DENVER – The cost of renting in Denver has dropped for the second month in a row.
That’s according to the latest data from rental listing site ApartmentList. It found that Denver rents dropped nearly 1 percent in October to a median cost of $1,050 per month for a one-bedroom unit and $1,330 for a two-bedroom.
While prices have dipped in the past two months, rents are up by 2 percent compared to the same time last year. That’s actually lower than the state average of 3 percent and the U.S. average of 2.7 percent.
Lone Tree, which has the most expensive rents in the metro, also saw the biggest decreases last month with rents down 1.7 percent.
ApartmentList’s data show Denver continues to have the lowest median two-bedroom rent in the metro area: