Cheap Apartments for Rent in the Downtown Neighborhood of Denver, CO from $500 (184 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 area of Denver.

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.

Read Article

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!

Read Article

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

Read Article
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 2 Beds unit found at Capitol Square Apartments priced from $880. Lincoln Heights has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Downtown apartments for rent in Denver, CO:

Apartment ListingModel NameBed/BathPriced From
Capitol Square Apartments2 Beds, 2 baths2BR,2BA$880
Lincoln HeightsStudioStudio,1BA$895
1671 WashingtonStudioStudio,1BA$895
WinbroStudioStudio,1BA$895
Haler ApartmentsHaler StudioStudio,1BA$945
The JeffersonStudio EStudio,1BA$949
Grosvenor Arms ApartmentsStudioStudio,1BA$950
Logan FlatsStudioStudio,1BA$950
1431 Pearl St1 bedroom1BR,1BA$995
AmbassadorStudio1BR,1BA$1,000

Best Value Apartments for Rent in Downtown, CO

As of April 16, 2025 the best value apartment in the Downtown area is the $1.58 price per square foot C Three Bedroom Model at Uptown Square Apartment Homes in the in the CBD neighborhood starting from $2,532. The second greatest value Downtown apartment is the LINCOLN Model at The Apartments at Denver Place starting at $2,575 with a $1.81 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.
Uptown Square Apartment HomesC Three Bedroom3BR,2BA$1.58
The Apartments at Denver PlaceLINCOLN2BR,2BA$1.81
Park Avenue WestTwo Bedroom B (80%)2BR,1.75BA$1.77
The Ogden Arms at 945 Ogden2BR/1.0BA2BR,1BA$1.73
Central Park Terrace2 Beds, 1 Baths2BR,1BA$1.71
Villa Wynanda1 Bedroom1BR,1BA$1.85
The St. Charles2 Bedroom 1 Bath2BR,1BA$1.94
The Birney Apartments1x11BR,1BA$1.71
Concord House1 Bedroom, 1 Bath1BR,1BA$1.83
Ambassador1 Bedroom1BR,1BA$1.90

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, CO

Ranked #12

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

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 $1,000.

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 $2,929.

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 146 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 $842 which is $2,087 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.

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 Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.