The One Metro Area in Denver Where Rentals Are Decreasing


Rentals in Denver

Rent prices in metro Denver are finally starting to become balanced, but they are still up by a reasonable amount over this time last year. This tendency continues in the latest Denver rent report for September.

 

However, the prices are higher than they were twelve months earlier in all nine area communities considered. But the numbers are leveling off on a month – to – month basis, where only one of the nine experienced a rent increase of more than 1 percent since August, and costs fell in another metro place.

 

The results come from ApartmentList.com, which has twisted its methods in ways that may have impacted the latest data set. The site acknowledges that its previous approach tended to skew toward luxury apartments, and as a result, some digits may have been inflated to some degree. A new process is planned to occur in September, and it is expected to be more correct.

 

The numbers for rentals are full of surprises. For instance, Denver’s rent increase, estimated at 3%, is actually lower than the 3.8% that is registered by Colorado.

 

The graph puts Denver rent costs for a two – bedroom apartment in perspective. It is comparing them to the prices for such an area in other major American cities.

 

Rentals in Denver

 

As you can see, the median tag in Denver, while in these parts, is actually lower than in plenty of other big communities. Also, it is less than half of what renters in San Francisco are currently paying.

 

Rentals in Denver

 

 

 

In Denver, rent is up to 0.3% over last month. As pointed out above, rent costs are either rising or flat for all but one metro – area community. Let’s have a look at the latest month – to – month rent changes.

 

 

Littleton

Median one-bedroom price: $1,450

Median two-bedroom price: $1,840

Year-to-year change: +2.7%

Month-to-month change: -0.3%

 

Englewood

Median one-bedroom price: $1,210

Median two-bedroom price: $1,530

Year-to-year change: +2.8%

Month-to-month change: 0%

Westminster

Median one-bedroom price: $1,250

Median two-bedroom price: $1,580

Year-to-year change: +2.8%

Month-to-month change: 0%

 

 

Broomfield

Median one-bedroom price: $1,330

Median two-bedroom price: $1,670

Year-to-year change: +4.0%

Month-to-month change: +0.2%

 

 

Denver

Median one-bedroom price: $1,070

Median two-bedroom price: $1,350

Year-to-year change: +3.0%

Month-to-month change: +0.3%

 

 

Aurora

Median one-bedroom price: $1,250

Median two-bedroom price: $1,580

Year-to-year change: +5.8%

Month-to-month change: +0.4%

 

 

Thornton

Median one-bedroom price: $1,440

Median two-bedroom price: $1,820

Year-to-year change: +3.5%

Month-to-month change: +0.5%

 

 

Arvada

Median one-bedroom price: $1,190

Median two-bedroom price: $1,510

Year-to-year change: +4.8%

Month-to-month change: +0.7%

 

 

Lone Tree

Median one-bedroom price: $1,620

Median two-bedroom price: $2,050

Year-to-year change: +9.4%

Month-to-month change: +1.5%

 

 

 

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