Denver rent is now the 9th most expensive among U.S. metro areas
According to a recent report, Denver is the 9th most expensive metro area in the U.S. for renters. The median rent in the city is now $2,550 – a 46% increase since August 2021. These new data underscore the ongoing struggles families face in accessing affordable housing in Colorado communities. As already-expensive rent prices only continue to increase, more renters are at risk of housing insecurity or eviction.
Every Colorado family deserves a safe place to call home. Families who rent their housing have been hit particularly hard by the economic fallout from COVID-19. Nationally, renters with children have consistently been more than twice as likely as families who own their housing to report being behind on payments and being very or extremely likely to have to leave their home.
An important step toward ensuring our families remain safe and housed lies in more focused investments in eviction prevention. The stark rise in rent prices over the past year exhibits the urgency of such investments to ensure that families remain housed in a market that grows more inhospitable by the day. Denver Initiative 305, No Eviction Without Representation (NEWR), plays an important role in this effort by giving all renters in Denver free legal support to navigate the eviction process. NEWR Denver is one of the ballot measures that the Colorado Children’s Campaign supports during this election cycle. Learn more on NEWR’s website, and from Campaign 4 Kids.