Denver has claimed the throne as the metro’s area most expensive city in which to rent a one-bedroom apartment, according to a report from real estate listing site Zumper.
Examining a collection of apartment listings that went on the market in December, Zumper staff member Crystal Chen determined that the Mile High City’s median one-bedroom rent of $1,530 per month was the highest among 12 major metro cities.
A $20-rise between November and December catapulted Denver past Broomfield and Centennial for the top spot. Broomfield, the metro area’s priciest apartment market in Zumper’s December report, saw its median asking rate fall $20 to come in third place for January at $1,500. Centennial held onto the second spot at a steady $1,510.
Lakewood, Parker and Castle Rock round out the top half of the listings. The cheapest one-bedroom places in metro Denver can be found in Arvada ($1,120 per month), Aurora ($1,200 per month) and Northglenn ($1210 per month), according to Zumper.
When it comes to adding a second bedroom, Northglenn is the cheapest city for that. Its median two-bedroom listing in December came in at $1,370. Denver holds the top spot in that category, too, at $1,950 per month.
Zumper sources data for its monthly rental reports from a combination of proprietary listings on its site and third-party listings, according to Chen. Around 3,700 listing were analyzed for the most recent Denver report.
Median rents are skewed by what is available on the market, with new apartments — many of them luxury products that carry high price tags in the Denver area — often having an outsized effect.
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