Best Affordable Neighborhoods in Denver, CO
Some of the cheapest neighborhoods in Denver are Glen Meadows Condominiums, Sunset Terrace, and Midtown Denver. These neighborhoods offer some of the lowest rent prices in Denver, making them ideal for renters on a budget. As of November 8, 2025, the average rent in Denver is $1,602, which is 2.7% 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
$892/Month
TransitScore® Rating
0/100
Units Available
10 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out Glen Meadows Condominiums. The average rent is $892, compared to the city average of $1,602. Glen Meadows Condominiums is convenient to Holly Recreation Area, Grand Blanc Marketplace, and Grand Mall. The community is car-dependent with a WalkScore® of 4.
Sunset Terrace
Average Rent
$1,067/Month
Units Available
25 Rentals
Sunset Terrace is an affordable neighborhood in Denver with an average rent price of $1,067. Compare this to the city average of $1,602. Sunset Terrace provides easy access to Evans Retail Center, Writer Brothers Sunset Center, and Chamberlin & Mt. Evans Observatories.
Midtown Denver
Average Rent
$1,073/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
14/100
Units Available
109 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Midtown Denver might be the perfect place! It has an average rent price of $1,073, while the city’s average stands at $1,602. In the last year, prices have increased by 1.9%. Midtown Denver is near Community College Of Denver, Children's Museum of Denver, and 30Th-Downing.
Garfield Heights
Average Rent
$1,089/Month
TransitScore® Rating
42/100
Units Available
41 Rentals
Garfield Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Garfield Heights is $1,089 while the city average is $1,602. Residents enjoy convenient access to Denver International, Perry, and History Colorado Center. The neighborhood is considered walkable with a WalkScore® of 74.
South Capitol Hill
Average Rent
$1,103/Month
TransitScore® Rating
42/100
Units Available
18 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out South Capitol Hill. The average rent is $1,103, compared to the city average of $1,602. South Capitol Hill is convenient to Denver Botanic Gardens at York St., Comm. Coll. of Aurora at Lowry, and Hilltop Center. The community is walkable with a WalkScore® of 75.
Harvey Park
Average Rent
$1,108/Month
Year-Over-Year Rent Change
8.1%
TransitScore® Rating
40/100
Units Available
79 Rentals
Harvey Park is an affordable neighborhood in Denver with an average rent price of $1,108. Compare this to the city average of $1,602. In the past year, rent prices have decreased by 8.1%. Harvey Park provides easy access to University of Denver, Hudson Gardens, and Denver International. It’s a somewhat walkable neighborhood with a WalkScore® of 65.
Perl Mack Manor
Average Rent
$1,121/Month
TransitScore® Rating
12/100
Units Available
18 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Perl Mack Manor might be the perfect place! It has an average rent price of $1,121, while the city’s average stands at $1,602. Perl Mack Manor is near 27Th-Welton, Union Station Track 12, and Denver International.
Barnum West
Average Rent
$1,148/Month
TransitScore® Rating
36/100
Units Available
18 Rentals
Barnum West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Barnum West is $1,148 while the city average is $1,602. Residents enjoy convenient access to Knox, Children's Museum of Denver, and Community College Of Denver. The neighborhood is considered walkable with a WalkScore® of 71.
Virginia Vale
Average Rent
$1,149/Month
Units Available
53 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out Virginia Vale. The average rent is $1,149, compared to the city average of $1,602. Virginia Vale is convenient to Monaco Square, Yale, and Denver Botanic Gardens at York St..
Mar Lee
Average Rent
$1,157/Month
Year-Over-Year Rent Change
8.9%
TransitScore® Rating
42/100
Units Available
49 Rentals
Mar Lee is an affordable neighborhood in Denver with an average rent price of $1,157. Compare this to the city average of $1,602. In the past year, rent prices have decreased by 8.9%. Mar Lee provides easy access to Community College Of Denver, MSU Denver, and King Sooper Center. It’s a walkable neighborhood with a WalkScore® of 78.
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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.