Build-to-Rent Developments: A New Affordability Frontier for Denver Tenants

Denver's renter vs buyer affordability analysis has revealed a significant shift in the city's housing landscape, with build-to-rent developments becoming an increasingly popular choice for tenants. According to recent data, over 1,000 build-to-rent units are currently under construction in the Denver metro area, with many more in the pipeline.

This trend matters now because Denver's housing market is experiencing a period of unprecedented growth, with the median home price exceeding $640,000 and average rent prices surpassing $2,000 per month. As a result, many would-be buyers are being priced out of the market, forcing them to consider alternative options, such as build-to-rent developments. The city's rapid expansion, coupled with a shortage of affordable housing, has created a perfect storm that is driving demand for these types of developments.

In Denver, build-to-rent developments can be found in various neighborhoods, including the trendy LoDo district, where the newly constructed 15th Street building offers luxurious amenities, such as a rooftop pool and fitness center. Similarly, in the up-and-coming RiNo neighborhood, the Walnut Street development provides tenants with access to a community garden and on-site parking. Local organizations, such as the Denver Housing Authority and the Urban Land Conservancy, are also working to promote affordable housing options, including build-to-rent developments, in areas like the historic Five Points neighborhood.

The Benefits of Build-to-Rent

So, what do build-to-rent developments offer tenants? For starters, they provide a unique set of amenities and services, such as on-site maintenance, community events, and access to shared spaces, like lounges and co-working areas. According to a recent report by the National Multifamily Housing Council, the average build-to-rent development in Denver offers 2.5 bedrooms and 2.2 bathrooms, with an average rent price of $2,500 per month. Additionally, many build-to-rent developments are located in desirable neighborhoods, with easy access to public transportation, shops, and restaurants. For example, the build-to-rent development at 2250 Broadway, in the heart of downtown Denver, offers stunning views of the Rocky Mountains and is within walking distance to the popular 16th Street Mall.

In terms of data, a recent survey conducted by the Denver Metro Association of Realtors found that 75% of renters in Denver are interested in build-to-rent developments, citing amenities, location, and affordability as the top reasons. Furthermore, according to data from the US Census Bureau, the median household income in Denver is approximately $83,000, making build-to-rent developments an attractive option for those who want to live in the city without breaking the bank. As of June 2026, the average rent price for a build-to-rent unit in Denver is $2,200 per month, which is comparable to the average rent price for a traditional rental unit.

So, what's next for build-to-rent developments in Denver? As the city continues to grow and evolve, it's likely that we'll see even more of these types of developments popping up in neighborhoods across the city. For tenants, this means more options and amenities to choose from, as well as increased competition among developers, which could lead to more affordable prices. As the Denver housing market continues to shift, one thing is clear: build-to-rent developments are here to stay, and they're changing the way we think about affordability and amenities in the city.