It’s no longer a secret that Denver is an amazing place to live. Denver is a perfect mix of city life, outdoor activities, cultural experiences, beloved sports teams and exceptional weather.
Even though Denver is a bustling city with over 700,000 residents and high rise buildings one can catch a stunning mountain view from nearly every angle or find an expansive park for recreation in every neighborhood.
If you want to live in the thick of nightlife or on a more family friendly street, there is a Denver neighborhood that will suit your needs. Download the Moving to Denver Resources Guide to learn more about each neighborhood.
Short-term rentals are only permitted in Denver for an owner’s primary residence. Owners are required to obtain a short-term rental license. The fee to acquire a rental license is $50 for the application and $100 annually for renewal.
An accessory-dwelling unit can be used as a short-term renal by a property owner or long-term renter who is living in the primary structure on the property. The owner cannot live in the ADU and rent the primary residence.
Number of STRs an owner can occupy
Cost for a STR permit
A perfect middle ground between the income potential of a short-term rental and the stability of a long-term rental. Mid-term rentals are furnished units that are rented to guests for 30+ days. People who seek out mid-term rentals are traveling nurses and professionals on temporary assignment or people displaced from their homes for a duration of time. It’s become a popular investment strategy because in many areas, like Denver there is no rental license required. Use services like AirDNA to calculate what your potential rents could be.
Year over year increase in MTR nights sold
No license required for rentals
The “rent by the room” investment strategy involves renting out individual rooms within a single property, such as a house or apartment, rather than leasing the entire unit to a single tenant. This approach has gained traction as it allows investors to maximize rental income by catering to multiple tenants simultaneously. Each tenant pays for their designated room and shares common areas like kitchens and living rooms. This is a popular strategy among house hackers who choose to rent out the rooms in the house they are living in. In Denver you’re legally able to house 5 unrelated people in one rental unit.
Average Room Rent
Primary Room Rent
Long-term rentals are a smart strategy for a more hands-off approach and a buy and hold mindset. In an appreciating market, like Denver, if the property’s rent can cover the mortgage, plus an additional 10% for vacancies and repairs, then you’re property is increasing in value the longer you hold it. Check out the latest rent estimates on Rent-O-Meter or Zillow to see what your property might get for rents.
Avg. Rent 3 bed / 2 bath
Avg. Rent 2 bed / 1 bath
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