Renting in Loveland
Renting in Loveland runs a real, rising cost -- average apartment rent is cited at $1,900/month, up 4.34% year-over-year, with real variation by unit size.
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Learn moreWhat rent costs by unit size
RentCafe cites Loveland's average apartment rent at $1,900/month, up 4.34% from a cited $1,821 the previous year. By unit size: studio apartments average $1,549, one-bedroom units $1,649, two-bedroom units $2,016, and three-bedroom units $2,476.
A real year-over-year increase, worth budgeting for
The cited 4.34% year-over-year rent increase is a real, if not exceptionally large, rise -- worth factoring into a moving budget, especially for larger units where the dollar increase is more substantial in absolute terms.
How renting compares to owning at current prices
Given Loveland's $467K-$549K median home sale price band (see housing-market) and current mortgage rates, renting a comparable unit generally remains a lower monthly commitment than owning at current prices, though the exact gap depends on which sale-price figure and loan terms are compared.
Key takeaways
- Average apartment rent in Loveland is cited at $1,900/month, up 4.34% year-over-year.
- By unit size: $1,549 (studio), $1,649 (1-bedroom), $2,016 (2-bedroom), $2,476 (3-bedroom).
- The 4.34% year-over-year rent increase is real and worth budgeting for, especially on larger units.
- Renting generally remains a lower monthly commitment than owning at Loveland's current $467K-$549K median home price band.
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