Best Affordable Neighborhoods in Denver, CO
Some of the cheapest neighborhoods in Denver are Glen Meadows Condominiums, Raintree, and Ruby Hill. These neighborhoods offer some of the lowest rent prices in Denver, making them ideal for renters on a budget. As of March 25, 2026, the average rent in Denver is $1,615, 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.
Glen Meadows Condominiums
Average Rent
$894/Month
Units Available
12 Rentals
Glen Meadows Condominiums is an affordable neighborhood in Denver with an average rent price of $894. Compare this to the city average of $1,615. Glen Meadows Condominiums provides easy access to Baker College of Flint, Grand Blanc Marketplace, and Holly Recreation Area.
Raintree
Average Rent
$1,015/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Raintree might be the perfect place! It has an average rent price of $1,015, while the city’s average stands at $1,615. Raintree is near Colorado, Denver Museum of Nature & Science, and Plaza Esteban.
Ruby Hill
Average Rent
$1,058/Month
Year-Over-Year Rent Change
0.1%
Units Available
12 Rentals
Ruby Hill is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ruby Hill is $1,058 while the city average is $1,615. This is a 0.1% difference from last year. Residents enjoy convenient access to Civic Center Park, Evans, and I-25-Broadway.
Sunset Terrace
Average Rent
$1,068/Month
Units Available
14 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out Sunset Terrace. The average rent is $1,068, compared to the city average of $1,615. Sunset Terrace is convenient to University Of Denver, Colorado, and University of Denver.
Southeast
Average Rent
$1,073/Month
Year-Over-Year Rent Change
0.7%
Units Available
10 Rentals
Southeast is an affordable neighborhood in Denver with an average rent price of $1,073. Compare this to the city average of $1,615. In the past year, rent prices have increased by 0.7%. Southeast provides easy access to Washington Park, DeKoevend Park, and University of Denver.
Range View
Average Rent
$1,080/Month
Units Available
38 Rentals
If you’re looking for a great, affordable neighborhood in Denver, Range View might be the perfect place! It has an average rent price of $1,080, while the city’s average stands at $1,615. Range View is near 800-850 S Havana St, University of Denver, and Iliff Station.
Barnum West
Average Rent
$1,085/Month
Units Available
17 Rentals
Barnum West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Barnum West is $1,085 while the city average is $1,615. Residents enjoy convenient access to Alameda Crossing, MSU Denver, and Centennial Gardens.
Cory-Merrill
Average Rent
$1,095/Month
Units Available
26 Rentals
When you’re looking for a great Denver neighborhood on a budget, check out Cory-Merrill. The average rent is $1,095, compared to the city average of $1,615. Cory-Merrill is convenient to Chamberlin & Mt. Evans Observatories, Regal Shoppes, and MSU Denver.
Perl Mack Manor
Average Rent
$1,095/Month
Units Available
50 Rentals
Perl Mack Manor is an affordable neighborhood in Denver with an average rent price of $1,095. Compare this to the city average of $1,615. Perl Mack Manor provides easy access to Regis University, Front Range C.C., Westminster, and Pecos Retail Center.
Midtown Denver
Average Rent
$1,099/Month
Year-Over-Year Rent Change
0.5%
Units Available
139 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 $1,099, while the city’s average stands at $1,615. In the last year, prices have increased by 0.5%. Midtown Denver is near Turnpike Retail Center, Landry's Downtown Aquarium, and Community College Of Denver.
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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.