One example: Rent for the average two-bedroom apartment in Denver proper leaped up $100 in a month and is now well over $2,000.
The bad news is delivered in Zumper's July 2018 report, which reveals that the median rent in the state of Colorado as a whole for all apartments, no matter the number of bedrooms, was $1,260 — up $36 from the previous month.
Finding a place under that price point in metro Denver can be difficult. Median one-bedrooms in Arvada ($1,100), Northglenn (also $1,100), Aurora ($1,150) and Thornton ($1,240) qualify, but similar layouts in Denver and seven other nearby communities don't. And the least expensive two-bedroom among twelve metro-area bergs is nearly $200 above the $1,260 mark.
Even more concerning: The average rent for a two-bedroom went down in just two of twelve places analyzed by Zumper on a month-to-month basis and just one year over year. In addition, double-digit increases were registered by four metro cities, with the biggest — 15.60 percent — occurring in Denver.
See just how bad things have gotten by counting down the dozen metro-area municipalities, ordered by median price for a two-bedroom apartment.
Median two-bedroom price: $1,440
Month-to-month change: 5.10 percent
Year-to-year change: 1.40 percent
Number 11: Aurora
Median two-bedroom price: $1,470
Month-to-month change: 1.40 percent
Year-to-year change: 7.30 percent
Number 10: Thornton
Median two-bedroom price: $1,510
Month-to-month change: 4.90 percent
Year-to-year change: 14.40 percent
Number 9: Arvada
Median two-bedroom price: $1,520
Month-to-month change: 4.80 percent
Year-to-year change: 7.00 percent
Median two-bedroom price: $1,503
Month-to-month change: 2.00 percent
Year-to-year change: 5.50 percent
Number 7: Westminster
Median two-bedroom price: $1,560
Month-to-month change: -3.10 percent
Year-to-year change: 14.70 percent