Metro Denver had the highest vacancy rate in the state for affordable rental units during the first quarter, according to a report released today.
The statewide average rental rate was $681.30. Average rents ranged from $711.80 in the Denver area to $538.01 in Pueblo.
The vacancy rate for affordable units in Denver was 9 percent, compared with 6 percent statewide, according to the Colorado Division of Housing and the Colorado Housing and Finance Authority. Metro Denver’s overall vacancy rate was 6.5 percent.
The metro counties with the lowest vacancies were Boulder and Denver counties, with rates of 1.4 and 4.8 percent respectively. Statewide, the communities with the lowest vacancies were Colorado Springs, 5.4 percent, and Greeley, 4.4 percent.
The report surveys apartments with rent restrictions and subsidies that cater to low-wage workers and other low-income residents.
