BusinessDen Survey: Denver apartment rent shoots up 5 percent in 2016

Defying local real estate skeptics, the rent keeps marching upward.

The median effective rent at one-bedroom units at 17 large apartment buildings polled by BusinessDen – from Cherry Creek and Golden Triangle up to Highlands, Union Station and RiNo – rose 4.7 percent in December 2016 compared to the same month in 2015, from $1,432 to $1,500. (Effective rent subtracts specials, such as a month of free rent, from the advertised rent and is the most accurate representation of how much renters pay each month.)

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Posted in: Apartment Market

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