Don't get me wrong — many Colorado residents, even natives, welcome newcomers to the Centennial State.

However, some Colorado natives have a reputation for being anti-transplant. If that's you, then I have some bad news.

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Despite reports of a "mass exodus" in Denver, people are still moving to the Mile High City.

Denver is becoming a hotspot for renters across the country

According to new research from StorageCafe, Denver is the seventh-best place in the U.S. for "residential revival" due to its impressive apartment scene.

Since 2013, the Mile High City has built more than 10,700 new apartments — a 58% increase over the last 10 years.

RELATED: Denver Still Popular Destination for Renters Despite 'Mass Exodus' in Colorado

"Every major city around the country has been working towards revamping its urban core to house more residents, but few have done it better than Denver," reads the report. "With urban cores becoming the place to be for an increasing number of renters, the need for more space transferred to downtown areas as well."

The company reports that from 2013 to 2022, Denver has also added nearly 290,000 square feet of self-storage space, and the city is currently building over 2,700 new apartments.

What does this mean for Denver?

People want to move to Denver, and the Mile High City is ready for them.

Still, this influx could have a negative impact on Denver's cost of living. According to Freakonomics, high demand for a city's housing will drive up its cost of living — and Denver is already one of the most expensive places for renters in the U.S.

However, the city's nightlife, walkability, and job market may make the cost worth it for renters. If so, welcome to the Mile High City.

Another perk of living in Denver is your proximity to Empower Field. Check out a stunning apartment just minutes from Mile High in the gallery below.

LOOK: This Stunning Denver Apartment Is Only Two Minutes Away From Empower Field at Mile High

Living down the street from Empower Field at Mile High might make it easier to be a Denver Broncos fan. This stunning apartment is only two minutes away from the stadium — take a virtual tour in the gallery below.

Explore Denver's Colorful RiNo Art District

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