If you’re looking to rent an apartment anywhere from Boulder to Colorado Springs and find a great price difficult to find, you’re not the only one.

As a background, the Denver market needs to add about 4,500 units each year just to keep up with normal growth.

The rental market is in high demand because

• With job uncertainty, many aren’t ready to purchase a home if they may lose their job or get their next job too far from this home.
• New renters include some of the 35k high school graduates each year
• In the past year and a half, 130k people moved to our state without a job lined up but will nonetheless need a place to live.

John Rebchook, the author of InsideRealEstateNews.com has recently reported vacancy rates in several articles.  With only a limited supply with increased demand, higher rents are seen across the state. Here’s a culmination by area:

Boulder:

As previously reported by InsideRealEstateNews, the overall vacancy rate for rental homes in the Denver area is a record-low 1.4 percent. In the Broomfield/Boulder corridor, the vacancy rate is zero. Median rents in an article dated May 24th were:  Boulder/Broomfield, $1535

Denver Metro:

During the second quarter of 2011, the median rent in metro Denver rose to $863.37, increasing 2.5 percent from 2010’s second-quarter median rent of $842.70. Full article

Colorado Springs:

Rebchook wrote, ‘The average rent in the Colorado Springs metro area hit a new high during the second quarter of 2011, climbing 5.5 percent, year over year, to $759, according to a report released today by the Colorado Division of Housing and the Apartment Association of Southern Colorado.’  Article

Are you ready to get out of the renting game? 8z Real Estate has brokers across Colorado. Start browsing Denver, Boulder and Colorado Springs real estate online.