House rental rates up by 12% in metro Denver

A new report from two Denver-area companies shows that the average rental rate for three-bedroom, single-family detached houses was $1,679 in the first quarter.

The report was compiled by Real Property Management Colorado, the Denver location of a national property management franchise, and RentRange, a Westminster rental analytics company.

The average first-quarter rent represented a 12 percent increase from the same period in 2014, the report said. Nationally, house rental rates rose 5.4 percent year-over-year to $1,286…..Full Article