Cheap Apartments for Rent in the Downtown Denver Neighborhood of Denver, CO from $500 (541 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Downtown Denver

Named as one of the Best Affordable Neighborhoods to rent in Denver, CO by our Denver, CO Local Expert Marie McGinnis. See how it ranks!

Read Article
Showing Results 1-50, Page 1 of 11

Downtown Denver, Denver, CO Local Guide

Cheapest Available Downtown Denver Apartments for Rent

 

The cheapest available apartment rental in the Downtown Denver area of Denver, CO is a Studio unit found at Grant Place priced from $825. The Adele has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Downtown Denver apartments for rent in Denver, CO:

Apartment ListingModel NameBed/BathPriced From
Grant PlaceStudioStudio,1BA$825
The AdeleStudioStudio,1BA$850
X DenverCOLIVING Suites in 4 BR/4BA - 1AStudio,1BA$859
Capitol Square Apartments2 Beds, 2 baths2BR,2BA$880
1671 WashingtonStudioStudio,1BA$880
WinbroStudioStudio,1BA$895
Lincoln HeightsStudioStudio,1BA$895
Nexus @ DowningStudio, 1 BathroomStudio,1BA$895
Corona Court ApartmentsStudioStudio,1BA$925
Haler ApartmentsHaler StudioStudio,1BA$945

Best Value Apartments for Rent in Downtown Denver, CO

As of April 12, 2025 the best value apartment in the Downtown Denver area is the $0.74 price per square foot C1 Model at Villas in the in the Five Points neighborhood starting from $880. The second greatest value Downtown Denver apartment is the 1289 W Custer Pl Model at 1289 W Custer Pl, Unit 1289 w custer place starting at $1,499 with a $1.50 price per square foot in the Washington Park neighborhood. Here is today’s list of the best values for Downtown Denver apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
VillasC13BR,3BA$0.74
1289 W Custer Pl, Unit 1289 w custer place1289 W Custer Pl1BR,1BA$1.50
The Apartments at Denver PlaceWELTON1BR,1BA$1.55
Frances Apartments2x12BR,1BA$1.43
Redi High Street1 BR 1 B1BR,1BA$1.29
Vida Apartments1 Bedroom, 1 Bath1BR,1BA$1.62
Milagros Apartments1X11BR,1BA$1.62
Cambridge PlaceOne Bedroom1BR,1BA$1.62
Lafayette Gardens1330 Lafayette Street Denver1BR,1BA$1.62
3 Weeks RENT CREDIT on 2 bedrooms! Call t1BR/1.0BA1BR,1BA$1.67

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Denver, Denver, CO

Ranked #1

Among neighborhoods in Denver, CO for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Downtown Denver, Denver, CO

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Colorado and customized analysis for Central Denver, CO. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Denver Apartments

What is a cheap apartment in Downtown Denver?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Denver is under $945.

What is the price of a cheap apartment in Downtown Denver?

The cheapest apartment in Downtown Denver is The Yellow House which is listed at $985, while the average apartment in Downtown Denver costs $3,029.

What types of apartments are the cheapest in Downtown 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 189 regular apartments in Downtown 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 Downtown Denver?

Cheap apartments in Downtown Denver have an average cost of $1,546 which is $1,483 cheaper than the average rent for all rentals in Downtown 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.