21 May Denver’s Thriving Rental Market: A Comprehensive Update for May 2025
Denver’s rental market continues to evolve, reflecting the city’s dynamic growth and economic vitality. As of May 2025, the average rent for single-family homes in Denver stands at $3,100, marking a significant $52 increase from the previous month. However, there has been no year-over-year change, indicating a stable long-term trend. With 951 available rentals and an average of 37 days on the market, the rental landscape in Denver is bustling with activity. The city’s robust tech and healthcare sectors, coupled with its strategic location and vibrant cultural scene, make it a magnet for new residents, driving sustained demand for rental properties.
Highlands Ranch: A Competitive and Desirable Suburb
Highlands Ranch maintains its status as a highly competitive rental market, with the average rent for single-family homes reaching $3,490. This represents a modest $5 month-over-month increase and a substantial $140 year-over-year rise. The market is tight, with only 79 available rentals and properties typically staying on the market for just 22 days. Highlands Ranch’s appeal lies in its excellent schools, abundant recreational opportunities, and proximity to Denver, making it an ideal choice for families and professionals alike.
Castle Rock: Natural Beauty and Community Appeal
Castle Rock’s rental market shows a mixed trend, with the average rent for single-family homes at $3,295. This reflects a $55 decrease from the previous month and a $55 year-over-year decrease. Despite these fluctuations, the market remains active with 72 available rentals and an average of 29 days on the market. Castle Rock’s charm, natural beauty, and strong sense of community continue to attract renters seeking a blend of urban amenities and outdoor living.
Centennial: Education and Convenience
Centennial’s rental market has seen a notable increase, with the average rent for single-family homes surging to $3,400. This represents a dramatic $276 month-over-month increase and a $195 year-over-year rise. The market remains competitive, with only 61 available rentals and an average of 25 days on the market. Centennial’s highly rated schools, safe neighborhoods, and convenient access to Denver and the Denver Tech Center make it a top choice for renters.
Aurora: Affordability and Diversity
Aurora’s rental market remains resilient, with the average rent for single-family homes at $2,900. There has been no month-over-month change, but a $29 year-over-year decrease. With 353 available rentals and an average of 35 days on the market, Aurora offers a more moderate pace compared to other areas. The city’s diverse population, affordable housing, and easy access to Denver International Airport make it an attractive option for young professionals and families.
Golden: Scenic Living and Urban Convenience
Golden’s rental market is stable, with the average rent for single-family homes at $3,500. This reflects a $100 month-over-month increase and a $50 year-over-year rise. With 41 available rentals and an average of 53 days on the market, the rental pace in Golden is steady. Known for its scenic beauty and outdoor recreation, Golden offers renters a unique blend of natural surroundings and urban conveniences.
Denver and its surrounding suburbs continue to offer a diverse and dynamic rental market, each with its unique advantages. Whether you’re drawn to the vibrant city life of Denver, the family-friendly amenities of Highlands Ranch, the natural beauty of Castle Rock, the educational excellence of Centennial, the affordability of Aurora, or the scenic living of Golden, there’s a rental option to suit every lifestyle.
Looking to rent your home in the Metro Denver area? Request a free property analysis today and let us help you navigate the thriving rental market of Denver and its suburbs!
Data courtesy of Zillow Rental Market Trends – May 19, 2025