About 30 percent of Denver's renters are coming to the city from out of town, which is helping drive rent prices upward. . . . Only Nashville, Tennessee (42.2 percent), Raleigh, North Carolina (38.1 percent), San Jose, California (34 percent), and San Francisco (30.9 percent) have higher percentages of renters coming from other cities to rent.
Zillow estimates the Denver rents have risen 3.3 percent in the past year and estimates the median monthly rent in Denver is $2,008.From the Denver Business Journal.
Some of Denver's attractiveness is driven by the $2.4 billion that legalizing marijuana has added to the Colorado economy.