Median rent dropped 5 percent in Denver from October to November, Zumper finds

5800 W. Alameda Ave. Oct. 10, 2018. (Kevin J. Beaty/Denverite)

5800 W. Alameda Ave. Oct. 10, 2018. (Kevin J. Beaty/Denverite)

Donna Bryson. (Kevin J. Beaty/Denverite)

The online real estate company Zumper has found the median rent for a one-bedroom in Denver dropped 5 percent from October to November to $1,520, among the sharpest decreases in the top 25 rental markets.

In its year-end rental report, Zumper noted that this is a slow-moving season and that rents across the country either dipped or stayed flat. Of the 25 priciest markets Zumper surveyed, only three saw drops of 5 percent or more: Denver at No. 16 on the top 25 list; Minneapolis at No. 24 with a median rent of $1,320; and Nashville at No. 25 with a median rent of $1,420.

Denver’s median rent was up slightly over November of last year.

Nationally, the median rent for a one-bedroom fell just under 1 percent to $1,230 from October to November, and was up 1.8 percent over November of 2018.

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