May 28, 2024

Rocky Daily News

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Front Range rents were mostly flat in April. Here’s how they changed over four years.

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Apartment rents changed little in April compared to the same time last year — at least in most Colorado communities. But the flatness comes after two years of soaring costs for renters and homebuyers. 

Over the past four years, rents in the city of Denver grew 13.8% to $1,568 by April, compared with $1,378 in April 2019. That settled down to a 0.8% annual increase this past year, or $12 more per month from a year ago. That was less than the rate of inflation and one of the lowest increases in the Front Range. 

Apartment complexes as seen on Monday, Oct. 4, 2021, in Denver’s Glendale neighborhood. (Olivia Sun, The Colorado Sun)

Areas outside of Denver experienced greater rent hikes. In Colorado Springs, rents were up 29.1% to $1,528 in the past four years, while…

Tamara Chuang

2023-05-13 07:00:00

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