Metro Denver rent costs have been moderating of late, particularly on a month-to-month basis. But the lingering effects of sky-high price increases over the past twelve months mean that rent in most communities remains considerably pricier than it was this time last year.
With one notable exception.
This factoid is contained within the February 2019 rent report from Zumper, which tends toward the sunny side of the street, particularly for those looking to secure a one-bedroom apartment in greater Denver.
The heftiest price bump for a one-bedroom in the metro area from month to month is the 5.4 percent rise in Arvada — and even that amount is modest compared to the double-digit increases that have been common in the Mile High City over recent years.
Better yet, the latest one-bedroom prices fell or remained flat from a monthly perspective in ten of the twelve places analyzed by Zumper. The only other price rise beyond Arvada happened in Littleton, at plus-5.1 percent.
The situation isn't quite as positive when the year-over-year numbers are crunched. The one-bedroom rents in four cities are up by more than 10 percent since February 2018, and in excess of 5 percent in five others.
As for the city in the top spot, its rent dropped 1.4 percent over the last month and is exactly the same as it was a year ago.
Continue to count down the aforementioned twelve cities, ranked by the largest to the smallest rent increase for a one-bedroom apartment over the past year.
Number 12: Arvada
Median one-bedroom rent in February 2019: $1,180
Month-to-month change: +5.4 percent
Year-to-year change: +15.7 percent
Number 11: Aurora
Median one-bedroom rent in February 2019: $1,190
Month-to-month change: -0.8 percent
Year-to-year change: +15.5 percent
Number 10: Thornton
Median one-bedroom rent in February 2019: $1,320
Month-to-month change: 0.0 percent
Year-to-year change: +13.8 percent
Number 9: Northglenn
Median one-bedroom rent in February 2019: $1,210
Month-to-month change: 0.0 percent
Year-to-year change: +13.1 percent
Number 8: Littleton
Median one-bedroom rent in February 2019: $1,450
Month-to-month change: +5.1 percent
Year-to-year change: +9.8 percent
Number 7: Castle Rock
Median one-bedroom rent in February 2019: $1,390
Month-to-month change: 0.0 percent
Year-to-year change: +9.4 percent
Number 6: Lakewood
Median one-bedroom rent in February 2019: $1,380
Month-to-month change: -2.8 percent
Year-to-year change: +8.7 percent
Number 5: Denver
Median one-bedroom rent in February 2019: $1,510
Month-to-month change: -1.3 percent
Year-to-year change: +8.6 percent
Number 4: Westminster
Median one-bedroom rent in February 2019: $1,320
Month-to-month change: 0.0 percent
Year-to-year change: +7.3 percent
Number 3: Centennial
Median one-bedroom rent in February 2019: $1,510
Month-to-month change: 0.0 percent
Year-to-year change: +4.9 percent
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Number 2: Broomfield
Median one-bedroom rent in February 2019: $1,490
Month-to-month change: -0.7 percent
Year-to-year change: +2.1 percent
Number 1: Parker
Median one-bedroom rent in February 2019: $1,380
Month-to-month change: -1.4 percent
Year-to-year change: 0.0 percent
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