Is Denver Really One of the Ten Best Cities for Millennial Renters?

The Stapleton neighborhood. Additional photos and more below.
The Stapleton neighborhood. Additional photos and more below.
YouTube file photo

As we've documented (with help from lots of readers), Denver's rent prices are rising at a more rapid clip than most renters would like.

But while one recent survey put Denver among the twelve U.S. cities where rent has gone up the most, RealtyTrac numbers shared by MainStreet.com places Denver among the ten best U.S. cities for millennial renters.

Is there a disconnect? MainStreet's Robert McGarvey notes the contradiction — and offers an explanation for it.

Count down the photo-illustrated list below, featuring excerpts from MainStreet text.. To read the original post, which also lists the five worst cities for renters, click here.

Washington, D.C.
Washington, D.C.
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Number 10: Washington, D.C.
Tenth place was nabbed by Washington, D.C.... Average rent is $1,951, which is 34.37% of household income. Millennial population rose 30.40% in the period.

Clarksville, Tennessee.
Clarksville, Tennessee.

Number 9: Clarksville, Tennessee/Kentucky
In ninth place is a surprise — Clarksville, which straddles Tennessee and Kentucky. The fifth largest city in Tennessee, the population is around 140,000. Here’s the eye-popper: average rent for a three bedroom is $1,035, the lowest on the list....

Portland, Oregon.
Portland, Oregon.
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Number 8: Portland, Oregon
Portland, Ore. and its surrounding towns own eighth place. An average rent of just $1,391 pulls in Millennials. They are up 34.25%, and some 31% of median income goes to rent....

Nashville, Tennessee.
Nashville, Tennessee.
YouTube file photo

Number 7: Nashville, Tennessee
In seventh place is Davidson County, Tenn. — Nashville to you and me. The C & W hub draws Millennials with an average rent of $1,130, second lowest on the list....

Hoboken, New Jersey.
Hoboken, New Jersey.
YouTube file photo

Number 6: Hoboken/Jersey City/Weehawken, New Jersey
Renting in Hudson County, N.J. - directly across from Manhattan, in Hoboken, Jersey City, Weehawken, etc. — runs around 33% of median household income... Millennial population there grew by 35.67% in the 2007 to 2013 period. 



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