has just released its latest Colorado Rent Report
, which shows rents in Colorado are growing faster than the national average. Some highlights:
• Boulder is Colorado’s most expensive city with an average 2 bedroom price of $2,010.
• A 2 bedroom unit in Colorado averaged $1,320 for the month of December.
• Colorado rents are growing at a rate of 3.9%, in comparison to a national average growth of 2.7%.
Colorado Springs ranked significantly lower, reporting rent of a two-bedroom at $930, according to the report.
But according to rentjungle.com
, a two-bedroom rents for $999, a 35-percent increase since 2009.
This is why apartment projects have been popping up all over the city, including a big complex at Woodmen Road and Union Boulevard, and several projects are planned for downtown
. There's also a huge project in the works
for the site of Bates Elementary just south of the University of Colorado at Colorado Springs.