The median rent for a two-bedroom apartment in Denver in December was $1,353, continuing a trend of modest increases, according to estimates by the online real estate company Apartment List.
Apartment List’s latest monthly report found the Denver median rent had increased just under 1 percent over the previous year. December’s national median for a two-bedroom was $1,192.
Apartment List found rents were higher in Denver’s suburbs, another familiar finding. Thornton was the most expensive among the 10 Denver metro cities for which Apartment List had data, with the median for a two-bedroom at $1,944. That was 3.1 percent higher than the previous year, the steepest hike in the region. Brighton was the only city in the Denver area that saw rents fall — 6 percent, to $1,690 for a two-bedroom.
Apartment List’s estimates are based on both its own listings and Census Bureau data, a method it says keeps luxury apartment prices from skewing the results to give a more accurate picture of the trends.
Zumper, another online real estate company, uses data from more than 1 million listings across the country for its monthly rental analysis. Zumper’s latest report put the median for a Denver two-bedroom at $1,980, up 4.2 percent from Zumper’s December 2018 calculation. Denver was the 16th most expensive city in the country, according to Zumper’s rental rankings.
Zumper’s national median was $1,460, down slightly from the previous year.