Colorado Renters Benefit from Lower Annual Rental Costs

In September, Colorado markets saw annual rent declines over 5%, with Denver at -7.3%, Aurora -7.7%, and Colorado Springs -5.4%. Occupancy rates remain below the national average, indicating ongoing supply-demand imbalance. About 25% of Denver apartments offered concessions in August, up from 18% earlier. Nationally, rental vacancy rates stayed steady at 7.3%, reflecting stable market conditions amid new supply adjustments.