Highest Rents Recorded in Boulder and Fastest Rent Growth in Greeley
RENTCafé.com, a nationwide apartment search website and a part of Yardi, recently released its monthly rent report with data compiled from actual rents charged in the 260 largest U.S. cities.
Here are the highlights for the state of Colorado:
- Slightly above the national average of $1,442, rents in Denver reached $1,633 this past month. Renting an apartment here cost $23 more on average than it did in April.
- Boulder recorded the highest apartment prices among the cities we studied in Colorado, $1,953 on average. At the other end of the spectrum we have Colorado Springs with $1,140 for the month of May.
- The fastest growing rents were in Greeley where prices went up by 6 percent since this time last year and reached $1,184. However, this is still the second-lowest average rent among the cities we studied in Colorado.
- Fort Collins saw the slowest growing apartment prices in May. Compared to this time last year, rents here increased by as little as 1 percent, reaching $1,522 on average.
To see how other U.S. cities fared rent-wise, you can read the full report here.