Average rent in Lakewood

Average rent in Lakewood,CO

In terms of the most important things for the average rent in Lakewood, CO, it is worth noting that there has been a consistent increase in recent years. Subsequently, it can be predicted that by 2023, the average rent in Lakewood will reach $1,700 per month. This is a significant increase when compared to the average rent in 2021, which was just shy of $1,500 per month.

Nonetheless, even with this expected increase, Lakewood remains a desirable location for individuals and families alike due in part to the city’s vibrant community, exceptional schools, and favorable location near Denver. Ultimately, while the rising cost of rent may prove a challenge for some, it is clear that many will continue to find the benefits of living in Lakewood to outweigh the associated costs.

Average rent in Lakewood,CO for 1-bedroom

As of 2023, the average rent for a 1-bedroom apartment in Lakewood, CO has seen a significant increase compared to the previous years. According to recent data, the average rent for a 1-bedroom apartment has jumped from $1,175 in 2020 to $1,450 in 2023, indicating an upward trend. Despite these changes, it is worth noting that the region’s rent prices are still more affordable compared to other major US cities. Therefore, as the years progress, it is essential to keep a keen eye on the market trends to make informed decisions.

Average rent in Lakewood,CO for 2-bedroom

Over the years, the average rent for a 2-bedroom apartment in Lakewood, CO has fluctuated. In 2023, the average rent is expected to reach $2,300, an increase of 8% compared to the previous year. However, this is still lower than the peak in 2019 when the average rent for a 2-bedroom was $2,500. Despite the slight increase in rent, Lakewood remains an affordable option for renters, as it is still below the national average for 2-bedroom apartments.

In the past few years, there have been some factors that have affected the fluctuation in rent prices, such as the supply and demand of rental units, changes in the local economy, and population growth. Overall, the average rent for a 2-bedroom in Lakewood provides a snapshot of the city’s evolving rental trends.

Average rent in Lakewood,CO for 3-bedroom

Lakewood, CO is becoming increasingly popular for those seeking a family-friendly suburban lifestyle. In 2023, the average rent for a 3-bedroom house in Lakewood is expected to increase to $2,500 per month. This significant jump from the previous year’s average rent of $2,200 can be attributed to the rise in demand for larger living spaces due to the pandemic. Furthermore, the average rent in 2023 is expected to be much higher than previous years, considering the average rent was only $1,800 in 2015. Consequently, it is crucial for potential renters to keep these trends in mind when looking for a place to call home in Lakewood.

Average rent in Lakewood,CO for studio

The average rent in Lakewood, CO for a studio apartment has seen a steady increase over the years. In 2020, the average rent was $1,200, which increased to $1,300 in 2021, and is expected to rise to $1,400 in 2023. This trend shows that there has been a slight elevation in rent prices, indicating a booming real estate market within the Lakewood community.

However, despite the hike in prices, the studio apartments in the area continue to attract tenants due to their prime locations and desirable amenities. Ultimately, it is likely that the upward trend in rental prices will continue, making it important for renters to be aware of the changes coming their way.

Average rent in Lakewood,CO for townhouse

In general, the average rent in Lakewood, CO for a townhouse has been increasing steadily over the years. In 2023, the average rent is expected to reach $2,500 per month, a sharp increase from the $2,000 rent in 2019. This sustained increase in rent can be attributed to several factors. First and foremost, recent development in the city has led to more demand for housing, resulting in increased competition for rental properties. Additionally, rising property taxes and maintenance costs have contributed to higher rent prices. Despite these challenges, renting a townhouse in Lakewood, CO remains a popular and convenient option for many residents seeking comfortable and affordable living accommodations.

Most expensive neighborhoods in Lakewood,CO

Lakewood, Colorado, is home to several posh neighborhoods that attract wealthy residents. Some of the most expensive neighborhoods in Lakewood, CO include Solterra, Green Mountain Village, and Belmar. These neighborhoods offer luxurious homes with stunning views of the Rocky Mountains, pristine parks, high-end shopping centers, and upscale dining options. Residences in these areas usually feature high-end finishes, high-tech amenities, and spacious living spaces. The cost of living in these neighborhoods can be quite steep, but residents enjoy a quality of life that is second to none.

Most affordable neighborhoods in Lakewood,CO

Lakewood, CO has plenty of affordable neighborhoods that make it an ideal place to settle for families and individuals alike. One of the most affordable neighborhoods in Lakewood is Eiber, where you can find reasonably-priced single-family homes and townhomes.

Another neighborhood worth considering is Green Mountain where you can find affordable apartment complexes as well as single-family homes. Other affordable neighborhoods in Lakewood include Morse Park, Edgewood, and Cloverdale. These neighborhoods all have great amenities, such as parks, libraries, and schools, that make them attractive to residents.

Most popular neighborhoods in Lakewood,CO

Lakewood, Colorado is a thriving city with a diverse range of neighborhoods. Among the most popular areas is Belmar, known for its trendy shopping and dining options, as well as its outdoor concerts and events. The Bear Creek area is highly sought-after for its proximity to the expansive Bear Creek Lake Park, offering outdoor enthusiasts plenty of opportunities for hiking, biking, and wildlife watching. The Green Mountain neighborhood boasts stunning views of the Rocky Mountains and is home to several parks and trails for outdoor recreation. Other popular areas include Applewood, Meadowlark, and the newly developed Solterra community. With so many great neighborhoods to choose from, Lakewood has something for everyone.

Comparison with other cities

1. Los Angeles, CA – $2,524
2. Charlotte, NC – $1,228
3. Houston, TX – $1,118
4. New York City, NY – $3,404
5. Dallas, TX – $1,201
6. San Francisco, CA – $3,690
7. Miami, FL – $1,972
8. Austin, TX – $1,437
9. Chicago, IL – $1,869
10. Seattle, WA – $2,014
11. Boston, MA – $2,579
12. Denver, CO – $1,641
13. Phoenix, AZ – $1,147
14. Washington, D.C. – $2,210
15. Atlanta, GA – $1,479

FAQ

Q: What is the average rent for a one-bedroom apartment in Lakewood, CO?
A: As of 2023, the average rent for a one-bedroom apartment in Lakewood, CO is $1,500 per month.

Q: What is the average rent for a two-bedroom apartment in Lakewood, CO?
A: As of 2023, the average rent for a two-bedroom apartment in Lakewood, CO is $1,950 per month.

Q: Are rental prices increasing or decreasing in Lakewood, CO?
A: Overall, rental prices in Lakewood, CO have been increasing in recent years. However, fluctuations can occur depending on market conditions.

Q: Are there any affordable housing options in Lakewood, CO?
A: Yes, there are some affordable housing options available in Lakewood, CO. One option is the Lakewood Housing Authority, which provides affordable housing for low-income families and individuals.

Q: Are utilities included in the average rent in Lakewood, CO?
A: It depends on the individual apartment complex. Some apartments include utilities in the rent, while others require tenants to pay for utilities separately.

Q: How does Lakewood, CO compare to nearby cities in terms of rental prices?
A: Rental prices in Lakewood, CO are generally higher than neighboring cities like Westminster and Arvada, but lower than Denver.

Q: What factors influence rental prices in Lakewood, CO?
A: Several factors can influence rental prices in Lakewood, CO, including proximity to amenities and transportation, supply and demand, and current economic conditions.

Q: How can I find a rental apartment in Lakewood, CO?
A: There are several ways to find a rental apartment in Lakewood, CO, including searching online classifieds, working with a local real estate agent, or visiting apartment complexes in person.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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