The Mile High City, Denver, CO, is known for its Old West history, easy access to the Rocky Mountains, and charming downtown area. With countless green parks, mountain views, professional sports games, and a craft beer scene, there are many reasons to consider living in Denver.
Denver can be expensive to rent, with an average rent of $1,820 for a studio and $2,177 for a one-bedroom apartment. However, there are plenty of areas in the city that have more affordable options. At ApartmentGuide, we’ve collected 10 of the most affordable neighborhoods in Denver this year.
10 Affordable Neighborhoods in Denver, CO
From Windsor to Virginia Village, there are many areas that may fit into your budget. And the best part is, these Denver neighborhoods are below the city’s average rent for studio and one-bedroom units. Let’s explore the most affordable neighborhoods in Denver to rent this year.
1. Windsor
2. Virginia Village
3. Congress Park
4. Capitol Hill
5. Near Southeast Denver
6. Jefferson Park
7. Cheesman Park
8. East Central Denver
9. Platt Park
10. South Denver
Read on to see what each neighborhood has to offer its residents.
1. Windsor
Average studio rent: $930
Average 1-bedroom rent: $1,050
Apartments for rent in Windsor
Windsor takes the first spot on our list of most affordable neighborhoods in Denver. The average rent for a one-bedroom unit is $1,050, over $1,000 less than Denver’s average. There are many reasons to love living in Windsor, from attractions like Windsor Gardens Community Center to green spaces like Expo Park. It’s also close to the popular Wings Over the Rockies Air & Space Museum and Lowry Sports Complex Park.
2. Virginia Village
Average studio rent: $1,100
Average 1-bedroom rent: $1,195
Apartments for rent in Virginia Village
Virginia Village is a delightful area that’s just adjacent to the Windsor area. This affordable neighborhood has many attractions, such as Cook Park and the Cherry Creek Trail. Virginia Village is also conveniently located near several shopping centers like Boulevard Center and I-25, which lead into Downtown Denver.
3. Congress Park
Average studio rent: $1,200
Average 1-bedroom rent: $1,230
Apartments for rent in Congress Park
With an average one-bedroom rent of $1,230, Congress Park is the third-most affordable neighborhood in Denver. This neighborhood is an awesome option to consider as it’s near attractions like Denver Botanic Gardens and City Park. Since the area is close to major landmarks, including the Denver Zoo, this neighborhood is a great place to explore and enjoy Denver. Or, if you’re looking for a relaxing afternoon, you can wander through Cheesman Park.
4. Capitol Hill
Average studio rent: $1,062
Average 1-bedroom rent: $1,265
Apartments for rent in Capitol Hill
Capitol Hill is the fourth-most affordable neighborhood in Denver. This neighborhood is a great option if you’re looking for access to plenty of shops and restaurants alongside historic buildings and a charming atmosphere. For example, you can easily access the Molly Brown House Museum, the Governor’s Residence at the Boettcher Mansion, the Colorado State Capitol, and Civic Center Park. Capitol Hill is also the second-most walkable neighborhood in Denver, so there are a lot of things to see and do without needing a car.
5. Near Southeast Denver
Average studio rent: $1,274
Average 1-bedroom rent: $1,349
Apartments for rent in Near Southeast Denver
Just about 5 miles from downtown, Near Southeast Denver is a stellar neighborhood if you want to live a little further outside the hustle and bustle. Near Southeast Denver encompasses areas like Virginia Village and Indian Creek. The neighborhood has plenty of parks like Garland Park and Cook Park.
6. Jefferson Park
Average studio rent: $1,195
Average 1-bedroom rent: $1,395
Apartments for rent in Jefferson Park
Next up is Jefferson Park, the sixth-most affordable neighborhood in Denver. Jefferson Park has amazing views of Downtown Denver from the Downtown Denver Lookout. This area also has plenty of parks, restaurants, and attractions, so you’ll have lots of explore. Make sure to enjoy the outdoors at Gates Crescent Park, explore the Downtown Aquarium, or grab a meal at one of the neighborhood restaurants. There’s something for everyone living in Jefferson Park.
7. Cheesman Park
Average studio rent: $1,175
Average 1-bedroom rent: $1,440
Apartments for rent in Cheesman Park
East of downtown, Cheesman Park is the seventh-most affordable neighborhood in Denver. Cheesman Park has a friendly atmosphere and community feel, with plenty of local cafes and restaurants along Colfax Avenue, such as Izu Sushi and Pete’s Kitchen. You can also check out some of Cheesman Park’s green spaces, like Cheesman Park, home to the Denver Botanic Garden, walking trails, and a pavilion.
8. East Central Denver
Average studio rent: $1,527
Average 1-bedroom rent: $1,569
Apartments for rent in East Central Denver
East Central Denver takes the eighth spot on our list of most affordable neighborhoods in Denver. The average rent for a one-bedroom unit is roughly $600 less than the city’s average, making East Central Denver a great option. It’s about 3 miles from downtown, so you’ll have the best city life without living in the city center. This area is home to neighborhoods like Cheesman Park and Congress Park, so you can access the same attractions. You can also visit the Denver Zoo or Denver Museum of Nature & Science.
9. Platt Park
Average studio rent: $1,485
Average 1-bedroom rent: $1,624
Apartments for rent in Platt Park
A well-known Denver neighborhood, Platt Park is the next area. Platt Park is home to countless cafes like Corvus Coffee Roasters, Steam Espresso Bar, and local restaurants along Broadway Street, meaning there’s plenty to do throughout the week. You’ll find countless historic buildings in Platt Park, so make sure to explore the area’s charm. If you need to commute to work, the I-25 freeway is nearby, and there are several bus and transit stops in Platt Park.
10. South Denver
Average studio rent: $1,592
Average 1-bedroom rent: $1,886
Apartments for rent in South Denver
The last spot on our list of most affordable neighborhoods in Denver is South Denver. This area has a vibrant feeling with its popular restaurants and quirky shops. You can find parks like Grant-Frontier Park and Harvard Gulch Park, which are perfect for enjoying a sunny day in Denver. South Denver is also home to the University of Denver campus and the Newman Center for the Performing Arts, so there are plenty of events throughout the year.
Methodology: Affordability based on whether a neighborhood has average studio and 1-bedroom rent prices under the city’s average. Average rental data from Rent.com in March 2024.