Business

It's About F*cking Time: Rents Falling Across Metro Denver

File photo
As we've reported, metro Denver rent prices have been moderating of late, but as recently as August, rents were up on a month-to-month basis almost everywhere in the area. However, that's finally changed. In September, rent prices were either unchanged or down from the previous month in ten different communities in and around the Mile High City.

These results can be found in the October 2017 Denver Rent Report from ApartmentList.com. Granted, the data gathered by the site isn't all positive. On a year-to-year basis, rents are still up across Denver metro, with one community showing a whopping 7.6 percent increase from this time in 2016. That goes for Denver proper, too, where rents have risen by 2.7 percent over the past twelve months.

Moreover, rents still aren't exactly cheap. The median price for a one-bedroom in the priciest community overall is $1,600, and a two-bedroom there will cost you more than two grand.

At the same time, though, that particular Denver suburb has experienced a 1 percent decrease in rent from the previous month — the second largest over that period.

Get the details below, with the ten cities analyzed by ApartmentList.com ranked in descending order of month-to-month changes in rent prices. Which are at last headed in the right direction.

Number 10: Thornton

Median one-bedroom price: $1,440
Median two-bedroom price: $1,820
Year-to-year change: +3.5 percent
Month-to-month change: 0.0 percent


Number 9: Arvada

Median one-bedroom price: $1,190
Median two-bedroom price: $1,510
Year-to-year change: +5.0 percent
Month-to-month change: -0.1 percent


Number 8: Westminster

Median one-bedroom price: $1,250
Median two-bedroom price: $1,580
Year-to-year change: +2.6 percent
Month-to-month change: -0.2 percent


Number 7 (tie): Denver

Median one-bedroom price: $1,060
Median two-bedroom price: $1,340
Year-to-year change: +2.7 percent
Month-to-month change: -0.4 percent


Number 7 (tie): Broomfield

Median one-bedroom price: $1,320
Median two-bedroom price: $1,660
Year-to-year change: +4.5 percent
Month-to-month change: -0.4 percent


Number 5 (tie): Littleton

Median one-bedroom price: $1,440
Median two-bedroom price: $1,830
Year-to-year change: +2.3 percent
Month-to-month change: -0.5 percent


KEEP WESTWORD FREE... Since we started Westword, it has been defined as the free, independent voice of Denver, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.
Michael Roberts has written for Westword since October 1990, serving stints as music editor and media columnist. He currently covers everything from breaking news and politics to sports and stories that defy categorization.
Contact: Michael Roberts