Boulder median apartment rents highest in Colorado, two-bedroom tops $2,000

Posted by Tom Kalinski Founder RE/MAX of Boulder on Friday, September 18th, 2015 at 9:49am.

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 or Zillow Market Overview for the Boulder Metro Area at .

Tom Kalinski 
Owner and Founder
RE/MAX of Boulder

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