Rents jumped nearly 6 percent in the last year, according to the market research firm Reis.
- How many hours must a Denver janitor work to pay rent?
- Renting A Better Investment Than Buying, New Report Advises Denverites
The numbers aren’t all bad for renters. Denver apartments are still cheaper than 27 other cities tracked by Reis. New York tops the list – with landlords charging three times Denver rates for an apartment. San Francisco and Boston cost about double.
Still, that’s cold comfort to people already struggling to pay the bills. Over the last three years, Denver apartment rents have grown by more than 25 percent.