Apartment List has seen Denver rents declining since the start of the pandemic

In October, the median rent for a 2-bedroom in Denver was calculated at $1,564.

The pool at the Theo, the first residential building to open as part of the 9th Avenue and Colorado Boulevard projects, is finally open to renters, May 14, 2018. (Kevin J. Beaty/Denverite)

The pool at the Theo, the first residential building to open as part of the 9th Avenue and Colorado Boulevard projects, is finally open to renters, May 14, 2018. (Kevin J. Beaty/Denverite)

Donna Bryson. (Kevin J. Beaty/Denverite)

The online real estate company Apartment List has been tracking a steady decline in Denver rents since the start of the pandemic.

Apartment List put the median for a two-bedroom at $1,564 in October, down less than a percent from September and down 5.2 percent from the previous October. Rents in Denver have fallen 4.9 percent since the start of the pandemic in March, according to Apartment List’s calculations based on data from both the Census and the company’s own listings.

Zumper, another online real estate company, looks at its own and other listings in hundreds of cities across the country. For October, Zumper calculated Denver’s median two-bedroom rent at $1,920, steady from the previous month and down 3.5 percent from October of 2019.

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