Rent in Longmont went up in January, compared to a slight decrease nationally.
According to Apartment List’s most recent report, January marks the fifth consecutive month of negative rent growth nationally with nationwide prices decreased by 0.3%. However, Longmont saw rent go up in January by 0.3% instead, ending a four month streak of rents going down in the city.
January nears the end of a particularly slow winter season in which prices sank faster than previous years, according to Apartment List’s analysis.
Prices in Longmont are up 3.3% year-over-year, in line with the national average and slightly above the state’s rent growth over the same period, which is 2.8%.
Rents in Longmont are up 19.6% since the start of the pandemic in March 2020. According to the report, median rents in Longmont stand at $1,358 for a one-bedroom apartment and $1,575 for a two-bedroom.
