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East Arapahoe News

Saturday, November 23, 2024

Median rental price of 2-bedroom apartments in Golden Triangle during the week of September 16-22 was $3,431

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The median rental price of two-bedroom apartments in Golden Triangle listed during the week of September 16-22 was $3,431.

Furnished apartments had a median price of $3,349, 6 percent lower than those without.

There were 53 properties listed in the neighborhood during the week. Speer Boulevard had the most units listed, according to RentHub.com.

The median monthly rent price in the US has been steadily increasing over the last decade. In 2010, the median US rent was $927 according to the Census American Community Survey. As of 2018, that figure had reached $1,023 per month. The ACS releases updated numbers each September regarding the previous year.

In fact, according to a study completed by the Harvard Joint Center for Housing Studies, 75.8 percent of renters are cost-burdened or severely cost-burdened by the price of rent in the Denver-Aurora-Lakewood area.

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