Best Affordable Neighborhoods in Denver, CO
Some of the cheapest neighborhoods in Denver are Barnum West, Cory-Merrill, and Harvey Park. These neighborhoods offer some of the lowest rent prices in Denver, making them ideal for renters on a budget. As of May 10, 2026, the average rent in Denver is $1,624, which is 3.4% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Barnum West
Average Rent
$1,036/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Barnum West might be the perfect place! It has an average rent price of $1,036, while the city’s average stands at $1,624. Barnum West is near Sheridan Center, Alameda Crossing, and Clements Community Center.
Cory-Merrill
Average Rent
$1,097/Month
Units Available
27 Rentals
Cory-Merrill is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cory-Merrill is $1,097 while the city average is $1,624. Residents enjoy convenient access to Denver Botanic Gardens at York St., Chamberlin & Mt. Evans Observatories, and University of Denver.
Harvey Park
Average Rent
$1,099/Month
Year-Over-Year Rent Change
10.8%
Units Available
84 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out Harvey Park. The average rent is $1,099, compared to the city average of $1,624. Rent prices have decreased by 10.8%. Harvey Park is convenient to Evans, Community College Of Denver, and Alameda.
Midtown Denver
Average Rent
$1,104/Month
Year-Over-Year Rent Change
0.1%
Units Available
145 Rentals
Midtown Denver is an affordable neighborhood in Denver with an average rent price of $1,104. Compare this to the city average of $1,624. In the past year, rent prices have decreased by 0.1%. Midtown Denver provides easy access to Turnpike Retail Center, Greenbriar Plaza, and MSU Denver.
Mar Lee
Average Rent
$1,142/Month
Year-Over-Year Rent Change
10.8%
Units Available
43 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Mar Lee might be the perfect place! It has an average rent price of $1,142, while the city’s average stands at $1,624. In the last year, prices have decreased by 10.8%. Mar Lee is near History Colorado Center, University of Denver, and 1409-1423 S Federal Blvd.
North Denver
Average Rent
$1,197/Month
Year-Over-Year Rent Change
8.3%
Units Available
192 Rentals
North Denver is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Denver is $1,197 while the city average is $1,624. This is a -8.3% difference from last year. Residents enjoy convenient access to Greenbriar Plaza, Denver International, and 25Th-Welton.
Ruby Hill
Average Rent
$1,198/Month
Year-Over-Year Rent Change
4.4%
Units Available
13 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out Ruby Hill. The average rent is $1,198, compared to the city average of $1,624. Rent prices have decreased by 4.4%. Ruby Hill is convenient to University Of Denver, Athmar Park, and Chamberlin & Mt. Evans Observatories.
Kennedy
Average Rent
$1,205/Month
Year-Over-Year Rent Change
3.1%
Units Available
133 Rentals
Kennedy is an affordable neighborhood in Denver with an average rent price of $1,205. Compare this to the city average of $1,624. In the past year, rent prices have decreased by 3.1%. Kennedy provides easy access to University of Colorado Denver, Denver International, and Southmoor.
Westwood
Average Rent
$1,207/Month
Year-Over-Year Rent Change
0.8%
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Westwood might be the perfect place! It has an average rent price of $1,207, while the city’s average stands at $1,624. In the last year, prices have increased by 0.8%. Westwood is near Knox, Alameda, and Landry's Downtown Aquarium.
Washington Virginia Vale
Average Rent
$1,224/Month
Year-Over-Year Rent Change
0.6%
Units Available
285 Rentals
Washington Virginia Vale is a top choice for budget-conscious renters for a variety of reasons. The average rent in Washington Virginia Vale is $1,224 while the city average is $1,624. This is a -0.6% difference from last year. Residents enjoy convenient access to City Park of Denver, University Of Denver, and Denver Museum of Nature & Science.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.