Median rent in the City of Denver is $1,568 -- $1,399 for one bedrooms and $1,730 for two bedrooms, according to online rental market Apartment List's latest rent report.
The price of rent increased .8% month over month and year over year, the 27th fastest-growing rent in the nation
While the cost of rent is growing, the growth has slowed down -- and it's slightly lower than in Colorado, where it's risen by 1.4% and nationally where it's up by 1.7%.
Turns out, in the metro, Denver is a deal.
"If we expand our view to the wider Denver metro area, the median rent is $1,717 meaning that the median price in Denver proper ($1,568) is 8.7% lower than the price across the metro as a whole," according to the report. "Metro-wide annual rent growth stands at 1.6%, above the rate of rent growth within just the city."
Highlands Ranch has the highest and fastest-growing median rent, rising a whopping 4.9% to $2,419 for a two-bedroom.
The cheapest metro one-bedroom rent can be found in Englewood, where median one-bedroom rent is $1,145. Two-bedroom apartments are cheapest in Wheat Ridge, where the median rent is $1,489.
The radical rent growth seen during the pandemic has slowed down across the country.
The highest growth was in New York City, where it was up 1.9%. The slowest was in New Orleans, where it was down 1.1%.
Irvine, California's median rent of $3,028 is the highest, and Cleveland, Ohio's median rent of $796 is the best deal nationwide.
In terms of rent, Denver is the 38th most expensive city of the hundred evaluated by Apartment List.
