Rush Realty Limited

Rents increase in Denver metro area, Denver Post reports:

"After staying flat or declining during much of the pandemic last year, apartment rents in Colorado are rapidly making up for lost ground, even in hard-hit areas like Denver, according to a monthly update from Apartment List.

“The trend in Colorado appears consistent with what we’re seeing across the country: Rents rising everywhere at the moment, but big cities are still recovering from 2020 price drops while many smaller cities experienced positive growth through much of last year as well as this year,” said Rob Warnock, a senior research associate with the San Francisco-based portal for apartment listings.

After declining in January, apartment rents have been rising in the city of Denver for the past five months, including a whopping 3% increase between May and June which helped push the year-over-year gain to 5.8% and the gain since the pandemic started to 3.2% Median rents in Denver stand at $1,390 for a one-bedroom apartment and $1,700 for a two-bedroom."
From The Denver Post, July 9, 2021