Cheap Apartments for Rent in the Downtown Neighborhood of Denver, CO from $500 (173 Rentals)

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

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

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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Showing Results 1-50, Page 1 of 4

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 Palisade Apartments priced from $815. Grant Place has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here are the most affordable Downtown apartments for rent in Denver, CO:

Apartment ListingModel NameBed/BathPriced From
Palisade ApartmentsStudioStudio,1BA$815
Grant PlaceStudioStudio,1BA$835
WinbroStudioStudio,1BA$875
Capitol Square Apartments2 Beds, 2 baths2BR,2BA$880
The Jack KerouacStudioStudio,1BA$885
1630 PennsylvaniaStudioStudio,1BA$895
Emily DickinsonStudioStudio,1BA$900
Lincoln HeightsStudioStudio,1BA$900
1671 WashingtonStudioStudio,1BA$920

Best Value Apartments for Rent in Downtown, CO

As of March 27, 2025 the best value apartment in the Downtown area is the $1.74 price per square foot WELTON Model at The Apartments at Denver Place in the in the Lower Downtown Denver neighborhood starting from $1,725. The second greatest value Downtown apartment is the 2BR/1.0BA Model at The Ogden Arms at 945 Ogden starting at $1,625 with a $1.81 price per square foot in the CBD 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 PlaceWELTON1BR,1BA$1.74
The Ogden Arms at 945 Ogden2BR/1.0BA2BR,1BA$1.81
Central Park Terrace2 Beds, 1 Baths2BR,1BA$1.71
Residences at Capitol HeightsAmethyst1BR,1BA$1.92
1221 N Clarkson StStudio 1Studio ,1BA$1.69
The Birney Apartments1x11BR,1BA$1.71
Concord House1 Bedroom, 1 Bath1BR,1BA$1.92
AmbassadorStudioStudio ,1BA$1.67
Camelot Apartments1 Bed 1 Bath1BR,1BA$1.86
Grant PlaceStudioStudio ,1BA$1.84

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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 $920.

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 $3,019.

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 141 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 $1,419 which is $1,600 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.

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.