293 Luxury Apartments for rent in Denver, CO

Last updated June 18 at 6:58pm UTC
IMT Cherry Creek
4750 Cherry Creek South Dr
Denver, CO
Updated June 18 at 5:34pm UTC
1 Bedroom
$1,410
2 Bedrooms
$1,790
3 Bedrooms
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June 2018 Denver Rent Report

Welcome to the June 2018 Denver Rent Report. Denver rents increased over the past month. In this report, we'll evaluate trends in the Denver rental market, including comparisons to cities throughout the metro, state, and nation.

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Rent Report
Denver

June 2018 Denver Rent Report

Welcome to the June 2018 Denver Rent Report. Denver rents increased over the past month. In this report, we'll evaluate trends in the Denver rental market, including comparisons to cities throughout the metro, state, and nation.

Denver rents increase sharply over the past month

Denver rents have increased 0.7% over the past month, and are up slightly by 1.4% in comparison to the same time last year. Currently, median rents in Denver stand at $1,050 for a one-bedroom apartment and $1,330 for a two-bedroom. This is the fourth straight month that the city has seen rent increases after a decline in January. Denver's year-over-year rent growth lags the state and national averages, which both stand at 1.5%.

Rents rising across the Denver Metro

Throughout the past year, rent increases have been occurring not just in the city of Denver, but across the entire metro. Of the largest 10 cities that we have data for in the Denver metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Parker has the most expensive rents in the Denver metro, with a two-bedroom median of $1,860; however, the city has also seen rents fall by 0.1% over the past month, the biggest drop in the metro.
  • Castle Rock has seen the fastest rent growth in the metro, with a year-over-year increase of 6.4%. The median two-bedroom there costs $1,770, while one-bedrooms go for $1,400.
  • Denver proper has the least expensive rents in the Denver metro, with a two-bedroom median of $1,330; rents grew 0.7% over the past month and 1.4% over the past year.

Denver rents more affordable than many comparable cities nationwide

As rents have increased slightly in Denver, similar cities nationwide have seen rents grow more quickly. Denver is still more affordable than most other large cities across the country.

  • Rents increased moderately in other cities across the state, with Colorado as a whole logging rent growth of 1.5% over the past year. For example, rents have grown by 3.3% in Colorado Springs and 2.1% in Fort Collins.
  • Denver's median two-bedroom rent of $1,330 is above the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.4% rise in Denver.
  • While Denver's rents rose slightly over the past year, some cities nationwide saw decreases, including Seattle (-0.8%) and DC (-0.1%).
  • Renters will find more reasonable prices in Denver than most similar cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than twice the price in Denver.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Denver $1,050 $1,330 0.7% 1.4%
Aurora $1,220 $1,540 0.4% 1.0%
Thornton $1,450 $1,830 1.2% 0.5%
Arvada $1,210 $1,530 1.3% 4.6%
Westminster $1,250 $1,590 1.4% 2.6%
Broomfield $1,340 $1,690 1.2% 3.3%
Castle Rock $1,400 $1,770 1.1% 6.4%
Parker $1,470 $1,860 -0.1% 0.6%
Littleton $1,450 $1,840 0.9% 1.1%
Brighton $1,250 $1,590 0.2% 4.4%
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Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.