Boulder is often at the top of the list of Colorado cities that consistently rank among the best places to live in the United States. With world-class hiking, skiing and schools at its doorstep, it’s obvious why people are eager to move to Boulder.
However, the buzz around Boulder has put a crunch on the real estate market. Thousands of people are flocking to the Boulder area to capitalize on the outdoor sports, growing tech market, and good vibes. And as the population rises, so do rent costs.
The Colorado Rental Price Monitor estimated that rent prices in Colorado increased 6 percent between 2014 and 2015, and they continue to climb.
The five stages of Boulder apartment hunting are all too real for anyone who has come to Boulder seeking an affordable rental downtown:
You’re moving to Boulder, Colorado! You imagine yourself living next to the Flatirons, biking to work or school in the mile-high sunshine. There will be nights spent strolling Pearl Street. You’ll run along Boulder Creek Path and drive up to the mountains every weekend to get the most out of your ski pass.
Then you start searching for Boulder apartments, and there’s major sticker shock. That downtown house you were imagining is going to run you over $1,000 a month – just for a single bedroom.
You start to search farther and wider for more listings, certain there is something you’ve missed. But, as it turns out, the average apartment rent in downtown Boulder and the surrounding neighborhoods is over $1,300 a month.
Finally, you understand that your dream apartment on Folsom is out of reach at the price range you estimated. Those visions of a bungalow on Pearl Street within walking distance to the bars fade. They are replaced with images of roommates, extra shifts, or taking the bus to and from campus.
Although you may not end up in your dream place this year, there is always next year. In the meantime, you can increase your rent budget and pay to live in a great location, find other people to live with, or expand your search to include different areas or housing types.
The best thing you can do when searching for Boulder apartments is to find a trustworthy rental partner like Housing Helpers who can help you navigate Boulder’s housing market. Housing Helpers can give you tips about the best time to start your search, neighborhoods that are within your budget and even connect you with other people seeking roommates.
For now, the Boulder rental market shows no signs of slowing. This means Boulder renters will need to become even more competitive in their searches for housing in 2016 and beyond.