Rent's up across Denver metro, with one notable exception.
reveals that the rate of the increases has slowed, however, and in one community, the cost actually went down.The recent positive signs are the first in the better part of a year. From November to December 2021, rent in the City and County of Denver dropped by 1.1 percent, more than double the 0.4 percent slide from October to November. But the decrease lagged in January, when Denver's median rent went down by only 0.
Denver's overall rent hike of 8.8 percent since this time last year is actually lower than the state average of 10 percent and the national average of 12.3 percent over the same period. And the city's increase was surpassed by all but one of the thirteen metro towns and suburbs put under Apartment List's microscope: Broomfield, at 8.6 percent. The bumps among the other twelve ranged from 9.8 percent in Wheat Ridge to 13.8 percent in Englewood.
In July, Wheat Ridge saw the only month-over-month slide, by 1.4 percent. Littleton and Broomfield saw smaller hikes than did Denver, whose 0.8 percent escalation was matched by Aurora and Arvada and exceeded by six other communities; Castle Rock's 2.4 percent led the way. In July, median rents for two-bedroom units landed at $1,780 in Denver, compared to $1,810 in Golden, $1,830 in Englewood, $1,950 in Thornton, $1,980 in Littleton, $2,090 in Castle Rock, $2,110 in Westminster, $2,150 in Broomfield, $2,240 in Parker and a gasp-inducing $2,360 in Lone Tree. In Wheat Ridge, though, the median two-bedroom went for a relatively paltry $1,460.
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