Rental market snapshot for Cherry Creek, Denver
Cherry Creek rental market summary
The rental market in Cherry Creek, Colorado is showing signs of growth. In July 2023, there were 225 new listings, representing a 5.3% increase from the previous month. This is indicative of a healthy rental market, as more people are looking to rent in the area. The median rent in July 2023 was $2,840, a 9.3% increase from the same time last year. This suggests that the rental market in Cherry Creek is becoming more competitive, as demand for rental properties is increasing.
Overall, the rental market in Cherry Creek is looking positive. With more new listings and an increase in median rent, it is clear that the area is becoming an attractive option for renters. As the demand for rental properties continues to grow, it is likely that the rental market in Cherry Creek will continue to experience growth in the coming months.
Median rent for all residential properties in Cherry Creek
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The most expensive listings and top trending buildings in Cherry Creek
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 254 Adams St | $8,595 | 4 / 5.0 |
| 180 Madison St | $8,550 | 2 / 2.0 |
| 180 Madison St | $8,499 | 2 / 2.0 |
| 180 Madison St | $8,013 | 3 / 2.5 |
| 245 Jackson St | $8,000 | 3 / 4.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Mill Creek Residential Trust (new) | $3,591 |
| United Dominion Residential Communities | $2,734 |
| UDR Inc. | $2,630 |
| Connor Group | $2,286 |
| RedPeak | $2,257 |
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Bedroom Breakdown in Cherry Creek
Cherry Creek neighborhood apartments rents
The rental market for studios in Cherry Creek, Colorado is showing signs of growth. In July 2023, there were 9 new studio listings, representing a 7.1% increase in median rent from June 2023. The median rent for studios in July 2023 was $1,969, which is a significant increase from the median rent of $1,838 in June 2023. This indicates that the rental market for studios in Cherry Creek is on the rise and is likely to continue to increase in the coming months.
The rental market for 1-bedroom apartments in Cherry Creek, Colorado is showing signs of growth. In July 2023, there were 34 new 1-bedroom listings, which is a 10.3% increase from the previous month. The median rent for 1-bedroom apartments in July 2023 was $2,460, which is a decrease of 10.3% from the median rent in June 2023. This indicates that the rental market is becoming more competitive, with more options available for renters.
The rental market for 2-bedroom apartments in Cherry Creek, Colorado is showing signs of growth. In July 2023, there were 38 new 2-bedroom listings, a 3.2% increase in median rent from June 2023 to July 2023, and a median rent of $3,790. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.