Discover Colorado’s growing monthly rental market: Key trends and insights

Welcome to Colorado’s Booming Monthly Rental Market

Colorado is leading the way in the growing monthly rental market, attracting remote workers, healthcare professionals, and relocating families who are seeking flexible housing options in both major cities and mountain towns.

A recent report by Furnished Finder and AirDNA reveals a significant increase in monthly rental properties in popular Colorado destinations such as Denver, Boulder, Steamboat Springs, and Durango. This surge in demand can be attributed to rising housing costs and evolving work trends.

Monthly rentals have transitioned from being a side business to becoming a prominent segment of the rental market, surpassing short-term rentals in popularity.

According to AirDNA, the number of bookings for stays of 28 days or longer has more than doubled from about 20 million nights in 2019 to an estimated 46 million in 2025. This growth rate is more than twice that of short-term rentals.

Individuals seeking extended stays are driving the demand for stable, non-hotel housing options, particularly for stays lasting 90 days or more.

Strong Growth in Colorado Markets

Colorado’s diverse markets are attracting a wide range of tenants. While Boulder, Durango, and Steamboat Springs are among the top 20 fastest-growing monthly rental destinations, Denver leads the state with over 2,800 monthly rental properties. In the last year alone, these properties have hosted more than 59,000 unique renters, with healthcare professionals, relocating families, and business travelers making up the majority of tenants.

Boulder boasts 281 properties catering to over 12,000 renters annually, with relocating families, business travelers, and healthcare professionals being the primary renters. Steamboat Springs and Durango also have a significant number of monthly rental properties, attracting a mix of business travelers, digital nomads, relocating families, and healthcare professionals.

Jeff Hurst, President, and CEO of Furnished Finder, notes that these markets thrive by providing renters with the flexibility, affordability, and convenience they desire. Colorado renters are specifically seeking amenities such as workspaces, full kitchens, in-unit laundry, and pet-friendly options.

Independent Landlords Fueling Supply

Unlike corporate landlords, independent property owners are the driving force behind Colorado’s monthly rental trend. The report indicates that 85% of monthly rental owners in Colorado own only one property, with most opting to rent out entire homes or convert spare rooms into monthly rentals.

Data shows that the majority of renters are looking for monthly units priced under $2,500 and with two bedrooms or fewer.

A National Trend

Colorado’s rental market growth mirrors the national trend of increasing demand for monthly rentals. The report reveals that national demand for stays of 28 days or more has surged by 136% between 2019 and 2025, outpacing the growth of traditional short-term rentals.

Monthly rentals now account for 19% of total national rental demand, offering owners a way to reduce turnover costs, maintain steady income, and minimize vacancy risks. This is particularly beneficial in seasonal markets where short-term rental rules are becoming stricter.

With affordability challenges on the rise, monthly rentals are providing flexible solutions for both owners and renters alike.

This post was prepared independently and does not involve the news and editorial staff of JS.