Updated 1/4/2016

Although Colorado’s rent growth has tapered off recently, it is still pricier than national averages. In this report, we’ll look at trends across the whole state as well as variations between cities.

Colorado Rent Prices

COvstheUSAdec2015

In Colorado, 1 bedroom rents showed no change and 2 bedroom rents decreased by 0.5% between November and December. They are now up 4.7% and 3.9% over the last year at median prices of $1100 and $1320, respectively.

Top 10 most expensive cities

CO - 10 most expensive Dec 2015

  • Boulder: Once again, Boulder had the highest rents statewide with a 2 bedroom median rent of $2010. 1 bedroom rents there averaged $1450. 2 bedroom rents show no growth since December 2014, while 1 bedroom rents have increased 1.8% year-over-year.
  • Golden: The 2nd most expensive city was Golden at $1770 for a 2 bedroom.
  • DenverColorado’s capitol comes in 5th for most expensive rents. Denver has an average 2 bedroom price of $1600, and rents there have increased 3.6% over last year, just below the statewide average of 3.9%.

Top 10 cities with the fastest rent growth

  • Littleton: Although Littleton is cheaper than statewide averages for 2 bedroom rents, it shows the most rent growth with an 10.6% increase over last year. A 2 bedroom in Littleton averages $1240.
  • Arvada: Arvada ($1200) came in as the city with the 3rd strongest year-to-year growth at 7.9%. Month-over-month, Arvada rents increased by 4.8%.
  • Westminster: Although Westminster claims the 10th highest rent growth of any Colorado city, rents there have actually decreased by 0.1% since December 2014. A 2 bedroom in Westminster averages $1300.

Full Data:

Apartment List December Rent Report

CityMedian Price - 1 BedMM Change - 1 BedYY Change - 1 BedMedian Price - 2 BedMM Change - 2 BedYY Change - 2 Bed
Boulder$1,450-1.5%1.8%$2,010-0.3%0.0%
Golden$1,770
Broomfield$1,6803.5%10.3%
Highlands Ranch$1,600
Denver$1,170-1.2%6.0%$1,600-1.5%3.6%
Lone Tree$1,340-0.3%5.7%$1,590-1.7%3.8%
Centennial$1,310-9.2%-0.8%$1,500-6.4%-1.5%
Englewood$9006.7%4.9%$1,440
Thornton$1,070-0.5%1.1%$1,4205.9%6.9%
Lakewood$1,080-1.5%2.2%$1,360-3.4%-0.9%
Aurora$1,0606.2%10.3%$1,330-3.0%3.6%
Westminster$1,110-4.4%0.3%$1,300
Littleton$1,05010.1%12.4%$1,2403.6%10.6%
Arvada$970-0.8%4.4%$1,2004.8%7.9%
Fort Collins$1,0000.0%0.0%$1,150
Longmont$8000.0%0.0%$1,100
Colorado Springs$6302.0%4.8%$9303.2%9.7%
Loveland$900
Greeley$6500.0%0.0%$860
Grand Junction$680-2.8%-20.1%$800
Pueblo$630
Apartment List December Rent Report

Methodology:

Apartment List RPM data is drawn from several hundred thousand monthly listings on our site. All average prices are calculated as the median for the specified size and time period. For top city rankings, we calculated median 1 bedroom and 2 bedroom rents in 100 top cities and then ranked them by 2 bedroom rents. Price changes are calculated using a “same unit” methodology similar to the Case-Shiller “repeat sales” home prices methodology, and averages are not value weighted.

About Apartment List Rent Reports:

Apartment List’s Rent Reports cover rental pricing data in major cities, their suburbs, and their neighborhoods. We provide valuable leading indicators of rental price trends, highlight data on top cities, and identify the key facts renters should know. As always, our goal is to provide price transparency to America’s 105 million renters to help them make the best possible decisions in choosing a place to call home.  Apartment List publishes Rent Reports during the first calendar week of each month.

About Apartment List:

Apartment List is the fastest-growing apartment rental marketplace in the United States, and is reinventing the rental market on a foundation of trust and transparency. Our Webby-award winning site draws nearly 3 million monthly visits and lists several hundred thousand available rental properties. Headquartered in San Francisco, Apartment List was recently named the #3 fastest growing company in the Bay Area and raised capital from an incredible team of investors led by Matrix Partners.