DENVER – The Mile High City saw its sixth straight month of rising rents in July.
Overall, the cost of renting in Denver was up 1.2 percent last month, according to the latest data from ApartmentList. That puts the median cost of a 1-bedroom rental at $1,060 and a 2-bedroom rents for $1,350.
Since July 2016, rents have climbed 2.7 percent overall, despite a slight dip in January.
Though Denver continues to see steady increases, its rate of growth isn’t nearly as fast as some other major cities. Seattle, for example, saw rent increases of more than 5.5 percent in July.
Denver continues to have the lowest median rent in the metro area, according to ApartmentList’s data. Lone Tree has the highest rents, with a median of $2,020 for a 2-bedroom apartment or house.
Statewide, the median rent for a 2-bedroom unit was up 1.1 percent to $1,290 last month. Year-over-year, rents are up 3.7 percent.
To read the full report, head over to apartmentlist.com.
