Most Affordable Neighborhoods in Denver, CO
Some of the cheapest neighborhoods in Denver are Virginia Village, Hampden, and Cherry Creek South. These neighborhoods offer some of the lowest rent prices in Denver, making them ideal for renters on a budget. As of April 7, 2025, the average rent in Denver is $1,647, which is 5% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Virginia Village
Average Rent
$1,594/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
44/100
Units Available
465 Rentals
Virginia Village, situated just southeast of downtown Denver, is known for its quaint residential feel and tree-lined streets. The neighborhood features several charming parks and recreational facilities. Affordable living options make it an excellent choice for renters seeking value without sacrificing comfort.
Hampden
Average Rent
$1,640/Month
Year-Over-Year Rent Change
7%
TransitScore® Rating
48/100
Units Available
361 Rentals
Denver residents love the parks and trials in Hampden, a neighborhood situated in the southwest corner of Denver, Colorado. Hampden is also close to dining and shopping options, making it a great choice for renters who want proximity to the outdoor opportunities in Denver without sacrificing convenience.
Cherry Creek South
Average Rent
$1,702/Month
Year-Over-Year Rent Change
8.3%
TransitScore® Rating
13/100
Units Available
637 Rentals
Located in the heart of Denver, Cherry Creek South boasts upscale shopping destinations and exquisite dining options. Its picturesque parks and well-maintained trails make it perfect for outdoor enthusiasts. This area provides an appealing balance between convenience and tranquility.
Windsor
Average Rent
$1,728/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
38/100
Units Available
329 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out Windsor. The average rent is $1,728, compared to the city average of $1,647. Rent prices have decreased by 1%. Windsor is convenient to Windsor Commons, Sand Creek Regional Greenway, and Parker Point. The community is somewhat walkable with a WalkScore® of 56.
Glendale University Area
Average Rent
$1,783/Month
Year-Over-Year Rent Change
6%
TransitScore® Rating
45/100
Units Available
1,874 Rentals
Adjacent to the bustling Glendale district, the University Area is a lively neighborhood close to thriving commercial zones and educational institutions like the University of Denver. The community benefits from extensive green spaces and recreational facilities. Affordable rent and convenient amenities attract a diverse group of residents.
Southwest Denver
Average Rent
$1,808/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
24/100
Units Available
926 Rentals
Southwest Denver presents a peaceful suburban setting with diverse housing options. The area features proximity to green spaces like Bear Creek Park, recreational centers, and convenient shopping outlets. Its affordability and welcoming atmosphere make it a preferred choice for many renters.
East Denver
Average Rent
$1,860/Month
Year-Over-Year Rent Change
3.8%
TransitScore® Rating
41/100
Units Available
2,334 Rentals
East Denver is an affordable neighborhood in Denver with an average rent price of $1,860. Compare this to the city average of $1,647. In the past year, rent prices have decreased by 3.8%. East Denver provides easy access to Colfax Station, Pena Station North, and Morrison Nature Center. It’s a somewhat walkable neighborhood with a WalkScore® of 52.
Gateway
Average Rent
$1,900/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
39/100
Units Available
340 Rentals
Gateway in Denver offers a serene living environment with easy access to major highways and public transit. Residents enjoy the proximity to diverse dining options and retail stores. The neighborhood's parks and open spaces provide ample opportunities for leisure activities.
Capitol Hill
Average Rent
$1,933/Month
Year-Over-Year Rent Change
2.8%
TransitScore® Rating
61/100
Units Available
686 Rentals
Capitol Hill in Denver is renowned for its historic architecture and cultural landmarks. The neighborhood brims with eclectic shops, cafes, and entertainment venues. Its central location ensures that everything you need is within easy reach.
Five Points
Average Rent
$2,022/Month
Year-Over-Year Rent Change
5.8%
TransitScore® Rating
74/100
Units Available
589 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Five Points might be the perfect place! It has an average rent price of $2,022, while the city’s average stands at $1,647. In the last year, prices have decreased by 5.8%. Five Points is near 25Th-Welton, 20Th-Welton, and Community College Of Denver.
Ready to make your move to Denver? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.