Cheap Apartments for Rent in Denver, CO from $500 (1,617 Rentals)

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Search the lowest-cost Apartments available for rent right now in Denver.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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
Director, Product Marketing

Cheapest Neighborhoods for Apartments in Denver, CO

Pricing Updated: 05/18/2025

Current apartment rentals in the Denver, CO area range in price from $525 to $19,063 with an overall median price of $3,281. The three Denver neighborhoods with the lowest median rent pricing are Cambridge Commons at $1,395, Westgold Meadows at $1,395, and Brookside 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
Cambridge Commons$1,395$1,3951
Westgold Meadows$1,395$1,3951
Brookside$1,795$1,05524
Fruitdale$1,795$1,02534
Kipling$1,795$1,05540
Brighton Terrace$1,800$83414
Meadow Hills$1,841$1,09973
Arbor Green Townhomes$1,973$1,09552
Lake Arbor Fairways$1,973$1,09552
College Crest$2,067$600102

Cheapest Available Denver Apartments for Rent

 

The cheapest available apartment rental in Denver, CO is a 1 Bed unit found at University Station Senior in the Belcaro neighborhood priced from $733. Los Altos in the Sable Village neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $735. Here is today’s list of the most affordable Denver apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Station SeniorSuite J1BR,1BA$733
Los AltosStudioStudio,1BA$735
The Birch1x11BR,1BA$765
Haler ApartmentsHaler StudioStudio,1BA$795
WinbroStudioStudio,1BA$845
Meridian Garden ApartmentsOrchid1BR,1BA$850
Highland West Senior Citizens ApartmentsStudio, 1 bathStudio,1BA$869
1671 WashingtonStudioStudio,1BA$875
Capitol Square Apartments2 Beds, 2 baths2BR,2BA$880
Cross ApartmentsStudio BStudio,1BA$895

Best Value Apartments for Rent in Denver, CO

As of May 18, 2025 the best value apartment in the Denver area is the $1.41 price per square foot 4 Bed 3 Bath B Model at Stanford Commons in the in the Southwest Denver neighborhood starting from $3,500. The second greatest value Denver apartment is the 2595 S Utica St Model at 2595 S Utica St, Unit 1 starting at $1,000 with a $0.77 price per square foot in the Southwest Denver 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.
Stanford Commons4 Bed 3 Bath B4BR,3BA$1.41
2595 S Utica St, Unit 12595 S Utica StStudio ,1BA$0.77
VillasC13BR,3BA$0.80
3650 Upham St2x12BR,1BA$1.36
Redi High Street1 BR 1 B1BR,1BA$1.29
Elm Creek ApartmentsElm Creek 2 Bed 1 Bath2BR,1BA$1.41
Newark Apartments1BR/1.0BA1BR,1BA$1.28
Terrace ParkThe Cottonwood1BR,1BA$1.22
The Collective GlendaleStudio, 1 bathStudio ,1BA$1.38
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.

Denver, CO Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Marie

February 25, 2025

If you love sunshine and beautiful outdoor spaces, consider Denver. Parks dot the city and it's a short drive to amazing hiking, biking, rafting, kayaking, and fly fishing. There is always something to do in Denver, from professional sports to comedians to shows on the stage. In addition, you can find delicious restauarants and each area has its own unique vibe. Visit different areas and see which one fits with your own unique personality. Get around by car or utilize the city's light rail or bus sytem. If you want to live without a car, that's possible in Denver. You can make this city what you want.

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 $895.

What is the price of a cheap apartment in Denver?

The cheapest apartment in Denver is University Station Senior which is listed at $733, while the average apartment in Denver costs $3,281.

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 16,424 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 $481 which is $2,800 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.

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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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.