Rent vs Buy in Denver, CO
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Denver, CO
Price-to-rent ratio is 21.0 (under 15 favors buying, over 21 favors renting). Renting costs $2,140/mo; owning runs about $4,027/mo — $1,887/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $2,858 |
| Property tax | $495 |
| Home insurance | $225 |
| Maintenance | $450 |
| Total to own | $4,027 |
| Average 2BR rent | $2,140 |
Based on a median home value of $539,712 with a $107,942 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.