Rent Tracker
Rent Inflation in Denver, CO
The average asking rent in Denver, CO is $1,922/month as of 2026-08. That is -0.6% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,922/mo
as of 2026-08
Year-over-Year Change
-0.6%
24-Month Rent Trend
Monthly ZORI index values for Denver, CO.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,922 | -0.10% |
| 2026-07 | $1,924 | +0.31% |
| 2026-06 | $1,918 | +0.63% |
| 2026-05 | $1,906 | +0.63% |
| 2026-04 | $1,894 | +0.53% |
| 2026-03 | $1,884 | +0.59% |
| 2026-02 | $1,873 | +0.27% |
| 2026-01 | $1,868 | -0.05% |
| 2025-12 | $1,869 | -0.80% |
| 2025-11 | $1,884 | -0.89% |
| 2025-10 | $1,901 | -0.94% |
| 2025-09 | $1,919 | -0.72% |
| 2025-08 | $1,933 | -0.41% |
| 2025-07 | $1,941 | -0.15% |
| 2025-06 | $1,944 | +0.36% |
| 2025-05 | $1,937 | +0.62% |
| 2025-04 | $1,925 | +0.79% |
| 2025-03 | $1,910 | +0.74% |
| 2025-02 | $1,896 | +0.21% |
| 2025-01 | $1,892 | -0.32% |
| 2024-12 | $1,898 | -1.15% |
| 2024-11 | $1,920 | -1.29% |
| 2024-10 | $1,945 | -1.07% |
| 2024-09 | $1,966 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices