The Mile High City’s median rent for a one-bedroom apartment has surpassed $1,600 for the first time, according to one online real estate company.
Since Zumper started publishing renter reports in 2015, company spokesperson Crystal Chen said the median rent in the city reached $1,600 in June, August and October of 2019, but never over this amount. That changed when it reached $1,610 in September, which was a 5.2 percent jump from August. Last month’s median rent is a 15 percent jump from September 2020.
The new figure means Denver dethroned Westminster as the priciest city in the metro area for a one-bedroom apartment. Denver’s month-to-month growth was third overall in the metro area, behind Aurora, Boulder and Littleton, which grew by 5.3 percent, and behind Greeley, which had the highest increase, up 5.4 percent.
Lakewood had the largest growth in median rent year-to-year, with rents there up 20.2 percent compared to September 2020.
Median rent for two-bedroom apartments in Denver is $2,090 a month, a 1 percent increase over August and a 8.9 percent increase over September 2020. Zumper’s figures are based on active listings that went on the market last month.