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Denver tenants are seeing rent hikes as high as $400 or more per month

May 17, 2022 by www.denverpost.com Leave a Comment

Rents are spiking at double-digit rates across metro Denver, and while the gains aren’t as extreme as the rise in home prices, they are leaving tenants facing them feeling financially depleted and trapped in a predicament they can’t easily escape. Sarah Wadsworth and her fiance were happy with their apartment at Infinity LoHi in northwest Denver. The rent of $1,900 a month, plus another $175 a month for two parking spots, was higher than the $1,700 they previously paid to live in Capitol Hill. Wadsworth said the trade-off was worth it to avoid break-ins and to keep her dog safe from the heroin needles on the sidewalk. That sense of having made the right move all changed when it came time to re-sign the lease this spring. “Then the sticker shock comes — they say we are raising your rent by $400 a month,” Wadsworth said. “I was freaking out. Two of our closest friends in the same building got increased by $500. They had a city view, but identical units otherwise.” She tried … [Read more...] about Denver tenants are seeing rent hikes as high as $400 or more per month

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