Rent prices in Denver and throughout the metro area are up over the past month, according to the April report from Apartment List. But while rents in specific Denver neighborhoods aren't exactly cheap, the majority of those spotlighted in the report are actually lower than they were just over a year ago.
According to Apartment List, Denver rents as a whole have gone up by 0.8 percent since last month and are 1 percent higher than at this time last year. The median rent for a one-bedroom apartment is $1,380, while the average two-bedroom goes for $1,730.
Even pricier are rents in Highlands Ranch, which sports the highest rent prices in the metro area. Median rent there is $1,480 for one-bedrooms and $1,850 for two-bedrooms. The rent costs in the Ranch are up 2.2 percent over last month and a gag-inducing 17 percent since this time last year.
The news is better from neighborhood to neighborhood in Denver proper. Six of the ten Denver neighborhoods included in Apartment List's April 2017 survey also appear in "Most Expensive Denver Neighborhoods to Rent a Two-Bedroom This Month," which we originally published in March 2016. In each case, the costs now are lower than they were thirteen months ago — sometimes by just $10, other times by hundreds.
Continue to count down the current median prices for two-bedrooms in ten Denver neighborhoods, juxtaposed when applicable with rents in March 2016.
Number 10: Virginia Village
Average median rent for a two-bedroom apartment in April 2017: $1,380
Median rent for a two-bedroom apartment in March 2016: $1,430
Number 9: Hampden
Average median rent for a two-bedroom apartment in April 2017: $1,400
Median rent for a two-bedroom apartment in March 2016: $1,430
Number 8: Windsor
Average median rent for a two-bedroom apartment in April 2017: $1,480
Number 7: Montbello
Average median rent for a two-bedroom apartment in April 2017: $1,500
Number 6 (tie): University Hills
Average median rent for a two-bedroom apartment in April 2017: $1,600
Number 6 (tie): Capitol Hill
Average median rent for a two-bedroom apartment in April 2017: $1,600
Median rent for a two-bedroom apartment in March 2016: $1,960
Continue to see the median two-bedroom rents for the ten priciest Denver neighborhoods listed in the April report from Apartment List.
Number 4: Lowry Field
Average median rent for a two-bedroom apartment in April 2017: $1,640
Median rent for a two-bedroom apartment in March 2016: $1,650
Number 3: Speer
Average median rent for a two-bedroom apartment in April 2017: $1,670
Number 2: Hampden South
Average median rent for a two-bedroom apartment in April 2017: $1,680
Median rent for a two-bedroom apartment in March 2016: $1,690
Number 1: Five Points
Average median rent for a two-bedroom apartment in April 2017: $2,130
Median rent for a two-bedroom apartment in March 2016: $2,350