About the State Of Colorado

Colorado is the state of high desert, intense Rockies, and peaceful plains. Almost five million people have made the state their home. No matter what might draw you to Colorado, you are bound to discover that it exceeds your expectations. There are a number of varied cities in the state, with Denver and Boulder being but two of them. Employment ranges from government to agriculture, with both educational and high tech sectors being strong factors in the state economy. Seasonal tourism ranges from the Hot Air Balloons launched over the high desert near Dinosaur and Craig to the ski and hiking challenges of the Aspen area.

The natural beauty of Colorado rivals other states around it, as Colorado has canyons like Utah, high desert like New Mexico, mountains like Montana, and plains like the Dakotas. If urban settings are what you desire Denver or Boulder is your place. Both offer world class dining and major nightlife hot spots. From natural beauty to a rich and varied economic base, Colorado truly has it all.

How Rents Compare to the National Average and Nearby States

Colorado apartments fall just above the national average in price range. It is more expensive thanks to places like Aspen then the surrounding states are. Then again, Aspen's rental rates are very high due to the extreme demand for housing in the area. Before you discount Colorado as being out of your price range check the individual areas which may well be lower then the average quoted here. Colorado's diversity means that no matter what you are looking for the chances are you can find it here. For the month of May, 2011 two bedroom apartments rented for the following amounts: Colorado apartments, $1,000; New Mexico, $868; Wyoming, $829; Utah, $794; Nebraska, $741; Kansas, $729; South Dakota, $707; Oklahoma, $676.

Current Rents and Past Trends for Apartments in Colorado

In May of 2011 the rental rates for Colorado apartments had the following averages: Studio, $681; One bedroom, $789; Two bedroom, $1,000; Three bedroom, $1,356. The two bedroom rental rate is thirty-eight dollars more then the national average. One should keep in mind that some places actually will have much lower rent then other places depending on economic factors and housing demand. Big towns like Denver and Boulder have year round employment options and likely have cheaper rent then the snazzy and in demand places like Aspen. An option to Aspen is the smaller community of Grand Junction which offers a similar artsy feel but is far less pricey.

The December to May rental trends for 2011 look like this: December, $953; January, $950; February, $953, March, $963; April, $975; May, $1000. This shows a clear and steady climb on housing prices. Renters are advised to work out long term leases now while the rend it steady as a hedge against future increases. This is bound to happen as more people move into the state to work in the high tech field that has taken off there.