Apartment rents in the Denver metro continue to slide.
The average rent in the area fell 3.7 percent in the second quarter compared to the prior year, according to a new report from the Apartment Association of Metro Denver. Rents started falling at the end of last year, the association’s data show.
The city’s renters are finally catching a break after a building boom in recent years led to a glut of space that landlords are struggling to fill. The pileup — including about 20,000 new units in 2024 — is leading building owners to hold down rents to attract and keep tenants…