Economy & Economic Development  February 1, 2016

Boulder apartment rents stay on top as state’s rates taper

Although Colorado’s growth in apartment-rental cost has tapered off recently, it still is pricier than national averages, according to a report released Monday by San Francisco-based Apartment List — and Boulder remains the priciest.

The median monthly rent for a two-bedroom apartment in Boulder was $1,900, and one-bedroom units were averaging $1,560, according to the report. It noted that Boulder rents have increased 2.7 percent in the past year. The city ranked 10th in the report for annual rental growth, behind first-place Westminster at 14.5 percent.

Fort Collins recorded a $1,380 median price for a two-bedroom apartment. Its 3.9 percent increase from January 2015 ranked it ninth for rental growth. Although that rate outpaces national averages, it’s still well below the statewide average of 6.2 percent, according to Apartment List.

Median monthly rents for one- and two-bedroom apartments in other area cities for January included $1,440 and $1,650 in Broomfield, $840 and $990 in Greeley, $1,060 and $1,350 in Longmont, and $1,040 and $1,170 in Loveland.

Although Colorado’s growth in apartment-rental cost has tapered off recently, it still is pricier than national averages, according to a report released Monday by San Francisco-based Apartment List — and Boulder remains the priciest.

The median monthly rent for a two-bedroom apartment in Boulder was $1,900, and one-bedroom units were averaging $1,560, according to the report. It noted that Boulder rents have increased 2.7 percent in the past year. The city ranked 10th in the report for annual rental growth, behind first-place Westminster at 14.5 percent.

Fort Collins recorded a $1,380 median price for a two-bedroom apartment. Its 3.9 percent increase from January…

Dallas Heltzell
With BizWest since 2012 and in Colorado since 1979, Dallas worked at the Longmont Times-Call, Colorado Springs Gazette, Denver Post and Public News Service. A Missouri native and Mizzou School of Journalism grad, Dallas started as a sports writer and outdoor columnist at the St. Charles (Mo.) Banner-News, then went to the St. Louis Post-Dispatch before fleeing the heat and humidity for the Rockies. He especially loves covering our mountain communities.
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