$1,437 and $2,827. This is the average rent difference between studios and three-bedroom apartments in Denver. We will examine what this nearly double gap means for each unit type.

A studio averages $1,437 and has an area of 519 square feet. They are typically located in areas with good access to downtown, making them popular among single professionals looking to reduce commute times. However, due to their small size, they are often chosen as transitional housing rather than for long-term living.

A one-bedroom averages $1,722 and has an area of 719 square feet. It is $285 more expensive than a studio but offers the practical advantage of space separation. Notably, about 42% of all rental units in Denver are one-bedrooms, making them the most common unit type.

A two-bedroom averages $2,214 and has an area of 1,062 square feet. This is an increase of $492 compared to a one-bedroom. The primary demand comes from roommates sharing the space or families with one child, accounting for about 32% of the total rental units, making it the second most common configuration.

A three-bedroom averages $2,827 and has an area of 1,371 square feet. It represents just over 15% of the total rental units, making it the least supplied. Families with multiple children looking for good school districts or larger living spaces tend to choose this unit type.

• Studio: approximately $1,437 / 519 sqft
• One-bedroom: approximately $1,722 / 719 sqft
• Two-bedroom: approximately $2,214 / 1,062 sqft
• Three-bedroom: approximately $2,827 / 1,371 sqft

In terms of numbers, Denver's rental market is primarily composed of one-bedroom and two-bedroom units, while three-bedroom units are relatively scarce. From a developer's perspective, medium-sized units with high turnover are advantageous, but for families needing larger spaces, this can lead to a limited selection.

The increase in rent between unit types is most pronounced when moving from a one-bedroom to a two-bedroom. This can be seen positively as a low entry barrier between studios and one-bedrooms, but negatively as a significant budget increase when trying to add an extra room.

For Korean families, starting with a one-bedroom during the initial settling phase and then moving to a two-bedroom or three-bedroom as family size increases may be a more budget-friendly approach. However, it is important to keep in mind that three-bedroom units are in short supply, making it potentially difficult to find one when needed.

Ultimately, the unit composition in Denver can be summarized as a market focused on medium-sized units, where the rental burden increases significantly with each additional room.