Velaris Living
2130 Arapahoe St,
Denver, CO 80205
Studio - 4 Beds | $1,212 - $4,888
Rental Market Trends in Denver, CO
What is the average rent in Denver, CO?
$1,642/month
Average Rent
699 Sq Ft
Average Apartment Size
-4.2%
Decrease in the Last Year
As of December 2024, the average rent in Denver, CO is $1,642 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Denver rent prices are 5% higher than the national average. When you rent an apartment in Denver, you can expect to pay about $1,457 per month for a studio, $1,642 for a one-bedroom apartment, and around $2,154 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,809 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Denver, CO?
In the past year, rent has decreased by 4.2%, which averages out to $69 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Denver, CO
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
13%
$700 - $1,000/month
45%
$1,001 - $1,500/month
24%
$1,501 - $2,000/month
15%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most expensive neighborhoods in Denver?
Based on current rent prices, LoDo, Riverfront Park and Golden Triangle are the most expensive neighborhoods in Denver.
Neighborhood
Average Rent
Average Sq Ft
Which Denver neighborhoods have the most rentals available?
The neighborhoods in Denver with the most apartments available are Downtown Denver, East Denver and West Denver .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Denver, CO?
Because the average rent in Denver is $1,642, you’ll want to make about $5,473 per month or $65,676 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Denver, CO compare to other nearby cities and neighborhoods?
Use the tool below to compare Denver, CO to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,266/month
$1,647/month
One Bedroom
$1,401/month
$2,069/month
Two Bedroom
$1,849/month
$3,473/month
Three Bedroom
$2,573/month
$5,688/month
Nearby City Rent Trends
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3,186
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29
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25
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Avenue5 Residential
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519
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114,360
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199
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Apartments Concepts Unlimited
-
17
Communities
-
552
Units
-
5
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Kairoi Residential
-
64
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17,714
Units
-
20
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Four Star Realty
-
43
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3,843
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Methodology
† 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.
* Percentages may not total 100 due to rounding.