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.
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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.
