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Aurora offers metro area apartment dwellers the most room to stretch out

When it comes to how much space an apartment dweller can get for $1,500 a month, Aurora is the place to go in metro Denver, with Wheat Ridge not too far behind, according to RentCafe research. .

That rent amount provides an average of 792 square feet of living space in Aurora and 782 square feet in Wheat Ridge, compared to 681 square feet in Denver, according to the survey.

“Not only is Aurora the best metro Mile High city to rent an apartment on this budget, but it’s also the only urban area to match its suburban counterparts in terms of apartment space,” said Michelle Cretu, communications specialist at RentCafe to an email.

After Aurora and Wheat Ridge, the largest living space at $1,500 rent was available in Brighton, Parker, Englewood, Castle Rock, Thornton, Greenwood Village, Arvada and Lakewood.

Although Denver apartments offer 111 square feet less space than Aurora, the apartment stock is younger than surrounding cities, even though Denver has been around much longer. Half of Denver’s apartment buildings were built after 1995, while Aurora’s midway was 1990 and Lakewood’s was 1991. Boulder has one of the oldest stocks, half multi-family buildings that were built after 1987.

Denver was one of a handful of large cities where rent of $1,500 a month provided no more than 700 square feet of living space, according to the study. Most of the “tight” markets were in California and major cities on the East Coast.

New York’s Manhattan borough, with average apartment rents of $4,269 per month, is the least affordable apartment market, according to RentCafe. Wichita is the most affordable, with an average rent of $746 per month. For $1,500 per month, a tenant could get 1,597 square feet.

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