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The Ten Most-Expensive Denver Neighborhoods to Rent a Two-Bedroom Apartment

Last week, we shared data from ApartmentList.com showing that Denver rent prices are increasing 3.4 times faster than the national average. But the site has shared plenty of other information about renting in the area, too, including a list of the ten most-expensive Denver neighborhoods when it comes to renting a two-bedroom apartment as of December 2014. We've collected the findings here, supplemented by maps and additional ApartmentList.com text. Count down all ten neighborhoods below -- and to see the original post, click here.

See also: Denver Rent Prices Increasing 3.4 Times Faster Than National Average, Site Says

Number 10: Windsor neighborhood

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Click to enlarge.

Average rent for a two-bedroom apartment circa December 2014: $1,110

Windsor is the cheapest neighborhood in the city of Denver, though a 2 bedroom still runs 17 percent above national averages. Prices stayed flat at $1110 in December.

Number 9: Hampden South neighborhood

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Click to enlarge.

Average rent for a two-bedroom apartment circa December 2014: $1,310

Four Denver suburbs have rents that average between $1200 and $1300 per month for 2 bedrooms: Centennial ($1280), Littleton ($1250), Westminster ($1220) and Thornton ($1210). Prices in those four cities are also among the fast-growing in the metro area, with Centennial marking the biggest spike since 2013 at 13.6%.

Continue to keep counting down the ten most-expensive neighborhoods in which to rent a two-bedroom apartment. Number 8: Marston neighborhood

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Click to enlarge.

Average rent for a two-bedroom apartment circa December 2014: $1,330

The most affordable major city in the Denver metro area is Arvada. Rent for a 1 bedroom averaged $890 in December, while 2 bedrooms averaged $1050. While 2 bedroom prices rose 6.7% since last year, average rates for 1 bedrooms in Colorado's seventh-largest city jumped faster than in any other Denver suburb, up 14.3%.

Number 7: Southmoor Park neighborhood

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Click to enlarge.

Average rent for a two-bedroom apartment circa December 2014: $1,490

Most Denver neighborhoods saw prices rise slightly or stay flat from November to December. Southmoor Park, however, saw a 6.1% drop, though the $1490 average for a 2 bedroom is still well above city, metro and national averages.

Continue to keep counting down the ten most-expensive neighborhoods in which to rent a two-bedroom apartment. Number 6: Lowry Field neighborhood

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Click to enlarge.

Average rent for a two-bedroom apartment circa December 2014:$1,540

Broomfield is Denver's most expensive major suburb, with 1 bedrooms averaging $1260 and 2 bedrooms averaging $1510. The technology-focused city also saw the area's slowest year-over-year growth, however, with prices up just 3.5% from this time last year.

Number 5: Capitol Hill neighborhood

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Click to enlarge.

Average rent for a two-bedroom apartment circa December 2014: $1,730

December rent for a 1 bedroom unit in the city of Denver averaged $1040, while 2 bedroom rents averaged $1390. This makes Denver the 11th most expensive major US city, with an average 2 bedroom price that's 46% above the national average. Across the Denver metro area, average rents were $960 for a 1 bedroom and $1220 for a 2 bedroom, with renters paying a moderate premium to be in Denver proper.

Continue to keep counting down the ten most-expensive neighborhoods in which to rent a two-bedroom apartment. Number 4: Five Points neighborhood

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Click to enlarge.

Average rent for a two-bedroom apartment circa December 2014: $2,000

Rent in the Denver metro area has exploded over the past year. While national averages for a 2 bedroom unit are up 2.8% from December 2013, prices in the Denver metro have jumped 9.6% since last year. That growth far outpaces other major metro areas, with no signs of slowing down.

Number 3: Highland neighborhood

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Click to enlarge.

Average rent for a two-bedroom apartment circa December 2014: $2,100

All nine of Denver's top suburbs have rents above the national average, with that gap growing each month.

Continue to keep counting down the ten most-expensive neighborhoods in which to rent a two-bedroom apartment. Number 2: Central Business District neighborhood

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Click to enlarge.

Average rent for a two-bedroom apartment circa December 2014: $2,150

Methodology: Apartment List RPM data is drawn from several hundred thousand monthly listings on our site. All average prices are calculated as the median for the specified size and time period. For top city rankings, we calculated median 1 bedroom and 2 bedroom rents in 100 top cities and then ranked them by 2 bedroom rents. Price changes are calculated using a "same unit" methodology similar to the Case-Shiller "repeat sales" home prices methodology, and averages are not value weighted.

Number 1: Lower Downtown neighborhood

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Click to enlarge.

Average rent for a two-bedroom apartment circa December 2014: $2,790

Denver's most historic neighborhood is also its most expensive. LoDo, or the Lower Downtown Historic District, averages $1870 for a 1 bedroom and $2,790 for a 2 bedroom. That's more than double the city's average 2-bedroom price.

Send your story tips to the author, Michael Roberts.

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