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Yes, I said rent specials in Denver

Current outlook for Denver rentals

Denver apartment prices are still rising. The cause? Over 4,000,000 more renters in the U.S. marketplace vs. this time in 2007, and lack of the addition of new apartments. Even though 96% of renters surveyed say they plan to buy in the future prices are quickly rising on home prices due to lack of new home construction.

Soon home prices will be beyond the reach of renters in the under 54 age group. Additional funding issues like high personal debt to income ratios are keeping would be home owners in the rental market longer.

Everything is pointing towards higher rents, and Denver is on the leading edge. There is some relief coming. New home construction is up 60% since this time last year and new home inventory is up 12%. Additionally, an estimated 19,000 apartment rentals will be coming online in 2014 and 2015. Both of these factors will most likely not bring down rent prices but may slow rent price increases and increase rent specials for renters.

Yes, I said rent specials

There are good deals to be found. True, it’s like finding a needle in a haystack, but that’s what Apartment GuyZ does and if you are moving to Denver, Apartment GuyZ tracks rents and specials daily. Our database and and of almost 300 properties with over 4,500 apartments, townhomes, and lofts available help you find that needle.

Rent specials typically start in late November and early December, but this year apartment rent concessions like one month free rent started in early October making November the busiest rental month of 2013.

December and January is already boasting some of the best rent specials of the year. Rents are still high, but getting free rent up front or spread out over the course of a lease, drastically reduces the rental rates in Denver by as much as $200 a month.

To find the best apartment deals in Denver, and affordable luxury rentals call Apartment GuyZ today or use the contact form on this site to start your search now.

Downtown Denver Rentals

Downtown Denver apartment and loft rentals. Apartment GuyZ works with several communities offering 1, 2 and 2- bedroom plus den rentals in upscale communities with parking and washer/dryers.

Nice sized apartments, great amenities, best downtown Denver locations!

Average rents in Denver hit $1049.

Are you curious about the average rental rates in Denver?  As of October 2013 the average rental rate in Denver is $1049, up 6% since October 2012.

Average price of a 1 bedroom in Denver:

Low End Low:  $750
Luxury High: $1450

Average price of 2 bedrooms in Denver:

Low End Low:  $950
Luxury High:  $1845

Almost 3,000 new apartments have been added this year but vacancy is still hovering around 5% because many older apartment communities are renovating keeping vacant apartments off the market for longer periods, and new construction apartments are not hitting their timelines pushing available dates of new apartments back.

It’s estimated that we will see over 10,000 new apartment units delivered in 2014.  Combine those units with the release of renovated apartments that are offline in 4th quarter 2013, and current apartments under construction that got pushed to 2014 and there may be some relief for renters as occupancy is projected to fall in 2014.

Apartment Guyz has already noticed a rise in specials and availability as properties try to maintain that 5% vacancy.

How can Apartment Guyz find you a better deal?  Apartment managers often reduce their marketing budgets significantly and increase renewal rates for existing renters significantly when occupancy hits 94% or better.  This creates a barrage of move outs, and a sleepy period of move ins reducing occupancy seemingly overnight 5-10%.   Then laws of supply and demand for Denver apartments takes over.  Prices drop and rent specials increase.

Apartment Guyz is always monitoring and updating hundreds of rentals daily.  When we find the good deals, we react quickly to ensure you get the best rate possible.

Want more information on Denver apartments and average rents?  Apartment Guyz has the 411 on average rental rates, good deals, area advice, and neighborhood information.  We use this to make sure renters get a great deal on apartments that fit their personality as well as budget.

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