A for rent sign stands outside of a rental on the market in the Country Club area southeast of downtown Denver.

(AP Photo/David Zalubowski)

It’s a good time to be a landlord in Denver. The Denver area has the third-fastest-growing rental rates in the country behind only San Francisco and San Jose. 

Rents jumped nearly 6 percent in the last year, according to the market research firm Reis. 

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.