Denver:
May Rent Report

Welcome to the May 2019 Denver Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the May 2019 key findings and figures for the Denver rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Denver and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Denver rent prices in the chart below.

Monthly Rent Report

Denver Rent Prices Decreased From April to May

Denver rent prices increased over the last month. From April to May, the city experienced a 2.66% increase for the price of a one-bedroom apartment. The rent price for a Denver one-bedroom apartments currently stands at $1,580.

When we take a look at the two-bedroom comparison from April to May, Denver experienced a 1.02% increase for the price of a two-bedroom apartment. The rent price for a Denver two-bedroom apartments currently stands at $2,076.

May Prices: Denver vs. Surrounding Areas

Rent Prices in Denver and Surrounding Areas

Rent prices have increased in Denver over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Denver suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Littleton, CO, Lakewood, CO, Westminster, CO, Parker, CO .

  • Rent decreased in Aurora, CO, Englewood, CO.

  • 3 suburbs are currently priced higher than the city of Denver.

  • 3 suburbs are currently priced lower than the city of Denver.

May 2019 Pricing Trends: Denver vs. National Comparisons

Denver Rent Prices More Affordable Than Major Cities

Rent growth in Denver over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Denver rent prices appear to be relatively affordable for local residents.

The price for a Denver one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's May 2019 National Apartment Report and data set here.

For more information about Denver and surrounding area rent prices, take a look at the complete data set below.

Data set for Denver and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Denver, CO $1,539 2.33% $2,055 0.93%
Aurora, CO $1,058 -7.11% $1,286 -7.35%
Englewood, CO $1,616 -0.12% $2,400 -2.52%
Littleton, CO $2,023 8.82% $2,129 8.24%
Lakewood, CO $1,146 0.79% $1,315 0.92%
Westminster, CO $1,615 0.62% $1,848 4.11%
Parker, CO $1,478 0.07% $1,690 -3.10%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.