Apartment rents up in metro Denver, but price increases cooling

DENVER BUSINESS JOURNAL - The average rental rate for an apartment in metro Denver increased by 5 percent year-over-year in the third quarter to $1,368 per month, according to the latest report from the Apartment Association of Metro Denver.

But the rate of appreciation is slowing, data show. From third-quarter 2014 to 2015, the average price of an apartment in the metro area increased 12 percent, and in the same period from 2013 to 2014, rents increased 9 percent. Since third-quarter 2013, the average monthly rent in the metro area has increased 30 percent from $1,048 to $1,368.

These statistics from the Apartment Association of Metro Denver cover 118,027 apartment units in the seven-county metro area encompassing Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas and Jefferson counties and take apartments of all sizes and ages into consideration.

Read more from the Denver Business Journal: http://bizj.us/1ooxws.

© 2016 American City Business Journals.


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