DENVER — The latest data show rents continue to decline slightly in Denver, though they’re still higher than the same time last year.
According to rental listing website ApartmentList, rents were down 0.2 percent in November for a median cost of $1,060 for a one-bedroom apartment and $1,340 for a two-bedroom.
It’s the third straight month of rent decreases in Denver but the median is still 1.9 percent higher than November 2017, according to ApartmentList. Statewide, rents are up 1.8 percent year-over-year while the national rate of increase is 1.3 percent.
Lone Tree continues to have the highest rents in the Denver metro area — it costs nearly $2,000 to rent a two-bedroom apartment there — while Wheat Ridge has the lowest median at $1,290.
Here’s how much it costs to rent a typical two-bedroom apartment in some of the metro area’s biggest cities, according to ApartmentList:
Wheat Ridge: $1,290
Lone Tree: $1,990
To read the full report, head over to apartmentlist.com.