Most Affordable Neighborhoods in Denver, CO
Some of the cheapest neighborhoods in Denver are Hampden, Goldsmith, 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 December 26, 2024, the average rent in Denver is $1,639, which is 4.4% 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.
Hampden
Average Rent
$1,561/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
48/100
Units Available
335 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.
Goldsmith
Average Rent
$1,602/Month
Year-Over-Year Rent Change
3.8%
TransitScore® Rating
46/100
Units Available
339 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Goldsmith might be the perfect place! It has an average rent price of $1,602, while the city’s average stands at $1,639. In the last year, prices have decreased by 3.8%. Goldsmith is near Villa Monaco Shopping Center, Colorado, and Southmoor.
Cherry Creek South
Average Rent
$1,608/Month
Year-Over-Year Rent Change
5.7%
TransitScore® Rating
13/100
Units Available
650 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.
Virginia Village
Average Rent
$1,626/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
44/100
Units Available
437 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.
Glendale University Area
Average Rent
$1,771/Month
Year-Over-Year Rent Change
16.5%
TransitScore® Rating
45/100
Units Available
1,749 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
$1,821/Month
Year-Over-Year Rent Change
6.5%
TransitScore® Rating
24/100
Units Available
834 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
$1,833/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
41/100
Units Available
2,000 Rentals
East Denver is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Denver is $1,833 while the city average is $1,639. This is a -3.4% difference from last year. Residents enjoy convenient access to 2Nd & Abilene Station, Pena Station North, and Morrison Nature Center. The neighborhood is considered somewhat walkable with a WalkScore® of 52.
Capitol Hill
Average Rent
$1,921/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
61/100
Units Available
529 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.
Central Park
Average Rent
$2,060/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
43/100
Units Available
695 Rentals
Central Park, formerly known as Stapleton, offers a harmonious blend of urban living and green spaces. The neighborhood is designed with sustainability in mind, featuring community gardens, parks, and bike paths. Accessibility to downtown Denver and top-notch amenities make it highly sought after.
Ballpark
Average Rent
$2,075/Month
Year-Over-Year Rent Change
5.7%
TransitScore® Rating
74/100
Units Available
712 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out Ballpark. The average rent is $2,075, compared to the city average of $1,639. Rent prices have decreased by 5.7%. Ballpark is convenient to Centennial Gardens, Railyard Marketplace, and Community College Of Denver. The community is walkable with a WalkScore® of 82.
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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.