I remember when I first signed a lease in Dever about 4 years ago, they told me the rent prices would raise about 3%-5% each year. So THIS is out of control...
According to Denverite:
Rent continues to rise in Denver and nationwide.
Denver’s median one-bedroom rent rose a shocking 26.6% from this time last year, according to data from the online rental site Zumper. That year-over-year growth far surpasses the also high rise in rates the city experienced, year over year, in recent months.
Based on May rental data, the median price for one-bedrooms in Denver was $1,760 in May. The two bedrooms’ median price was $2,170. Two bedrooms saw 14.8 % growth.
The company ranked the city as the 15th most expensive rental market in the United States.
Across the United States, the rental market has been hitting all-time highs — though national growth has been slower than Denver’s. Nationally, one-bedroom median rent is up 12.8% at $1,414, and two-bedroom rent is up 13.9% at $1,758.
The most expensive city to rent in is New York, where one-bedroom median rent is $3590.
Makes me sick.