Denver’s recent experience shows that when we build more housing, rents fall – and they fall the most for households that need the greatest relief

November 14, 2025 | Matt Frommer, Housing Forward Colorado & Luke Teater, Thrive Economics
This report was originally published at Housing Forward Colorado (a SWEEP project).

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Denver’s unprecedented housing construction boom over the past two years has reduced rents across the metro area, especially for lower-income renters. New data shows that rents for Denver’s most affordable apartments have dropped by 10% – twice as much as the reductions seen in newer, more expensive properties. For a deeper look at how increased housing supply has made the region more affordable for renters at all income levels, read our full report co-authored with Luke Teater from Thrive Economics: housingforwardco.org/denvers-housing-construction-boom-has-reduced-rents-especially-for-lower-income-renters.