Cheap Apartments for Rent in the Downtown Neighborhood of Denver, CO from $500 (182 Rentals)

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

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

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Downtown - One of the Best Affordable Neighborhoods in 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!

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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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Downtown, Denver, CO Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Denver, CO is a Studio unit found at Haler Apartments priced from $795. Winbro has the second lowest priced unit, which is a Studio apartment currently listed from $845. Here are the most affordable Downtown apartments for rent in Denver, CO:

Apartment ListingModel NameBed/BathPriced From
Haler ApartmentsHaler StudioStudio,1BA$795
WinbroStudioStudio,1BA$845
1671 WashingtonStudioStudio,1BA$875
Capitol Square Apartments2 Beds, 2 baths2BR,2BA$880
Cross ApartmentsStudio BStudio,1BA$895
Logan FlatsStudioStudio,1BA$950
Grosvenor Arms ApartmentsStudioStudio,1BA$950
Skylark ApartmentsStudioStudio,1BA$965
Grant PlaceStudioStudio,1BA$980
1325 CoronaStudioStudio,1BA$985

Best Value Apartments for Rent in Downtown, CO

As of May 17, 2025 the best value apartment in the Downtown area is the $1.80 price per square foot LINCOLN Model at The Apartments at Denver Place in the in the Lower Downtown Denver neighborhood starting from $2,555. The second greatest value Downtown apartment is the Calloway Model at Solera starting at $2,377 with a $1.86 price per square foot in the Lower Downtown Denver neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Apartments at Denver PlaceLINCOLN2BR,2BA$1.80
SoleraCalloway2BR,2BA$1.86
The Ogden Arms at 945 Ogden2BR/1.0BA2BR,1BA$1.78
Sherman Arms Apartments2BR/1.0BA2BR,1BA$1.91
The Wolf Londoner Building2X12BR,1BA$1.87
Uptown Square Apartment HomesA0 One Bedroom1BR,1BA$1.88
Eugene Field1 Bedroom, 1 Bath1BR,1BA$1.80
The Birney Apartments1x11BR,1BA$1.64
Camelot Apartments1 Bed 1 Bath1BR,1BA$1.86
Ambassador1 Bedroom1BR,1BA$1.90

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown, Denver, CO

Ranked #10

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $985.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is 1431 Pearl St which is listed at $995, while the average apartment in Downtown costs $3,007.

What types of apartments are the cheapest in Downtown?

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 143 regular apartments in Downtown 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?

Cheap apartments in Downtown have an average cost of $510 which is $2,497 cheaper than the average rent for all rentals in Downtown.

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

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