Renting In Parts Of CO Today Could Cost You Over $2,000 A Month – How Much Is Rent In Fort Collins?
It's not cheap to live in Colorado, and the latest increases in rental costs across the state only further prove that point.
Rent.com recently came out with its rent report for February 2022, which closely analyzes the increases and decreases in rent costs across the country, as well as specific cities.
Nationwide, rent prices have increased significantly over the last few years.
According to rent.com's rent report, more than 95 percent of states across the country have seen significant increases in rent prices for both one and two bedrooms - that includes Colorado.
Monthly rental prices in Colorado are up 21.95% year-over-year. In 2020, the average monthly rent for a one-bedroom was $1,574; in 2021, the average monthly rent for a one-bedroom increased to $1,919.
Even more so, there are some areas in Colorado right now where rent is even pricer than the state's average, with apartment rentals ranging in the $2,000s.
In the Mile High City, it almost feels like the sky is the limit as far as rent increases are concerned; the average price for a one-bedroom in Denver is currently going for about $2,064, Rent.com said, which is an increase of nearly five percent (4.96%) since this time last year.
How Do Rental Prices In Fort Collins Compare To Denver + The Rest Of Colorado?
In Nothern Colorado, rent is luckily not as expensive as it is in Denver, but that's not to say it's cheap by any means.
According to Zumper, in the last month, the average rent for a 1-bedroom apartment in Fort Collins increased by 7% to $1,285, while the average rent for a 2-bedroom apartment remained flat at around $1,600.
At this time last year (February 2021), a one-bedroom rental in Fort Collins was going for an average of $1,268, while a two-bedroom rental was going for an average of $1,451.
Two-bedroom apartment rentals in Fort Collins ultimately saw a wider increase in price than one-bedroom apartment rentals over the last year.
Zumper says, in terms of rent prices, the most expensive neighborhoods in Fort Collins include Prospect-Shields, where the average rent goes for about $1,668 a month; Cottonwood, where the average rent goes for about $1,658 a month; and Old Town North, where the average rent goes for about $1,425 a month.
On the other hand, the most affordable neighborhoods in the Choice City include Rogers Park where the average rent goes for about $625 a month; Foxstone, where the average rent goes for about $667 a month. and Old Prospect, where the average goes for about $950 a month.
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