Median rent for a one-bedroom in Denver jumped 15% over the past year

The median price for a one-bedroom is $1,610, according to new data from Zumper.

Apartments at near 10th Avenue and Ash Street. Oct. 14, 2021.

Apartments at near 10th Avenue and Ash Street. Oct. 14, 2021.

Kevin J. Beaty/Denverite
kyle harris

As of January, Denver’s median rent for a one-bedroom had risen 15%, to $1,610, over the past 12 months, according to new data from the online apartment source Zumper’s latest rent report. Two bedrooms were up to $2,210.

Cold comfort: The price of an apartment actually went down around .5% from December to January. That slight cooling is a typical winter-time trend.

From the third to fourth quarter last year, rent dropped 2.86%, according to the Denver Metro Area Apartment Vacancy and Rent Survey — a whopping $17.69 saved for an average one-bedroom.

Denver is the most expensive city in the metro area for one-bedroom rent and is pricier than most of Colorado, where the median one-bedroom rent was $1,441 last month. For two-bedroom rent, Boulder is slightly more expensive than Denver, at $2,240.

Boulder and Lakewood have the second priciest one-bedroom rent, at $1,580.

While Denver may be the most expensive, it’s Longmont that has the fastest growing rent over the past year. It has shot up 28.3%. Lakewood also saw a huge hike of 26.4%. But month-to-month, Thornton and Arvada are seeing the fastest rise in rent.

If you want a one bedroom under $1,000, head to Greeley, where the median one-bedroom rent is $950.

According to Zumper, the cheapest spot you can find in Denver is a $645 studio at 1944 N. Grant St. If you want it, act fast. That kind of rent is a rarity.

 

 

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