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Denver rents increase at fourth-fastest rate in U.S.

Apartment List Rentonomics reported Denver's rents increasing at the fourth-fastest rate of any U.S. city in the last year. Aurora was no. 1.

Excerpt:
 
  • Aurora and Denver: Aurora saw the largest year over year rent increase of any major US city. 2 bedroom rents in this Denver suburb have increased 10.4% since October 2013. Denver has seen similar rent growth with a 6.5% annual increase in 2 bedroom rents. One factor driving this is a strong local economy. Unemployment in the Denver/Aurora metro has dropped from 6.2% to 4.0% over the last year – a 35% decrease. By contrast, national unemployment stills stands at a much higher 5.9%.
Read the rest here.

Read more articles by Eric Peterson.

Eric is a Denver-based tech writer and guidebook wiz. Contact him here.
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