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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.

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.

Denver Rent Prices Are Increasing

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%