DENVER – The cost of rental housing in Denver continued its upward climb last month.
Online rental listing service ApartmentList reports rents increased by 0.7 percent in April.
While that is slightly lower than the rate of increase we saw the month before, the median price of a 2-bedroom unit jumped by $110 in April to $1,840. Median rent for a 1-bedroom was up $30 to $1,410.
Compared to the same time last year, Denver rent prices are up 2.3 percent overall.
Five Points continues to see the highest rents and the biggest increases in Denver, according to ApartmentList. The median rent in that neighborhood was up 3.2 percent month-over-month to a cost of $1,580 for a 1-bedroom unit and $2,120 for a 2-bedroom.
See the chart below for a list of which neighborhoods are the most expensive for renters:
For more information, log on to apartmentlist.com.