24 Cheap Apartments for rent in Longmont, CO

Last updated November 19 at 3:51pm UTC
Results within 20 miles of Longmont, CO
Timber Lodge
1769 Coronado Pkwy N
Thornton, CO
Updated November 19 at 2:41pm UTC
Studio
Ask
1 Bedroom
$920
2 Bedrooms
$1,165
Bridge Square Apartments
90 S 18th Ave
Brighton, CO
Updated November 16 at 7:53pm UTC
1 Bedroom
$976
2 Bedrooms
$1,152
1158 W 132nd Pl
Northeast Westminster
Denver, CO
Updated November 19 at 10:19am UTC
4 Bedrooms
$1,000
1101 Emigh St
Highlander Heights
Fort Collins, CO
Updated November 11 at 10:36am UTC
1 Bedroom
$800
1810 17th St
Greeley
Greeley, CO
Updated October 21 at 4:07am UTC
1 Bedroom
$750
332 W Myrtle St
Old Town West
Fort Collins, CO
Updated November 17 at 11:02am UTC
1 Bedroom
$925
6815 W 24th Ave
Edgewood
Edgewater, CO
Updated November 16 at 12:25pm UTC
1 Bedroom
$995
Birch St
Park Hill
Denver, CO
Updated November 17 at 8:24am UTC
1 Bedroom
$900
1937 Warren #306
Longmont
Longmont, CO
Updated November 10 at 11:32am UTC
1 Bedroom
$895
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November 2017 Longmont Rent Report

Welcome to the November 2017 Longmont Rent Report. Longmont rents declined over the past month. In this report, we'll evaluate trends in the Longmont rental market, including comparisons to cities throughout the state and nation.

View full Longmont Rent Report
Rent Report
Longmont

November 2017 Longmont Rent Report

Welcome to the November 2017 Longmont Rent Report. Longmont rents declined over the past month. In this report, we'll evaluate trends in the Longmont rental market, including comparisons to cities throughout the state and nation.

Longmont rents declined significantly over the past month

Longmont rents have declined 0.4% over the past month, but have been relatively flat at 0.4% in comparison to the same time last year. Currently, median rents in Longmont stand at $1,040 for a one-bedroom apartment and $1,270 for a two-bedroom. Longmont's year-over-year rent growth lags the state average of 3.0%, as well as the national average of 2.7%.

Rents rising across cities in Colorado

Throughout the past year, rents have remained steady in the city of Longmont, but other cities across the entire state have seen rents increase. Of the largest 10 cities that we have data for in Colorado, all of them have seen prices rise. The state as a whole logged rent growth of 3.0% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Thornton is the most expensive of all Colorado's major cities, with a median two-bedroom rent of $1,810; of the 10 largest Colorado cities that we have data for, all have seen rents rise year-over-year, with Aurora experiencing the fastest growth (+5.1%).
  • Colorado Springs, Arvada, and Thornton have all experienced year-over-year growth above the state average (4.7%, 3.7%, and 3.4%, respectively).

Longmont rents more affordable than many large cities nationwide

Rent growth in Longmont has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Longmont is still more affordable than most large cities across the country.

  • Longmont's median two-bedroom rent of $1,270 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the stagnant growth in Longmont.
  • While rents in Longmont remained moderately stable this year, similar cities saw decreases, including DC (-0.6%), New York (-0.2%), Miami (-0.2%); note that median 2BR rents in these cities go for $1,540, $2,490, and $1,350 respectively.
  • Renters will find more reasonable prices in Longmont than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly two-and-a-half times the price in Longmont.

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.

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.