What Size Apartment Offers the Best Deal on Rent in Denver Right Now?

5250 East Cherry Creek Drive South. Additional images below.
5250 East Cherry Creek Drive South. Additional images below.

As we know, rents in Denver have been high over the past couple of years.

Fortunately, prices have started to moderate of late — but not at the same rate for every type of place.

That's clear from the April Denver rent report by Zumper.

The site offers data for five types of rentals — studios, one-bedrooms, two-bedrooms, three-bedrooms and four-bedrooms — for around eighteen months, stretching from early November 2014 to the end of last month.

Over that span, some current average rents are close to the highest prices Zumper recorded, while others are nearer the lowest prices. Indeed, the average rent in the best category right now is just $25 more than the cheapest rent available during the last year and a half.

Count down the five types of Denver rentals below, featuring Zumper photos and data. (For even more information from Zumper, click here.) That's followed by a graphic showing how Denver compares to the cities with the highest rent nationally.

The Mile High City is far from number one — and that's certainly preferable to the alternative.

126 Garfield Street.
126 Garfield Street.

5th place: Four-bedroom apartment:

Average rent on November 1, 2014: $2,350

Highest average rent since November 1, 2014:  $2,800 (May 16, 2015)

Lowest average rent since November 1, 2014: $2,100 (March 5, 2016)

Average rent as of April 30, 2016: $2,600

Percentage increase or decrease from previous month: +13.0 percent

Current average rent compared to lowest average rent since November 1, 2014: +$500

817 17th Street.
817 17th Street.

4th place: Two-bedroom apartment:

Average rent on November 8, 2014: $1,650

Highest average rent since November 8, 2014:  $1,850 (September 19, 2015)

Lowest average rent since November 8, 2014: $1,526 (January 3, 2015)

Average rent as of April 30, 2016: $1,743

Percentage increase or decrease from previous month: -2.9 percent

Current average rent compared to lowest average rent since November 8, 2014: +$217

1755 South Beeler Street.
1755 South Beeler Street.

3rd place: Three-bedroom apartment:

Average rent on November 1, 2014: $2,050

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Highest average rent since November 1, 2014:  $2,399 (August 1, 2015)

Lowest average rent since November 1, 2014: $2,006 (January 10, 2015)

Average rent as of April 30, 2016: $2,077

Percentage increase or decrease from previous month: -0.9 percent

Current average rent compared to lowest average rent since November 1, 2014: +$71

Continue to see the size of apartments for rent in Denver that offer the best deal right now.

 

295 East Speer Boulevard.
295 East Speer Boulevard.

2nd place: Studio apartment:

Average rent on November 8, 2014: $1,115

Highest average rent since November 8, 2014:  $1,212 (November 7, 2015)

Lowest average rent since November 8, 2014: $930 (March 26, 2016)

Average rent as of April 30, 2016: $998

Percentage increase or decrease from previous month: +7.3 percent

Current average rent compared to lowest average rent since November 8, 2014: +$68

360 South Monroe Street.
360 South Monroe Street.

1st place: One-bedroom apartment:

Average rent on November 8, 2014: $1,349

Highest average rent since November 8, 2014:  $1,349 (November 8, 2014)

Lowest average rent since November 8, 2014: $1,175 (March 5, 2016)

Average rent as of April 30, 2016: $1,200

Percentage increase or decrease from previous month: -1.1 percent

Current average rent compared to lowest average rent since November 8, 2014: +$25

7355 West Grant Ranch Boulevard.
7355 West Grant Ranch Boulevard.

National rent rankings:



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