Comptroveby RentSpire

Water Tower Flats

5515 Olde Wadsworth Blvd, Arvada, CO, 80002

unknown not observed units (unit count basis: listing-reported) Hazard/risk read: not observed

Asking & effective rent by bedroom

Average asking rent across observed units: $2,174. Average effective rent: $2,174.

TypeAsking rentEffective rentAvg sqftObservations
1 bedroom$2,052$2,05275411
2 bedroom$2,507$2,5071,0604

HUD Fair Market Rent gap

HUD area: Denver-Aurora-Centennial, CO MSA.

FMR comparison not observed for this property.

Amenities

Beautifully Renovated Floorplans AvailableBuilt-In Desks / Book ShelvesCeiling FansCentral Heating and Air-ConditioningCherry Cabinets with Nickel HardwareDetached GarageElectric Car Charging StationsFull Sized Washer and DryerGorgeously Renovated Clubroom with Entertainment AreaGranite CountertopsHeated Resort Style Pool & SpaNon-Smoking CommunityOutdoor Fire Pit & Grilling AreaOutside StorageOval Soaking TubsPackage Receiving ServicePatios & BalconiesPremium Wood-Style FlooringPublic Transportation HubRenovated Business Center Designed for ProductivityResident Mini Market & Coffee Bar for Everyday ConvenienceSeconds from Olde Town ArvadaSleek White Cabinets with Black HardwareSpacious Closets

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
Apartments in Arvada, CO 0.12 mi $2,752 68%
Wheat Ridge Wheat Ridge, CO 1.83 mi $2,164 66%
Arvada Village Arvada, CO 0.51 mi $1,315 55%
Arvada Green Arvada, CO 2.11 mi $1,354 40%

Sources & provenance

Sourced from https://watertowerflats.com/floorplans/a5r/ — 4 observation(s), last observed Aug 2, 2026.

Sourced from https://watertowerflats.com/floorplans/ — 11 observation(s), last observed Aug 1, 2026.

Data age: 15 days. Last observed: Aug 2, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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