Denver Metro Rent Report November 2022 Update

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The November rent report of List of apartments continues a recent trend, with prices falling slightly across most of metro Denver after a long period of skyrocketing spikes. But two Denver-Boulder communities are still seeing rent increases — one a city that’s among the most affordable along the Urban Corridor, the other considerably more expensive.

Within the city limits of Denver, the median monthly rent fell 1% in October, the most recent month for which statistics are available, after a drop of 0.2 in September that halted increases seen during of the first eight months of 2022.

While Denver’s median October one-bedroom rent of $1,420 was still 2.4% higher than it was this time last year, that was a major improvement over at July costs (8.8% more), for example. Additionally, the city’s current annual increase is lower than that of Colorado as a whole (4.1%) and the United States as a whole (5.7%). And only one of the fifteen Denver-Boulder cities tracked by Apartment List had lower annual rent growth than Denver: Parker at 2.1%.

Annual rent increases in the remaining cities ranged from a low of 2.6% in Broomfield to a high of 7.5% in Lone Tree, which also saw the highest monthly rent increase, 2.1%, as well as the most expensive median price for two bedrooms. tag, $2,370. The only other place to register an increase was Wheat Ridge, climbing 0.7% in October. Still, the median one-bedroom rent in Wheat Ridge was $1,160, tied with Englewood for the most economical location in greater Denver.

Here is the full recap:

Not on this list is Boulder, the subject of own apartment listing rental report – and the latest statistics show median rent prices fell 1.4% in the latest roundup, after remaining flat the previous month. The median price for one bedroom rose from $1,534 to $1,506 and the median price for two bedrooms rose from $1,946 to $1,919.

This translates to monthly savings of $28 and $27 and an annual break of over $300 for the two bedroom Boulder. And less than a year after the Marshall Fire destroyed more than 1,000 residential structures in Boulder County, every dollar counts.

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