answer different questions. County records describe listing, migration, financing and hazard conditions around the city; metro records describe jobs, supply and permits; the mortgage rate is national.

Same measure, wider boundary

City marker against intersecting counties

CityCounty range
Typical home value$546.3K$546.3K$539KObserved market rent$1.9K$1.9K$1.9K
Both levels use Zillow indexes, but the county records cover land and housing outside the city. The comparison supplies context; it does not replace the city value.
Same Zillow index families

City limits versus the linked metro

DenverMetro
Observed market rentMetro $1.9KCity $1.9K · -2.8%Typical home valueMetro $572.7KCity $539K · -5.9%Gross yieldMetro 4.0%City 4.2% · +3.4%
Zillow ZORI and ZHVI use the same release month at both boundaries. Gross yield is rent × 12 ÷ home value; the metro contains the city and is context, not a substitute.

Search all direct city–metro gaps in the interactive atlas.

COUNTY LAYER

The intersecting county

This boundary extends beyond the city and is shown only as context.

2026-06
Active listings
3,346
Listing DOM
51 days
FHFA one-year
▼ 0.4%
Net migration
2,141
Investor share
8.5%
Effective property tax
0.45%
Top hazard
inland flooding
Expected loss ratio
0.16%
METRO LAYER

Denver, CO

Open metro analysis →
Job growth▼ 0.1%12m to 2026-06
Permitted units17,0122026 YTD through M06
Permits / 1,0005.7broader metro population
Months of supply2.92026-05-01
Median DOM21 daysRedfin metro tracker
Price drops41.8%Redfin metro tracker
Wider-context figures are not inputs to the city gross yield and are never used to fill a missing city price, rent or ACS measure.
What can break the thesis

Three checks before using the city averages

  1. 01

    Gross yield omits taxes, insurance, maintenance, management, vacancy, capital spending and debt service.

  2. 02

    ACS vacancy and structure shares do not identify units available to buy or guarantee tenant demand.

  3. 03

    County, metro and national indicators have wider denominators and cannot be assigned to the city or a property.

Questions answered

Quick reading guide

Is the Zillow gross yield a net return?

No. It is annual Zillow market rent divided by Zillow home value before every operating and financing cost.

Can ACS median gross rent be combined with Zillow home value?

No. They cover different concepts and periods; ACS gross rent also includes selected utilities.

What should be checked next?

Verify property rent comparables, concessions, taxes, insurance, operating costs, capital needs, condition, title, permits, lease terms and financing.

Sources and geography

What belongs to this city page

Census recognizes this as Denver city. The place intersects Denver County.