Best Affordable Neighborhoods in Denver, CO
Some of the cheapest neighborhoods in Denver are Glen Meadows Condominiums, Sunset Terrace, and Harvey Park. These neighborhoods offer some of the lowest rent prices in Denver, making them ideal for renters on a budget. As of December 24, 2025, the average rent in Denver is $1,590, which is 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.
Glen Meadows Condominiums
Average Rent
$898/Month
TransitScore® Rating
0/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Glen Meadows Condominiums might be the perfect place! It has an average rent price of $898, while the city’s average stands at $1,590. Glen Meadows Condominiums is near Ortonville Recreation Area, Bishop International, and Grand Mall.
Sunset Terrace
Average Rent
$1,048/Month
Units Available
25 Rentals
Sunset Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in Sunset Terrace is $1,048 while the city average is $1,590. Residents enjoy convenient access to Writer Brothers Sunset Center, Yale, and Denver Botanic Gardens at York St..
Harvey Park
Average Rent
$1,083/Month
Year-Over-Year Rent Change
4.7%
TransitScore® Rating
40/100
Units Available
85 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out Harvey Park. The average rent is $1,083, compared to the city average of $1,590. Rent prices have decreased by 4.7%. Harvey Park is convenient to Sheridan Plaza, Oxford-City Of Sheridan, and Evans. The community is somewhat walkable with a WalkScore® of 65.
Midtown Denver
Average Rent
$1,092/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
14/100
Units Available
117 Rentals
Midtown Denver is an affordable neighborhood in Denver with an average rent price of $1,092. Compare this to the city average of $1,590. In the past year, rent prices have increased by 0.6%. Midtown Denver provides easy access to Greenbriar Plaza, Turnpike Retail Center, and Children's Museum of Denver. It’s a somewhat walkable neighborhood with a WalkScore® of 53.
Holly Hills
Average Rent
$1,109/Month
TransitScore® Rating
35/100
Units Available
49 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Holly Hills might be the perfect place! It has an average rent price of $1,109, while the city’s average stands at $1,590. Holly Hills is near Denver Museum of Nature & Science, Yale Station, and Washington Park.
Southeast
Average Rent
$1,115/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
24/100
Units Available
12 Rentals
Southeast is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southeast is $1,115 while the city average is $1,590. This is a -3.2% difference from last year. Residents enjoy convenient access to Washington Park, Belleview, and Chamberlin & Mt. Evans Observatories. The neighborhood is considered somewhat walkable with a WalkScore® of 57.
Coronado
Average Rent
$1,123/Month
TransitScore® Rating
0/100
Units Available
36 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out Coronado. The average rent is $1,123, compared to the city average of $1,590. Coronado is convenient to 27Th-Welton, North Washington Shopette, and 25Th-Welton. The community is car-dependent with a WalkScore® of 34.
South Capitol Hill
Average Rent
$1,125/Month
TransitScore® Rating
42/100
Units Available
19 Rentals
South Capitol Hill is an affordable neighborhood in Denver with an average rent price of $1,125. Compare this to the city average of $1,590. South Capitol Hill provides easy access to Colorado, MSU Denver, and City Park of Denver. It’s a walkable neighborhood with a WalkScore® of 75.
Kensington
Average Rent
$1,125/Month
TransitScore® Rating
52/100
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Kensington might be the perfect place! It has an average rent price of $1,125, while the city’s average stands at $1,590. Kensington is near University of Colorado Denver, 13Th Ave Station, and 2Nd & Abilene Station.
Perl Mack Manor
Average Rent
$1,133/Month
TransitScore® Rating
12/100
Units Available
25 Rentals
Perl Mack Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Perl Mack Manor is $1,133 while the city average is $1,590. Residents enjoy convenient access to Centennial Gardens, Two Ponds National Wildlife Refuge, and Greenbriar Plaza. The neighborhood is considered somewhat walkable with a WalkScore® of 68.
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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.