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Report: Denver rents up slightly in August, but remain steady

Posted at 11:58 AM, Sep 06, 2018
and last updated 2018-09-06 13:58:26-04

DENVER — As we move out of the summer months, a typically busy season for apartment hunters, and into the fall, we’re greeted with news from ApartmentList data that Denver rents have increased slightly over the past month, but have remained steady. 

Rent prices in Denver went up at a rate of 0.2 percent in August, according to data from rental listing website. But rates have been relatively flat at 0.1 percent in comparison to the same time last year, the report read. 

Currently, median rents in Denver stand at $1,070 for a one-bedroom apartment and $1,350 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in January. 

While rents may have remained steady in Denver proper, it’s a different story for cities across the metro area. Rents have risen in 8 of the largest 10 cities in the Denver metro.

Here are highlights from the ApartmentList report:

  • Parker has the most expensive rents in the Denver metro, with a two-bedroom median of $1,880; the city has also seen rent growth of 0.9% over the past month, the fastest in the metro.
  • Over the past year, Aurora has seen the biggest rent drop in the metro, with a decline of 0.8%. Median two-bedrooms there cost $1,560, while one-bedrooms go for $1,240.
  • Denver proper has the least expensive rents in the Denver metro, with a two-bedroom median of $1,350; rents increased 0.2% over the past month but remained flat year-over-year.