Region’s apartment rents resume climb

Apartment rental rates in Colorado are back on the rise after a brief decline, and up 4.8 percent over last year, according to the May report from San Francisco-based Apartment List.

Boulder continues to be Colorado’s most expensive city for renters, with a median two-bedroom monthly rent price of $1,830 while one-bedroom units are going for $1,460 a month. Rents there have increased 5.6 percent over the same month last year, the researchers said, placing the city sixth in overall rent growth.

Fort Collins recorded a median price of $1,330 for a two-bedroom apartment. Its 1.6 percent increase over the same month in 2015 ranked 10th in the state.

Median rents for a two-bedroom apartment rose in May to $1,660 in Broomfield, $1,100 in Longmont, $1,000 in Loveland and $980 in Greeley.

Apartment List gathers its data from the several hundred thousand listings on its website.

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.