08 May May 2026 Metro Denver Rental Market Update
This May rental market update covers Denver, Golden, Highlands Ranch, Castle Rock, Centennial, and Aurora. Whether you are an investor, owner, or renter, these figures will help you plan for 2026.
Denver
Denver’s rental market remains active, with an average rent of $1,950. Rent is unchanged from last month and $211 lower than last year, indicating a continued cooling trend. With 4,288 rentals available, tenants have many options and prices remain competitive. Owners should focus on property appeal and tenant retention. In 2026, rent growth is expected to be modest, giving tenants more negotiating power.
Golden
Golden’s rental market remains strong, with an average rent of $2,500. This is $50 higher than last month and $109 higher than last year, reflecting renewed growth. With only 179 rentals available, supply remains tight. Owners should highlight property features and remain flexible to renter preferences. The 2026 outlook is stable as the market balances.
Highlands Ranch
Highlands Ranch remains a leading market, with an average rent of $3,150. This is $200 higher than last month and $1 higher than last year, indicating strong demand and stable year-over-year pricing. With only 123 rentals available, tenant competition remains high. Owners should emphasize property value and amenities. For 2026, expect sustained demand and potential moderate rent increases.
Castle Rock
Castle Rock’s rental market is adjusting, with an average rent of $2,800. This is $200 higher than last month and $150 lower than last year, reflecting recent growth and a longer-term correction. With 134 rentals available, supply is moderate. Owners can expect continued interest as the area grows but may need to remain flexible with pricing. The 2026 outlook anticipates a balanced market and stable demand.
Centennial
Centennial’s rental market provides options for both owners and tenants, with an average rent of $2,850. This is $300 higher than last month and $15 higher than last year. With 157 rentals available, the market remains steady. Owners should prioritize tenant retention and fair pricing. The 2026 outlook is for continued balance as renter needs evolve.
Aurora
Aurora remains a lively market, with an average rent of $1,974. This is $21 higher than last month and $126 lower than last year. With 1,204 rentals available, tenants have many choices. Owners can attract renters by enhancing their properties and offering strong value. The 2026 forecast anticipates steady demand and a balanced market.
To invest, rent out a property, or learn more about the Denver metro rental markets, contact Unlimited RE Property Management Denver for a complimentary property analysis. Wishing you a successful May!
Data courtesy of Zillow Rental Market Trends – May 6, 2026