A major concern amongst Coloradans for years has been the cost of living. The cost of renting and owning a home has grown exponentially every year. Are housing costs going to decline in Colorado? Not anytime soon.

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I am a renter and the renewal of my lease is quickly approaching. I am incredibly worried, and many Coloradans are expecting their rent to rise.

Fort Collins Residents Are Struggling

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A group of Northern Coloradans had a huge discussion regarding rental increases in Fort Collins.

A user mentioned how they were surprised to see their rent increase by $250 in just a few months. They also said that their rent has only increased by $75 the entire time they lived at their home in three years.

The user is in a tough situation, but others point out more dramatic situations.

Another person said that their rent was $1,200 and raised $500 to $1,700. This user said that due to the last-minute notice, they were unable to move and had to pick up a second job.

You can view the full discussion here for more stories.

Colorado Landlords Are Not Always to Blame

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Many are quick to blame landlords for the increase in prices, but oftentimes, they have to raise rent due to their property.

Property taxes are at an all-time high in Colorado and they have skyrocketed going into 2024. The Denver Post reported that property taxes have gone up 42% for Colorado homeowners.

All housing costs are rising, unfortunately. Inflation has caused insurance and all other costs to rise.

Last year, a bill trying to control rising rental costs failed.

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