Rents in Denver are above the national average, but not the highest in the metro area, according to a new study by an online real estate company.
Apartment List says the median two-bedroom rent in Denver in August was $1,365, above the national average median of $1,191. Denver rents last month weren’t much higher than the previous month, and just 1.1 percent higher than August, 2018. Nationwide, August rents were up 1.5 percent compared to last year.
Denver is not the most expensive rental market in the metro area, according to Apartment List. That designation went to Thornton, where the median for a two-bedroom was $1,936, 3.9 percent higher than last August.
Denver’s $1,365 median for a two bedroom was the lowest of 10 cities in the region where Apartment List tracked rents. After Thornton came Littleton with the two-bedroom median at $1,910, then Brighton at $1,810, Parker at $1,800, Broomfield at $1,770, Castle Rock at $1,680, Westminster at $1,640, Aurora at $1,600 and Arvada at $1,560.
Another company that aggregates rent information, Zumper, reported different figures for Denver in its latest report, but came to the same conclusion: costs are high. Zumper ranked Denver as the 13th most expensive city in the country to rent in last month, putting the median price of a two-bedroom at $2,000.