Once again, there's good news and bad news in Zumper's latest report about rent prices in Denver, this one focusing on the fall of 2017. The good news is that the average cost of renting a one-bedroom apartment in the ten most expensive Denver neighborhoods right now is typically down from the levels we documented in our spring and summer roundups. The bad news is that median rent for a one-bedroom in the most sought-after location is up by more than $100, bringing the cost to a jaw-slackening $2,000 per month.
The rental market in the Mile High City is clearly volatile at present. Note that by Zumper's calculations, the average price for a one-bedroom in Athmar Park ($1,100) and Capitol Hill ($1,275) are both up around 12 percent.
In contrast, median one-bedroom rent has dipped more than 10 percent in Berkeley ($1,200) and Sunnyside ($1,175). And one-bedrooms in four of the ten most expensive neighborhoods has tumbled by more than a Franklin in the last three months.
Below, we've got photo-illustrated facts and figures for the Denver neighborhoods with the most expensive rent this fall, with direct comparisons to the data from this spring and summer. Continue for the sometimes good/sometimes bad news.
Number 10: Stapleton
Average rent for a one-bedroom apartment in Spring 2017: $1,400
Average rent for a one-bedroom apartment in Summer 2017: $1,439
Average rent for a one-bedroom apartment in Fall 2017: $1,470
Increase/decrease: +$70 (Spring), +$31 (Summer)
Number 9: Lincoln Park
Average rent for a one-bedroom apartment in Spring 2017: $1,490
Average rent for a one-bedroom apartment in Summer 2017: $1,600
Average rent for a one-bedroom apartment in Fall 2017: $1,500
Increase/decrease: +$10 (Spring), -$100 (Summer)
Number 7 (tie): Cherry Creek
Average rent for a one-bedroom apartment in Spring 2017: $1,700
Average rent for a one-bedroom apartment in Summer 2017: $1,669
Average rent for a one-bedroom apartment in Fall 2017: $1,550
Increase/decrease: -$150 (Spring), -$119 (Summer)
Number 7 (tie): Baker
Average rent for a one-bedroom apartment in Spring 2017: $1,500
Average rent for a one-bedroom apartment in Summer 2017: $1,694
Average rent for a one-bedroom apartment in Fall 2017: $1,550
Increase/decrease: +$50 (Spring), -$144 (Summer)
Number 6: Five Points
Average rent for a one-bedroom apartment in Spring 2017: $1,590
Average rent for a one-bedroom apartment in Summer 2017: $1,640
Average rent for a one-bedroom apartment in Fall 2017: $1,600
Increase/decrease: +$10 (Spring), -$40 (Summer)
Number 5: Highland
Average rent for a one-bedroom apartment in Spring 2017: $1,575
Average rent for a one-bedroom apartment in Summer 2017: $1,761
Average rent for a one-bedroom apartment in Fall 2017: $1,660
Increase/decrease: +$85 (Spring), -$101 (Summer)
Number 4: LoDo
Average rent for a one-bedroom apartment in Spring 2017: $1,870
Average rent for a one-bedroom apartment in Summer 2017: $1,716
Average rent for a one-bedroom apartment in Fall 2017: $1,750
Increase/decrease: -$120 (Spring), +$34 (Summer)
Number 3: Belcaro
Average rent for a one-bedroom apartment in Spring 2017: $1,750
Average rent for a one-bedroom apartment in Summer 2017: $1,926
Average rent for a one-bedroom apartment in Fall 2017: $1,800
Increase/decrease: +$50 (Spring), -$126 (Summer)
Number 2: Golden Triangle
Average rent for a one-bedroom apartment in Spring 2017: $2,090
Average rent for a one-bedroom apartment in Summer 2017: $1,958
Average rent for a one-bedroom apartment in Fall 2017: $2,000
Increase/decrease: -$90 (Spring), +$42 (Summer)
Number 1: Central Business District
Average rent for a one-bedroom apartment in Spring 2017: $1,950
Average rent for a one-bedroom apartment in Summer 2017: $1,898
Average rent for a one-bedroom apartment in Fall 2017: $2,000
Increase/decrease: +$50 (Spring), +$102 (Summer)