Median rent dropped 5 percent in Denver from October to November, Zumper finds

Rents in the Denver-Metro area have been climbing higher in recent years.  But as Denverite reports, that trend may be starting to shift toward the opposite direction:

 

“The online real estate company Zumper has found the median rent for a one-bedroom in Denver dropped 5 percent from October to November to $1,520, among the sharpest decreases in the top 25 rental markets.

In its year-end rental report, Zumper noted that this is a slow-moving season and that rents across the country either dipped or stayed flat. Of the 25 priciest markets Zumper surveyed, only three saw drops of 5 percent or more: Denver at No. 16 on the top 25 list; Minneapolis at No. 24 with a median rent of $1,320; and Nashville at No. 25 with a median rent of $1,420.

Read more from Denverite here.