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.
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.