NOVEL RiNo by Crescent Communities
1350 40th St,
Denver, CO 80205
Studio - 2 Beds | $1,719 - $5,025
Rental Market Trends in Denver, CO
What is the average rent in Denver, CO?
$1,647/month
Average Rent
698 Sq Ft
Average Apartment Size
-5%
Decrease in the Last Year
As of March 2025, the average rent in Denver, CO is $1,647 per month. For comparison, the national average rent price in the US is currently $1,558/month, which means Denver rent prices are 6% higher than the national average. When you rent an apartment in Denver, you can expect to pay about $1,440 per month for a studio, $1,647 for a one-bedroom apartment, and around $2,167 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,822 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 5%, which averages out to $82 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 March 2025
Legend
2024
2025
Rent Ranges in Denver, CO
Last Updated March 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
12%
$700 - $1,000/month
47%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
15%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Denver?
Based on current rent prices, Hampden, Virginia Village and Goldsmith are the most affordable neighborhoods in Denver.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Denver?
Based on current rent prices, LoDo, Golden Triangle and RiNo 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 $1,647, you’ll want to make about $5,490 per month or $65,880 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.
Cost of Living
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 $1,440 - $2,822. You can expect to pay 3.6% more for groceries, 12.9% less for utilities, and 2.2% less for transportation.
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
$1,326/month
$1,660/month
One Bedroom
$1,380/month
$2,083/month
Two Bedroom
$1,829/month
$3,459/month
Three Bedroom
$2,519/month
$5,542/month
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.