U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Colorado > Denver
 [Register]
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Jump to a detailed profile or search
site with Google Custom Search

Search Forums  (Advanced)
Business Search - 14 Million verified businesses
Search for:  near: 
Reply Start New Thread
 
Old 09-21-2010, 09:06 AM
 
Location: Denver, CO
1,278 posts, read 617,983 times
Reputation: 885
Default Rent keeps going up, but wages remain stagnant.

Gotta love Denver! $650 for a 350 sq ft outdated studio apartment in Cap Hill. Are you guys noticing this? When I moved here two years ago, I got a 530 sq ft studio a few blocks from the Capitol building for $525/mo. So basically, it was a $1/sq ft. During my recent apartment search, I've noticed that rents have gone up significantly while the apartments have become more outdated and our wages are the same or, in some cases, have gone down. Have you apartment seekers noticed this?
Reply With Quote Quick reply to this message

 
Old 09-21-2010, 09:17 AM
 
Location: Denver, Colorado U.S.A.
10,841 posts, read 12,193,151 times
Reputation: 6818
Quote:
Originally Posted by mcb1025 View Post
Gotta love Denver! $650 for a 350 sq ft outdated studio apartment in Cap Hill. Are you guys noticing this? When I moved here two years ago, I got a 530 sq ft studio a few blocks from the Capitol building for $525/mo. So basically, it was a $1/sq ft. During my recent apartment search, I've noticed that rents have gone up significantly while the apartments have become more outdated and our wages are the same or, in some cases, have gone down. Have you apartment seekers noticed this?
Sounds about right, unfortunately. I'm not looking to rent, but I remember in the late '90s in Orange County rents skyrocketed. We had a 2bdr. 1000 sq. ft. apartment paying $700 in about 1997. Between 1998 and 2000, it went up to $1200. That pushed us into buying a condo, and our condo payment w/HOA was actually a little lower than the rent had been.

I'm sure you could find cheaper rent in say, Aurora. But with Cap. Hill, you're paying for location. The first time I moved to Denver in 1994, I was paying $350 a month to rent a bedroom on Cap. Hill.
Reply With Quote Quick reply to this message
 
Old 09-21-2010, 09:34 AM
 
Location: South Metro Denver for 25 years
8,585 posts, read 18,737,442 times
Reputation: 4316
There is more demand for rental housing with the residential market in tatters.
Reply With Quote Quick reply to this message
 
Old 09-21-2010, 09:42 AM
 
Location: Denver, CO
1,278 posts, read 617,983 times
Reputation: 885
One of the most recession proof businesses you can invest in: rental properties. Yeesh, looks like I need to move back to Detroit.
Reply With Quote Quick reply to this message
 
Old 09-21-2010, 09:32 PM
 
Location: Denver, CO
5,462 posts, read 14,036,886 times
Reputation: 4425
I've noticed this too. Question-- is there any major fluctuation in rents depending on the time of the year you sign a lease? Would it be any cheaper to move in say, December or January compared to right now?
Reply With Quote Quick reply to this message
 
Old 09-21-2010, 09:36 PM
 
Location: LB/OC for now...
5,112 posts, read 11,794,084 times
Reputation: 1787
heh, that's a good rent. I pay nearly 1.7$/sqft. Denver rents are so cheap for major metro areas that it isn't even funny
Reply With Quote Quick reply to this message
 
Old 09-21-2010, 10:31 PM
 
Location: Denver, CO
1,574 posts, read 2,319,992 times
Reputation: 1627
Phoenix was cheaper, and I know of a few other parts of the country that are even less expensive. That said, I suspect we have cities like Seattle beat for low rents.
Reply With Quote Quick reply to this message
 
Old 09-22-2010, 01:11 AM
 
3,608 posts, read 4,103,573 times
Reputation: 2374
Quote:
Originally Posted by vegaspilgrim View Post
I've noticed this too. Question-- is there any major fluctuation in rents depending on the time of the year you sign a lease? Would it be any cheaper to move in say, December or January compared to right now?
I'm sure some of it is seasonal, but this year was pretty stiff increases. Places which were listed for $850 in March were $980 in July.

Still its all about demand and hard to expect rents in Cap Hill to stay stagnant. In every city you can think of rents in the most in demand areas almost never drop. The less desirable areas tend to see the drops and the farther out and easily replicated places see lots of drops and don't recover for a long time.
Reply With Quote Quick reply to this message
 
Old 09-22-2010, 12:07 PM
 
Location: Denver
22 posts, read 25,817 times
Reputation: 27
the location you are at tends to be a bit more expensive, but rents have gone up in most cities, you can try one of the outter suburbs but I have a feeling it will be expensive too.
Reply With Quote Quick reply to this message
 
Old 09-22-2010, 12:41 PM
 
Location: Del Norte NM
530 posts, read 757,547 times
Reputation: 162
The popularity of moving to CO might have something to do with it too.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2011 data
Loading data...

123
Hide US histogram

Over $84,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Colorado > Denver
Similar Threads
View detailed profiles of:

All times are GMT -6.

2005-2014, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 - Top