Colorado Springs among top 10 cities with ‘extreme’ studio rental increase in new report

COLORADO SPRINGS, Colo. (KKTV) – Calling Colorado Springs home comes with a price tag that only seems to be increasing!

A new report by Apartment Guide listed Colorado Springs as one of the top 10 American cities where studio rent is increasing the most. Click here to read the full report.

According to the report, the average cost to rent a studio apartment is $915 per month. The amount is about a 19.5 percent increase compared to last year. That percent of increase put the Springs at number eight on the top 10 list.

The report only includes the 100 most populous cities in America. They utilized rental property information from December 2017 to December 2018 on Apartment Guide and Rent.com. Rental prices are based on available multifamily rental property inventory from January 2019.

Arlington, Texas topped the list for largest increase, up about 40.6 percent. However, the average cost to rent a studio apartment is $877 per month, about $38 less than Colorado Springs.

Number 10 on the list has a higher rental amount than Colorado Springs each month. The report states the average studio apartment rental in Sacramento, California is $1,338 per month. The increase was about 18.3 percent since last year, but hundreds of dollars more than the average in the Springs.

Click here to view the whole list.

Source Article