DENVER – The cost of renting in Denver appears to be on the rise once again, according to a new report from ApartmentList.
Similar reports found slight decreases in rent prices at the end of 2016.
By analyzing its rental listings, ApartmentList found median rents in Denver increased 0.5% in January to $1,350 for a 1-bedroom unit and $1,740 for a 2-bedroom.
Those prices are 1.1 percent higher than they were at this time last year, signaling that the upward trend isn’t over just yet.
ApartmentList said some neighborhoods are seeing steeper increases than the city as a whole. Rents in the Highland area, for example, have jumped up 6.4 percent in the past year to a median of $1,690 for a 1-bedroom. Virginia Village saw the biggest increase at 7.9 percent.
Compare that to University Hills, which has seen a decrease of 4.6 percent in the past 12 months. A typical 1-bedroom unit there will run you just over $1,000 a month.
Read more, including data for other cities, at apartmentlist.com.