Where in metro Denver the rent news is good -- and where it's better.
. But the news for renters is even better this time around, with month-over-month prices down in the city as well as in all but one of the other dozen local communities the service tracks.Within Denver city limits, rent slid by 0.2 percent in September, following increases of 0.1 percent in August and 0.8 percent in July. The decline raises hopes that the cycle will return to the phase last seen from November to December 2021, when rent slid 1.
Granted, the median one-bedroom rent of $1,440 in Denver during September was still 4.0 percent higher than it was at this time last year. But that's a major improvement over the costs in July and August, which were 8.8 percent and 6.2 percent higher, respectively, on a year-over-year basis. Moreover, the city's current annual increase is below that of both Colorado as a whole and the United States generally .
The annual rent hikes in the remaining towns ranged from a low of 4.3 percent in Brighton to a high of 8.1 percent in both Englewood and Golden. That was the community showing the only monthly increase, 0.8 percent, on this most recent report. Meanwhile, median one-bedroom rent started at $1,180 in Englewood and topped out at $1,940 in Lone Tree. The least expensive two-bedrooms could be found in Aurora , while the spendiest were located in Lone Tree .
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