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Denver rents hold steady in January; up 2 percent year-over-year

Posted at 6:53 AM, Feb 01, 2018
and last updated 2018-02-01 08:54:05-05

DENVER - Here's some (tentatively) good news for people feeling the pressure from rising rents in Denver: Rent prices held steady in the first month of the year.

The cost of renting remained at $1,030 for a one-bedroom apartment and $1,310 for a two-bedroom in January, according to rental listing site ApartmentList. Those prices are slightly lower than November's median rents.

While it's been a few months since the Denver area has seen an increase in median rents, prices are still up overall -- they've risen by 2.1 percent since January 2017. Statewide, rents are up by 2.7 percent.

While most cities in the metro area either held steady or saw slight decreases -- Littleton's rents actually dropped more than 1 percent in January -- Englewood saw an increase of 1.1 percent. Golden's rents also increased by nearly a percentage point.

Denver itself continues to have some of the lowest rents in the metro area. Lone Tree has the highest rents at $1,920 for a two-bedroom and $1,520 for a one-bedroom.

Here are how other metro cities compare on median two-bedroom rents:

  • Lone Tree: $1,920
  • Parker: $1,800
  • Littleton: $1,800
  • Thornton: $1,760
  • Broomfield: $1,640
  • Westminster: $1,550
  • Golden: $1,550
  • Brighton: $1,540
  • Aurora: $1,510
  • Englewood: $1,500
  • Arvada: $1,490
  • Denver: $1,310

Nationally, rents were down slightly in January but were up by 2.6 percent year-over-year. Sacramento is seeing the fastest-growing rents in the country -- rents there have increased 9.3 percent over the past year.

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