DENVER (KDVR) — Those looking for a place to rent in the Denver metro have some good news, as the average price of rent is at its lowest point since 2022.

The most recent Vacancy & Rent Report released on Tuesday from the Apartment Association of Metro Denver showed that rent has decreased from the same point last year, marking the third year of the last four that rent has decreased.

Rent has decreased by 5% from 2024, and renters are seeing historic deals with a 5.8% concession percentage, which is the highest since 2010, according to a press release from Apartment Insights.

“Rental concessions are discounts and incentives that property managers use to attract or retain residents,” said Mark Williams, AAMD executive vice president, in the press release. “It’s good news for (soon to be

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