Rent for High-end Buildings in Denver Increases

Leasing of Ascent Union Station, that will feature 64 luxury apartments, begins in the Autumn of 2019 [PHOTO: Greystar].

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.

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