Boulder median apartment rent in August surpassed $2,000 for a two-bedroom apartment, outpacing other Colorado cities, according to San Francisco-based Apartment List’s August Colorado Rental Price Monitor. Apartment List reports data from several hundred thousand monthly apartment listings nationwide.
The August figures put Boulder’s two-bedroom median of $2,030 at 56 percent above the state median, which is $1,300.
Boulder’s one-bedroom median rent – $1,420 – is also the state’s most expensive.
Statewide, Colorado’s median rent remains slightly more expensive than the national average. Overall, rents in Colorado grew 5.3 percent year-to-year, more than twice the national average of 2.3 percent.
Boulder and three nearby cities made the top 10 list for the highest two-bedroom median rent:
- No. 1 - Boulder at $2,030
- No. 2 - Broomfield at $1,800 (up from No. 3 in July)
- No. 6 - Denver at $1,550
- No. 8 - Westminster at $1,420 (up from No. 9 in July)
By comparison, Zillow’s July Market Overview showed that for all types and sizes of rental properties, Boulder’s rental median hit $2,598, an annual increase of 3.9 percent.
Statistics for new home buyers: breakeven horizon
For renters considering purchasing, Zillow reports the breakeven horizon – the number of years a renter must live in a home before owning that home becomes better financially.
Boulder’s breakeven horizon is 2.7 years, with Louisville and Lyons a few tenths of a percent shorter, according to Zillow.
For the full reports, visit Apartment List August Colorado Rental Price Monitor at https://www.apartmentlist.com/rentonomics/august-2015-colorado-rental-price-monitor/ or Zillow Market Overview for the Boulder Metro Area at http://files.zillowstatic.com/research/public/rental/ZRI.Boulder.394405.pdf .
Owner and Founder
RE/MAX of Boulder