Denver rent, which is still higher than pre-pandemic levels, could be falling in the months to come. Eviction filings, on the other hand, are rising.
Online rental market Apartment List’s monthly rent report cites the November median price of a one-bedroom is $1,399 and a two-bedroom is $1,731. That’s down 1.5% from October.
While prices are still up 1.7% year over year, that’s nothing compared to how much they jumped last year in the city, year-over-year, at this time: 17.7%.
Nationally, rents dropped 1% from October to November, half a point lower than in Denver, where they dropped 1.5%. Across the country, they are up 4.6% year over year.
In short, Denver has seen a rise in rent since the beginning of the pandemic, but that is likely trending down.
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