DENVER – The last four months of 2017 saw declines in rent prices in Denver but rents were up overall for the year, according to the latest numbers from ApartmentList.
The median cost of a two-bedroom rental in Denver dropped slightly to $1,310 in December. That’s down from $1,320 in November. A one-bedroom rents for $1,030.
Compared to the same time last year, Denver rents are up 1.6 percent. That’s actually behind the national and statewide averages, both of which were 2.7 percent for the year.
Despite the increase, Denver actually remains one of the more affordable cities in the metro area and also ranked among the smallest increases. Broomfield, which had a median two-bedroom rent of $1,640 in December, saw the steepest rent increases -- 5.8 percent year-over-year.
Here’s how the metro area’s 10 biggest cities compare on rent increases:
Broomfield: Up 5.8 percent Golden: Up 4.6 percent Aurora: Up 4.1 percent Westminster: Up 3.2 percent Arvada: Up 3.0 percent Littleton: Up 2.2 percent Thornton: Up 1.8 percent Denver: Up 1.6 percent Englewood: Up 0.8 percent Lone Tree: Up 0.8 percent
Some U.S. cities that saw steeper rent increases in 2017 include Phoenix (up 3.9 percent), Los Angeles (up 3.8 percent) and San Diego (up 3.4 percent).