Rent continues to fall in Denver, according to Apartment List

The online real estate company put the median for a Denver two-bedroom at $1,536 in December, down 6.6 percent since the pandemic arrived.

Apartments for rent in the Speer neighborhood. (Kevin J. Beaty/Denverite) speer; real estate; denver; colorado; kevinjbeaty; denverite; residential

Donna Bryson

Jan. 05, 2021, 12:44 p.m.

The latest rent report from the online real estate company Apartment List put the median for a Denver two-bedroom at $1,536 in December, down slightly from November and down 6.6 percent since the pandemic arrived in March.

Apartment List has been tracking a steady decline in rents in Denver since March. As of December, 2020’s median was down 5.3 percent from December 2019.

Apartment List bases its rent estimates on data from the Census, its own listings and from capturing rents on contracts that are signed.

Zumper, another online real estate company, looks at its own and other listings in hundreds of cities across the country. For December, Zumper calculated Denver’s median two-bedroom rent at $1,910, down 3.5 percent from December 2019.

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