Median monthly rent for a one-bedroom apartment in metro Denver set people back $1,530 in August, a 4.8 percent jump from July, according to the online real estate company Zumper.
The Zumper Denver Metro Area Report released this week showed Westminster had the highest median rent for a one-bedroom at $1,650, which was actually a slight decrease from July.
Denver’s rates last month overall rose 7 percent when compared to the same time last year. The Mile High City tops median rent prices for two-bedroom apartments, which the report said cost $2,070 a month. That’s a 3.5 percent increase from July, and a 6.2 percent increase from the same time last year.
Greeley is the most affordable city listed in the report. The median price for a one-bedroom apartment is $920, though that’s still a 4.5 percent jump from July. A two-bedroom apartment in the northern Colorado city will set you back $1,150, which is also the most affordable rate among the 10 cities listed. Arvada and Boulder saw similar growth among the median price for a one-bedroom apartment, tying Denver for the largest month-to-month growth.
Zumper’s figures are based on active listings that hit the market last month, according to its website.