Proof That Size (and Height) Matter When It Comes to Denver Rent Prices

Additional images and more below.
Additional images and more below.

Denver rent isn't cheap — but at least the prices are beginning to level off.

That's the overall message delivered in the Apartment Association of Metro Denver's report about apartment and rental rates in the Mile High City during the fourth quarter of 2015.

According to the massive survey, vacancy rates increased in every county surveyed during that period, while average and per-square-foot rental prices leveled off and median rents actually went down.

Drilling deeper into the numbers reveals even more about rent variation even within the same community, depending upon the size of the building in question. As you'll see, there are significant price swings for places with six units or fewer, those boasting between seven and 36 units, ones featuring more than 37 units and, especially, structures that are five stories tall or higher.

Below, see how building size correlates to price in eleven parts of Denver — from northwest to southeast and everything in between — when it comes to efficiencies, one bedrooms, two bedrooms with either one or two baths, or three bedroom apartments, plus an overall average. 

Proof That Size (and Height) Matter When It Comes to Denver Rent Prices
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Central/Capitol Hill

Efficiency:

Up to 6 units: $750

7 to 36 units: $845.76

37 units and above: $963.41

Five stories and above: $1,204.04

Average rent: $928.15

1 Bedroom:

Up to 6 units: $833.57

7 to 36 units: $1,066.13

37 units and above: $1,303.09

Five stories and above: $1,418.36

Average rent: $1,190.80

2 Bedroom, 1 Bath:

Up to 6 units: $1,200

7 to 36 units: $1,363.21

37 units and above: $1,871.08

Five stories and above: $2,053.16

Average rent: $1,644.29

2 Bedroom, 2 Bath:

Up to 6 units: N/A

7 to 36 units: $1,269.85

37 units and above: $1,959.22

Five stories and above: $2,006.07

Average rent: $1,915.22

3 Bedroom:

Up to 6 units: $1,257.50

7 to 36 units: $1,572.50

37 units and above: $3,304.79

Five stories and above: $3,676.11

Average rent: $2,709.97

Other:

Up to 6 units: N/A

7 to 36 units: $1,605

37 units and above: $1,500

Five stories and above: $,1500

Average rent: $1,509.55

All:

Up to 6 units: $936.36

7 to 36 units: $1,068.97

37 units and above: $1,443.02

Five stories and above: $1,643.49

Average rent: $1,303.67

Proof That Size (and Height) Matter When It Comes to Denver Rent Prices
YouTube file photo

Downtown

Efficiency:

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Up to 6 units: N/A

7 to 36 units: $725

37 units and above: $1,320.45

Five stories and above: $1,467.09

Average rent: $1,306.74

1 Bedroom:

Up to 6 units: N/A

7 to 36 units: $1,186.21

37 units and above: $1,620

Five stories and above: $1,716.17

Average rent: $1,614.23

2 Bedroom, 1 Bath:

Up to 6 units: N/A

7 to 36 units: $1,713

37 units and above: $1,570.59

Five stories and above: $1,686.91

Average rent: $1,576.59

2 Bedroom, 2 Bath:

Up to 6 units: N/A

7 to 36 units: N/A

37 units and above: $2,190.23

Five stories and above: $2,262.91

Average rent: $2,190.23

3 Bedroom:

Up to 6 units: N/A

7 to 36 units: N/A

37 units and above: $2,995.24

Five stories and above: $3,135.14

Average rent: $2,995.24

Other:

Up to 6 units: N/A

7 to 36 units: N/A

37 units and above: $2,590.15

Five stories and above: $2,538.60

Average rent: $2,590.15

All:

Up to 6 units: N/A

7 to 36 units: $1,068.97

37 units and above: $1,738.92

Five stories and above: $1,841.14

Average rent: $1,730.65

East Central/Lowry

Efficiency:

Up to 6 units: N/A

7 to 36 units: $917.50

37 units and above: $913.09

Five stories and above: $963.40

Average rent: $914.47

1 Bedroom:

Up to 6 units: $881.25

7 to 36 units: $1,062.41

37 units and above: $915.76

Five stories and above: $930.05

Average rent: $927.24

2 Bedroom, 1 Bath:

Up to 6 units: N/A.

7 to 36 units: $1,307.50

37 units and above: $1,180.54

Five stories and above: $1,185.17

Average rent: $1,118.43

2 Bedroom, 2 Bath:

Up to 6 units: N/A

7 to 36 units: N/A

37 units and above: $1,305.12

Five stories and above: $850

Average rent: $1,305.12

3 Bedroom:

Up to 6 units: N/A

7 to 36 units: N/A

37 units and above: $1,738.60

Five stories and above: $980

Average rent: $1,738.60

Other:

Up to 6 units: N/A

7 to 36 units: N/A

37 units and above: $1,671

Five stories and above: N/A

Average rent: $1,671

All:

Up to 6 units: $881.25

7 to 36 units: $1,022.93

37 units and above: $1,091.51

Five stories and above: $1,012.04

Average rent: $1,086.40


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