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Apartment rents jump to record highs again in Colorado Springs

Colorado Springs apartment rents set another record high in the first quarter, fueled by a strong demand for multifamily living and a tight supply of rental units and other housing

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Fourth-quarter apartment rents climb again in Colorado Springs


Colorado Springs-area renters continued to pay more for apartments at the end of last year.
The average rent for a local apartment rose to $1,265.92 a month in the fourth quarter — shy of a record, but still $62.33 higher on a year-over-year basis, according to a survey of apartment owners and landlords by Ron Throupe, an associate business professor at the University of Denver's Daniels College of Business, and Jennifer Von Stroh of Colorado Economic & Management Associates in Denver.
Fourth-quarter rents last year dipped almost $11 from the third quarter. But fourth-quarter costs traditionally decline from the third quarter because landlords see fewer renters late in the year and therefore lower rates to woo tenants, said Laura Nelson, executive director of the Apartment Association of Southern Colorado.

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