Rent for High-end Buildings in Denver Increases
DENVER — A recent RentCafé study shows that the number of high-end rentals increased significantly in cities across the country. The nationwide apartment search website looked at average rent prices for high-end apartments, across 30 largest US cities. The national average rent in a high-end building is around $1,640 per month.
Key findings in Denver:
- Change in Denver’s high-end rents in the last 3 years: +8.4 percent
- In Denver, the average rent for a high-end apartment is $1,756. That is $499 more than what a renter pays on a low-end apartment.
- In the past three years, all types of luxury apartments in Denver have witnessed increases in rents. The highest rental increase has been recorded for 3-bedroom apartments: up 4.20 percent in three years, increasing rent to $2,439/month.
- The city with the lowest high-end rents is El Paso, with an average of $976. At the other end of the spectrum is Manhattan, where average rents for luxury apartments are no less than $4,416.