Business

Denver Rent Up 48 Percent Since 2010, Only the Bay Area Is Worse

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As you can see, Denver/Boulder rents actually went down as a result of greater apartment availability, and the 91.3 occupancy figure suggested that there was room for further declines. But that's not the way things worked out. According to Zumper, Denver rent increases in 2017 were far worse than most observers expected, with the median charge for a one-bedroom apartment going up 15.6 percent on a year-to-year basis — the third-most by percentage of 100 cities analyzed.

The RealPage.com data offers more confirmation of the situation. And while a report from California's CoreLogic suggests that home prices in Denver may finally be about to fall — a scenario that could have a ripple effect on rent — it hasn't happened yet.

Continue to see the ten rent-growth leaders from 2010-2017:

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1. San Jose
Rent change since 2010: 52.4 percent
Effective rents 4Q 2017: $2,680


2. Oakland
Rent change since 2010: 51.1 percent
Effective rents 4Q 2017: $2,259


3. San Francisco
Rent change since 2010: 48.6 percent
Effective rents 4Q 2017: $3,288


4. Denver
Rent change since 2010: 48.3 percent
Effective rents 4Q 2017: $1,401

5. Portland
Rent change since 2010: 45.5 percent
Effective rents 4Q 2017: $1,327


6. Seattle
Rent change since 2010: 43.6 percent
Effective rents 4Q 2017: $1,725


7. Sacramento
Rent change since 2010: 41.0 percent
Effective rents 4Q 2017: $1,359


8. Nashville
Rent change since 2010: 37.4 percent
Effective rents 4Q 2017: $1,116


9. Fort Worth
Rent change since 2010: 35.8 percent
Effective rents 4Q 2017: $995


10. Atlanta
Rent change since 2010: 34.7 percent
Effective rents 4Q 2017: $1,144

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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