Aurora, CO, is appealing to renters looking for good deals close to Denver. In 2024, the average apartment rent in Aurora is about $1,740, staying stable recently¹. This matches trends in the Denver area, where rents haven't changed much, monthly or yearly¹.

Seeing how housing costs in Aurora, CO are, it's smart for renters and policymakers to use trusted info for decisions.

Key Takeaways

• The median rent in Aurora, CO is $1,740 in 2024¹.
• Prices have remained stable both month-over-month and year-over-year¹.
• The average rent in Aurora is 3.7% lower than the metro-wide median in Denver, which is $1,806¹.
• Aurora is ranked #47 among large U.S. cities for rent growth as of June 2024¹.
• The local rental market emphasizes affordability in comparison to other nearby metropolitan areas¹.

Aurora, CO Rent Trends in 2024

2024 is bringing changes to Aurora, CO's rental market. Rent trends show a slight 0.5% increase over June 2024. There's also a 1.3% rise from January to June 2024. This growth is slower than last year's 3.6% bump¹. Such shifts shed light on local rental trends, impacting renters and those looking to move.

Monthly and Annual Changes

Aurora's annual rent growth has slowed, but median rent prices stand firm at $1,740¹. This stability offers predictability for renters in Aurora. One-bedroom apartments saw a small 0.74% price increase, now at $1,492. Meanwhile, two-bedroom apartments went up by 0.22%, reaching $1,836 from June to July 2024². These changes reflect a market that's stable yet slowly changing.

Comparison to National Averages

Aurora's median rent of $1,740 is significantly higher than the national average, by 23.3%¹. It ranks Aurora as the 27th most expensive large city in the U.S. Yet, it's 3.7% cheaper than Denver metro's median rent of $1,806¹. This information is essential for those comparing housing investments across the nation.

Rent trends in Aurora are showing steady growth, important for understanding market direction. For deeper insights into Aurora’s rental market, check out the full rent report on³.

Median Rent for Different Apartment Sizes in Aurora, CO

In Aurora, CO, you'll find the rental market varies by apartment size. Studio, one-bedroom, and two-bedroom apartments all have their own median rental prices. This gives you a clear picture of what you might pay.

Studio Apartments

Looking for a small space? Studio apartments in Aurora are priced between $1,680 and $1,740. Many include amenities like laundry and air conditioning, common in over 80% of the units⁴⁵. If you want a modern, easy-to-maintain home, studios often have balconies too⁴.

One-Bedroom Apartments

One-bedroom apartments in Aurora are about $1,740 on average. You'll find garage parking in 60% of these units⁴. Ideal for singles or couples, these apartments blend space with affordability. Plus, some offer special rent deals in 25% of the listings⁴.

Two-Bedroom Apartments

Need more room? Two-bedroom apartments have a median rent of $1,796⁵. They are great for families or those with roommates. Expect amenities like swimming pools in 30% of these places, with extras like fitness centers and secure access⁴. They're perfect for those wanting space and more luxuries.

Comparison of Aurora Rent Prices to Nearby Cities

Looking at rent prices, Aurora is more affordable than nearby cities. A one-bedroom apartment there costs $1,420. A two-bedroom goes for $1,796⁶.

Denver

Denver shines with its lively culture and many amenities but has higher rent than Aurora. The median rent in Denver is $1,791⁶. This shows that Aurora is the cheaper choice.

Lakewood

Lakewood’s rent is quite high, similar to Denver's. This makes Aurora an attractive option for those saving money but still wanting to stay close to city life.

Westminster

Westminster’s average rent is $2,258⁷, significantly higher than Aurora’s. This difference shows the savings potential in choosing Aurora. Additionally, Westminster's rent is above the area's average, further making Aurora an appealing financial choice.

Even though Aurora's rent prices have slightly increased by 0.5%, they’re still stable and affordable⁶. This stability and low cost make it an appealing option in the Denver area⁶. For more information on rent trends, check out this source².

Year-Over-Year Rent Growth in Aurora

In the last year, Aurora's rent growth has barely changed, staying flat. This is unlike the ups and downs seen nationally¹. Despite this, economic factors still play a role in rent prices here.

Right now, the median rent in Aurora is $1,740. That's 3.7% less than the Denver area's median of $1,806¹. This shows Aurora's rent prices are closely tied to the wider metro area.

The average rent for a one-bedroom in Aurora is $1,490. For a two-bedroom, it's $1,804⁸. These numbers give us a peek at Aurora's steady yet competitive rental market.

New apartments are being built, expected to add 10,570 units in the Denver area, including Aurora⁸. This should help keep future rent increases in check.

The growth in Aurora's rents is small but steady, which matters for those looking to rent. For more insights into Aurora's rental scene, check out the article from the Aurora Sentinel⁵.

Seasonal Rent Price Variations in Aurora

The rental market in Aurora changes with the seasons. In the colder months, rental prices usually go down. The best time to find an apartment in Aurora is during the winter, when you can expect prices to decrease by an average of 3.4%⁹.

Those looking for a good deal should focus on renting in winter. For instance, studio apartments were cheaper at $1,443 in April 2024, showing a 1.7% drop from the previous year⁹. One-bedroom apartments also became slightly more affordable, priced at $1,182. And the price for two bedrooms fell to $1,910, all thanks to these winter discounts in Aurora⁹.

So, if you're planning to move, think about the time of year. Knowing about these seasonal patterns can help you save money on rent. This knowledge could significantly lower your rental costs.

What Factors Affect Rent Prices in Aurora, CO?

Rent prices in Aurora, CO, are influenced by many factors. Local economic health is a huge part of it. Healthy local industries mean more people need homes, which can push rent prices up.

The number of available homes also matters a lot. More homes mean prices may go down since there's more choice. But, if few homes are available, prices can rise. The average monthly rent in Aurora sits around $1,780 because of this¹⁰.

Seasons can change rent prices too. Prices may go up in summer since more people are moving. In May 2024, the median rent was $2,325, which was $75 more than the previous May¹⁰.

Who lives in the area affects rents as well. If more people move to Aurora, rent prices can increase. In places like Highland Park, rent averages are around $1,579 each month¹⁰.

Landlords and how often tenants move also play a role. Fewer landlords planned to raise rent from the early to late 2023. This shows they're being careful with rent hikes¹¹. About 69% of landlords treat renewing tenants differently than new ones when setting rent prices¹¹.

High rent increases can make tenants leave. Around 23% left due to rent hikes, while 43% found the rent too high to stay¹¹.

Finally, comparing rent prices helps landlords and tenants make smart choices. By looking at similar rents in Aurora, they can set or find reasonable rates. This helps everyone understand the rental market better.

How Does Aurora Rank Among U.S. Cities for Rent Prices?

Aurora, Colorado, stands out among U.S. cities. It is Colorado's third-largest city, home to nearly 394,000 people. By 2026, it's expected the population will hit 400,000. This growth reflects Aurora's appeal as a place to live¹².

In the Aurora rent price ranking, Aurora is 27th among the top 100 U.S. cities. Its median rent was $2,200 in January 2024. This ranking shows how competitive Aurora's housing market is¹³.

An U.S. cities rental cost comparison shows that living in Aurora is quite pricey. A one-bedroom apartment averages $1,483 a month. Two-bedrooms go for an average of $1,891. And larger places, with three or four bedrooms, cost even more—up to $3,197¹⁴. Aurora's rent prices are 23.3% above the national average¹³.

The city's diverse community and strong economy add to its attractiveness. Industries like biotech and healthcare thrive here. Companies such as Amazon and Children's Hospital Colorado offer many jobs. This balance of economy and housing costs makes Aurora appealing despite high rents¹².

Aurora's place in the rental cost ranking shows its mix of opportunities and high living costs. This combination makes it an attractive home for both new and current residents.

Top Neighborhoods in Aurora, CO for Affordable Rent

Looking for affordable places to live in Aurora? Check out Jewell Heights-Hoffman Heights, Del Mar Parkway, and Northwest Aurora. These areas are great for anyone wanting to save money but still live comfortably. They're perfect for both single people and families.

Jewell Heights-Hoffman Heights

Jewell Heights-Hoffman Heights stands out for its low rent costs, making it a top pick. You can find a studio for about $1,680 here. This makes it an ideal choice for those who want a good balance between cost and convenience¹⁵.

This neighborhood is known for its affordability. It's close to important amenities too, which makes living here even more appealing.

Del Mar Parkway

Del Mar Parkway is another great spot for budget-friendly living. Here, studios start at around $1,625. It combines affordable housing with a lively community feel¹⁵.

Plus, it's got a nice mix of homey vibes and easy access to local services. This makes it attractive for many people.

Northwest Aurora

Northwest Aurora is the go-to for the lowest rent prices. Studios here start at just $1,545¹⁵. It's a great mix of cheap living and a good location, giving you the best of both worlds.

A recent study pointed out these neighborhoods for their great prices and convenient locations¹⁵. As Aurora grows, affordable living spaces are key for many people. Exploring Jewell Heights-Hoffman Heights, Del Mar Parkway, and Northwest Aurora can give valuable options for renters.

Conclusion

Looking at Aurora's housing scene shows a strong, changing market. The median home in Aurora costs $495,000, growing by 1.8% in a year¹⁶. Homes are $250 a square foot on average. This points to a competitive market where homes sell in about 34 days¹⁶.

The whole country's housing trends shed light too. The median rent rose to $1,411 in June, but over a year, it went down by 0.7%¹⁷. While some places see rent drops, Honolulu and Cleveland's rents are jumping due to high demand¹⁷. This shows those giving advice on Aurora's rentals need to be ready for changes.

To really get Aurora's housing market, you need to know your money, local and large trends. Rentastic helps by giving key market insights¹⁶. Knowing the market means seeing Aurora as a well-placed, steady city among national shifts. It's key to stay flexible and informed.

FAQ

What's the average rent in Aurora, CO?

In 2024, the average rent in Aurora, CO is about $1,740. This shows a stable pattern over the past months. It fits with the wider Denver area's trends. Studios cost around $1,680, one-bedrooms are $1,740, and two-bedrooms go for $1,796.

What are the Aurora, CO rent trends in 2024?

For 2024, Aurora's rent has gone up by 0.5% since June. From January to June, there's been a 1.3% increase. This rise is slower than last year's, showing a fairly steady market.

How does Aurora's rent compare to national averages?

Aurora's median rent of $1,740 is 23.3% higher than the national average. This makes Aurora the #27 most expensive large U.S. city out of 100.

What is the median rent for different apartment sizes in Aurora, CO?

Median rents in Aurora, CO, vary by size:- Studio Apartments: $1,680- One-Bedroom Apartments: $1,740- Two-Bedroom Apartments: $1,796These prices cater to different needs and budgets.

How does Aurora's rent compare to nearby cities?

Aurora's median rent of $1,740 is slightly cheaper than the metro average of $1,806. Denver's rent for a one-bedroom is $1,584, and a two-bedroom is $1,974. This shows different rental costs between Aurora and nearby cities.

What is the year-over-year rent growth in Aurora?

Over the last 12 months, Aurora's rent growth has been flat, at 0.0%. This indicates a more stable market compared to fluctuating averages elsewhere.

Are there seasonal rent price variations in Aurora?

Yes, rent prices in Aurora change with the seasons. Winter often brings a 3.4% decrease in rent, making it a good time for house hunting.

What factors affect rent prices in Aurora, CO?

Rent prices in Aurora depend on the local economy, housing availability, seasonality, and demographics. Knowing these factors helps understand Aurora's real estate dynamics.

How does Aurora rank among U.S. cities for rent prices?

Aurora stands at #27 in rent prices among the top 100 U.S. cities. Its rental costs are 23.3% above the national average.

What are the top neighborhoods in Aurora, CO for affordable rent?

Affordable renting options in Aurora can be found in: Jewell Heights-Hoffman Heights - Studios from $1,680, Del Mar Parkway: Studios at $1,625.- Northwest Aurora: Studios starting at $1,545. These areas offer good deals for those watching their spending.

Source Links

1. Average Rent in Aurora, CO & Rent Price Trends - https://www.apartmentlist.com/rent-report/co/aurora
2. Apartments for Rent in Aurora, CO - https://www.rentable.co/aurora-co
3. 3 Bedroom Apartments for Rent in Aurora, CO | realtor.com® - https://www.realtor.com/apartments/Aurora_CO/beds-3-3
4. Apartments for Rent in Aurora, CO - 399 Condos & Other Rentals | Zumper - https://www.zumper.com/apartments-for-rent/aurora-co
5. Housing & Occupancy - https://www.auroragov.org/city_hall/about_aurora/data___demographics/housing___occupancy
6. Average Rent in Denver, CO & Rent Price Trends - https://www.apartmentlist.com/rent-report/co/denver
7. Top 10 Cities Near Aurora, CO to Buy or Rent Your Next Home - https://www.redfin.com/blog/cities-near-aurora-co/
8. HOME STRETCH: Rent prices in Aurora and beyond stabilize, but uncertainty remains - Sentinel Colorado - https://sentinelcolorado.com/metro/home-stretch-rent-prices-in-aurora-and-beyond-stabilize-but-uncertainty-remains/
9. April 2024 Rental Report: Median Asking Rents Continue To Drop - https://www.realtor.com/research/april-2024-rent/
10. Complete House Renting Guide For Aurora, CO - 2024 - Ark7 - https://ark7.com/blog/learn/cities/complete-house-renting-guide-for-aurora-co/
11. Average Rent Increase Per Year: Rent Trends to Consider This Peak Rental Season - https://www.avail.co/education/articles/how-much-should-rent-increase-per-year
12. Aurora, CO - Livability.com - https://livability.com/co/aurora/
13. Aurora Real Estate Market Overview - 2024 - https://www.steadily.com/blog/aurora-real-estate-market
14. Apartments For Rent in Aurora, CO - 7,091 Rentals | Apartment Finder - https://www.apartmentfinder.com/Colorado/Aurora-Apartments
15. looking for a town to call home near Aurora, CO (Denver: to rent, insurance) - Colorado - https://www.city-data.com/forum/denver/1025687-looking-town-call-home-near-aurora.html
16. Aurora, CO - https://www.rentastic.io/investor-page/aurora-co
17. Apartment List National Rent Report - https://www.apartmentlist.com/research/national-rent-data

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