More pain for renters in metro Denver and Boulder.
, is coming into focus. The northern suburbs closest to Boulder have experienced some of the largest local month-over-month rent hikes, and the tag for a two-bedroom apartment in Boulder proper is currently higher than most other places in the area.
The price relief that renters enjoyed in late 2021 is being rapidly eroded at this point. From November to December, monthly costs dropped by 1.1. percent — a larger dip than the 0.4 percent slide from October to November. But the pace slowed in January, when Denver rent went down by only 0.2 percent, and in February, it rose by 0.3 percent. And in March, the hike is estimated at 0.6 percent, double the February increase.
Denver's rent bump of 14.7 percent since this time last year is actually lower than the state average of 15.1 percent and the national average of 17.1 percent. But the one-bedroom median rent of $1,480 and the median two-bedroom rent of $1,820 are both up $10 from February. Still, Denver's two-bedroom rate in March was lower than in seven suburbs. Last month, two-bedroom prices exceeded Denver's in Englewood , Littleton and Westminster , Thornton , Parker , Broomfield and Lone Tree .
Denver's 0.6 percent monthly increase was equaled by Aurora and outpaced by the nine other communities spotlighted in the graphic below — a contrast with the February update, which documented rentin three spots . Moreover, the jumps associated with north metro suburbs were substantial: 1.2 percent in Westminster, 1.6 percent in Arvada, 1.8 percent in Broomfield and 2 percent in Thornton.
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