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.

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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.