5 Most Affordable Neighborhoods in Denver, CO
Searching for Denver rentals on a budget? Explore the most affordable neighborhoods in the city with our detailed guide.
Established in the mid-1800s as a mining town during the Gold Rush, Denver embraces its Western heritage along with a forward-thinking mindset. Larimer Square is a testament to Denver’s balance of old and new, boasting rows of creative restaurants, independent shops, and vibrant nightlife spots in Victorian-era buildings downtown.
Located in the foothills of the Rocky Mountains, Denver is renowned for its great outdoor adventures. Residents enjoy more than 5,000 acres of parks, trails, golf courses, and playgrounds as well as convenience to Red Rocks Park and Cherry Creek State Park. Denver is proximate to world-class skiing and snowboarding opportunities just outside the city too. City center skyrises provide incredible views of the mountains to the west, while spacious suburbs with single-family rentals make for the perfect place to set down roots.
Cultural amenities abound in Denver, including the Denver Botanic Gardens, Union Station, Ogden Theatre, Denver Zoo, Denver Art Museum, and the Denver Museum of Nature and Science. Denver is also home to five major sports teams—the NFL’s Denver Broncos, MLB’s Colorado Rockies, NBA’s Denver Nuggets, NHL’s Colorado Avalanche, and MLS’s Colorado Rapids.
Landscaping near the Denver City Hall and County Building
The impressive Denver Skyline
A beautiful view of Colorado Mountain
Kit Carson atop the Pioneer Monument
Go hiking and biking at Red Rocks Park
Cheer on the Colorado Rockies at Coors Field
As of March 2025, the average apartment rent in Denver, CO is $1,444 for a studio, $1,643 for one bedroom, $2,165 for two bedrooms, and $2,823 for three bedrooms. Apartment rent in Denver has decreased by -5.2% in the past year.
The cost of living in Denver, CO is 9.1% higher than the national average. Generally, housing in Denver is 27.5% more expensive than the national average, with rent falling between $1,444 - $2,823. You can expect to pay 3.6% more for groceries, 12.9% less for utilities, and 2.2% less for transportation.
Searching for Denver rentals on a budget? Explore the most affordable neighborhoods in the city with our detailed guide.
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Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Public
Grades PK-5
313 Students
William (Bill) Roberts K-8 School
Public
Grades K-8
828 Students
Public
Grades K-8
752 Students
Public
Grades PK-5
571 Students
Public
Grades PK-8
550 Students
Public
Grades 6-12
1,058 Students
William (Bill) Roberts K-8 School
Public
Grades K-8
828 Students
Public
Grades K-8
752 Students
Public
Grades PK-8
550 Students
Public
Grades 6-8
446 Students
Public
Grades 6-12
1,058 Students
D'Evelyn Junior/Senior High School
Public
Grades 6-12
1,125 Students
Public
Grades 9-12
2,505 Students
Public
Grades 9-12
1,872 Students
Rocky Mountain School of Expeditionary Learning
Public
Grades K-12
390 Students
3,219
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893,585
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829
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2
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643
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254
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24
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1,731
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4
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509
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112,806
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202
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17
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553
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5
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.