Cheap Apartments for Rent in Denver, CO from $500 (1,546 Rentals)

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property at 2172 Reed Dr

2172 Reed Dr

DenverCO80214

Denver's Best Affordable Neighborhoods

Learn about Denver and the best places to live with original content written by our Denver, CO Local Expert Marie McGinnis

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Denver, CO Local Guide

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Written By:
Trey Huguley
Senior Manager, Product Marketing

Cheapest Neighborhoods for Apartments in Denver, CO

Pricing Updated: 03/25/2025

Current apartment rentals in the Denver, CO area range in price from $525 to $22,071 with an overall median price of $2,923. The three Denver neighborhoods with the lowest median rent pricing are Whittier at $1,195, Perl Mack Manor at $978, and Hughes Station at $1,055. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Denver Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Whittier$1,395$1,19527
Perl Mack Manor$1,519$9789683
Hughes Station$1,550$1,05588
Western Hills$1,566$98810941
Shiloh$1,600$75011381
Brighton North Industrial Park$1,675$1,05588
Ruby Hill$1,687$995433
Pheasant Run$1,740$1,38014
Cambridge Commons$1,795$1,7957
Westgold Meadows$1,795$1,7957

Cheapest Available Denver Apartments for Rent

 

The cheapest available apartment rental in Denver, CO is a 1 Bed unit found at 731 Poplar St in the Lowry Northwest neighborhood priced from $675. University Station Senior in the Belcaro neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $733. Here is today’s list of the most affordable Denver apartments for rent:

Apartment ListingModel NameBed/BathPriced From
731 Poplar St731 Poplar St1BR,1BA$675
University Station SeniorSuite J1BR,1BA$733
1995 S Logan St1995 S Logan St1BR,1BA$745
Parkside Apartments - Affordable Housing2 Bedroom2BR,1BA$800
Urban Living at Lowery1 Bedroom Type B1BR,1BA$800
Palisade ApartmentsStudioStudio,1BA$810
WinbroStudioStudio,1BA$845
Grant PlaceStudioStudio,1BA$845

Best Value Apartments for Rent in Denver, CO

As of March 25, 2025 the best value apartment in the Denver area is the $0.96 price per square foot 24286 E 5th Pl Model at 24286 E 5th Pl in the in the Aurora District neighborhood starting from $3,299. The second greatest value Denver apartment is the 18059 E 108th Pl Model at 18059 E 108th Pl starting at $3,299 with a $1.14 price per square foot in the Fronterra Village neighborhood. Here is today’s list of the best values for Denver apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
24286 E 5th Pl24286 E 5th Pl4BR,3BA$0.96
18059 E 108th Pl18059 E 108th Pl4BR,3BA$1.14
23572 E 3rd Pl23572 E 3rd Pl5BR,3.5BA$1.21
23552 E 3rd Pl23552 E 3rd Pl5BR,3.5BA$1.21
23612 E 3rd Pl23612 E 3rd Pl4BR,3.5BA$1.27
VillasC13BR,3BA$0.74
Redi High Street1 BR 1 B1BR,1BA$1.29
11600 E 16th Avenue1BR/1.0BA1BR,1BA$1.28
Terrace ParkThe Cottonwood1BR,1BA$1.22
University Station SeniorSuite J1BR,1BA$1.33

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Denver Overview

Denver is the capital and the largest city in the state of Colorado. Known as the Mile-High City, because its elevation is exactly one mile above sea level, Denver is situated in north central Colorado. The city is surrounded by the Rocky Mountains to the west, and the High Plains to the east. This picturesque city has a population of nearly 700,000, and was listed as the No. 1 best place to live by US News & World Reports in 2016.

Why live in Denver, CO?

Denver is not only beautiful year-round, it also offers visitors and residents lots to do. The city is a mecca for sports fans being the home to all categories of major professional sports teams. The Broncos, Avalanche, Nuggets, and Rockies cover football, hockey, basketball, and baseball, so there is no shortage of teams to get out of your Denver apartment and root for. Additionally, Denver has much to offer, including family fun, outdoor activities, art and culture and history.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Denver, CO Rentals by Map

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See the most popular apartments and homes in Denver, CO

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Getting Around Denver, CO

Walk Score®

72 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

75 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

47 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Denver Apartments

What is a cheap apartment in Denver?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Denver is under $845.

What is the price of a cheap apartment in Denver?

The cheapest apartment in Denver is 731 Poplar St which is listed at $675, while the average apartment in Denver costs $2,923.

What types of apartments are the cheapest in Denver?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 578,169 regular apartments in Denver that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Denver?

Cheap apartments in Denver have an average cost of $668 which is $2,255 cheaper than the average rent for all rentals in Denver.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for The 10 Best Affordable Neighborhoods in Denver, CO article

The 10 Best Affordable Neighborhoods in Denver, CO

Written by: Marie McGinnis

Denver is a beautiful city with ample opportunities for outdoor recreation and a wide variety of housing options. As your ApartmentHomeLiving.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.