127 Apartments under 1400 for rent in Parker, CO

Last updated August 15 at 6:21pm UTC
Briargate on Main
18931 E Briargate Ln
Parker, CO
Updated August 15 at 6:11pm UTC
1 Bedroom
$1,224
2 Bedrooms
$1,494
3 Bedrooms
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Results within 1 miles of Parker, CO
Results within 5 miles of Parker, CO
Waterford Lone Tree
10047 Park Meadows Dr
Lone Tree, CO
Updated August 15 at 6:21pm UTC
1 Bedroom
$1,302
2 Bedrooms
$1,585
3 Bedrooms
$2,113
Avery Park
9959 E Peakview Ave
Englewood, CO
Updated August 15 at 3:17pm UTC
1 Bedroom
$1,225
2 Bedrooms
$1,460
3 Bedrooms
$1,965

August 2018 Parker Rent Report

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

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Rent Report
Parker

August 2018 Parker Rent Report

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

Parker rents increase sharply over the past month

Parker rents have increased 1.3% over the past month, but are down moderately by 1.0% in comparison to the same time last year. Currently, median rents in Parker stand at $1,480 for a one-bedroom apartment and $1,870 for a two-bedroom. Parker's year-over-year rent growth lags the state average of 0.5%, as well as the national average of 1.2%.

Rents rising across the Denver Metro

While rent prices have decreased in Parker over the past year, the rest of the metro is seeing the opposite trend. Rents have risen in 8 of the largest 10 cities in the Denver metro for which we have data. 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 $1,870; however, the city has also seen rents fall by 1.0% over the past year, the biggest drop in the metro.
  • Brighton has seen the fastest rent growth in the metro, with a year-over-year increase of 6.2%. The median two-bedroom there costs $1,610, while one-bedrooms go for $1,270.
  • Denver proper has the least expensive rents in the Denver metro, with a two-bedroom median of $1,350; rents increased 0.6% over the past month but remained flat year-over-year.

Many large cities nationwide show more affordable rents compared to Parker

As rents have fallen moderately in Parker, many large cities nationwide have seen prices increase, in some cases substantially. Compared to most large cities across the country, Parker is less affordable for renters.

  • Other cities across the state have seen rents slightly increase, with Colorado as a whole logging rent growth of 0.5% over the past year. For example, rents have grown by 1.7% in Colorado Springs and 0.6% in Fort Collins.
  • Parker's median two-bedroom rent of $1,870 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 1.0% decline in Parker.
  • While rents in Parker fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.4%), Charlotte (+1.5%), and Los Angeles (+1.3%).
  • Renters will generally find more expensive prices in Parker than most large cities. For example, Phoenix has a median 2BR rent of $1,050, where Parker is more than one-and-a-half times that price.

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 $1,060 $1,350 0.6% 0.2%
Aurora $1,230 $1,560 0.7% -0.8%
Thornton $1,470 $1,860 0.3% 2.5%
Arvada $1,220 $1,540 -0.3% 2.6%
Westminster $1,270 $1,610 -0.1% 1.8%
Broomfield $1,360 $1,710 0.4% 2.9%
Castle Rock $1,400 $1,770 -1.6% 4.1%
Parker $1,480 $1,870 1.3% -1.0%
Littleton $1,470 $1,860 0.8% 1.3%
Brighton $1,270 $1,610 -0.1% 6.2%
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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.