Denver leads the U.S. in apartment rent decline, Zillow finds

[Ken M.]

DENVER — Rent costs in the Denver-metro area recorded the largest monthly decline in the nation in January, according to Zillow’s monthly rental report.

Denver was one of 11 major metro areas where monthly rental rates fell, leading the way at a 0.4% decline in January rent costs, the report shows. Cincinnati and Birmingham tied for second place with a decline of 0.2%.

The decline bucked a national trend where rents increased in 47 of the 50 largest metro areas in January compared to the same month last year, according to Zillow.

The typical January rent in the Denver region was $1,918, a 0.8% decrease from January 2024.

Multifamily rents experienced a larger decline than single-family rental properties, with Denver once again recording the largest drop in the nation at 0.5% in January, tying with Cincinnati.

Read the rest of this story at the Denver Business Journal.