Average Rent in Denver by Neighborhood

This post, "What Is the Average Rent in Denver, CO?" was originally published on the Apartments.com Renterverse on October 5, 2022 and was updated on February 1, 2023. 

As of February 2023, the average apartment rent in Denver, CO is $1,495 for a studio, $1,605 for one bedroom, $1,963 for two bedrooms, and $2,555 for three bedrooms. Apartment rent in Denver has increased by 9.5% in the past year. 

Denver, Colorado was established in the mid-1800s as a mining town during the Gold Rush. You can find a balance between the old and new of Denver with rows of restaurants, independent shops, and lively nightlife in Victorian-era buildings downtown. Denver is a great choice for outdoor lovers with its location in the foothills of the Rocky Mountains. Locals enjoy more than 5,000 acres of parks, trails, golf courses, and playgrounds. Denver is also filled with cultural amenities, including the Denver Botanic Gardens, Union Station, Ogden Theatre, the Denver Zoo, the Denver Art Museum, and the Denver Museum of Nature and Science. With many choices of different activities, Denver has become a top choice for outdoor-loving families! 

No matter who you are, choosing a neighborhood can be tough. That’s why we've created this breakdown of the average rent in Denver by some of the city’s popular neighborhoods.  If you need help determining how much you can afford to pay in rent, check out our rent affordability calculator.

Capitol Hill

Denver’s famous Capitol Hill is a thriving urban neighborhood with local boutiques, trendy bars, and coffee shops. Locals love the attractions, such as the Denver Art Museum and Civic Center Park. Here you’ll find apartments ranging from historic to modern with the average rent ranging from $1,110 to $2,375 per month.  With its diverse community, historical significance, and abundant attractions, there’s no place quite like Capitol Hill in Denver! 

City Park

Found a mile east of downtown Denver, City Park provides locals with a blend of both nature and city life. The park has several playgrounds, picnic spots, lakeside trails, and historical monuments. You can also find the Denver Zoo and the Denver Museum of Nature and Science right in City Park, creating the perfect area to raise a family. Here you’ll find rent ranging from $1,309 to $3,197 per month, slightly above the overall average but perfect for active families!

Five Points

North of Downtown Denver, Five Points has cultivated a trendy and pedestrian-friendly neighborhood with urban charm. Residents enjoy the Mercury Café, the Roxy Denver, and the Cervantes’ Masterpiece. Five points is home to an array of local businesses such as Rosenberg’s Bagels, Dunbar Kitchen, and Tap House. Renters can choose between an abundance of high-rise, modern, and luxurious apartments, with an average rent ranging between $1,572 per month $2,224 per month. If you’re looking for something more affordable and family friendly, check out City Park! 

Sunnyside

Sunnyside is a vibrant neighborhood with a combination of historic charm, modern amenities, and family-friendly attractions. First established in 1858, Sunnyside is one of the original neighborhoods in the North of Denver. Here locals enjoy a wide variety of coffee shops, boutiques, and upscale restaurants. With more luxurious options comes higher rent, ranging from $1,821 per month to $3,781 per month. Sunnyside is a top option for commuters, but if you’re looking for a more affordable neighborhood check out Five Points.

Hale

Hale has created the perfect small-town feel just three miles away from the heart of Denver. Residents love the safe, neighborly atmosphere and access to Lindsey Park, which offers tennis courts, a baseball field, and a playground for the perfect family day at the park. Even with the small community, Hale has something to offers for everyone. From high-end condos to affordable rentals ranging from $1,434 per month to $3,459 per month, Hale is a great neighborhood for anyone searching for an apartment in Denver. 

Lincoln Park

Lincoln Park is the industrial part of Denver’s metro area. This premier location is just outside of downtown with proximity to other popular neighborhoods. As a part of the Santa Fe Arts District, Lincoln Park serves as a great place to live for anyone looking for culture. Rent in Lincoln Park ranges from $1,609 per month to $1,827 per month, but if you can't find enough space in this busy community, check out the City Park neighborhood. 

Riverfront Park

Redevelopment has defined the Riverfront Park neighborhood. Backdropped by the Millennium Bridge, the neighborhood has been transformed into a trendy, thriving community. Residents love the community activities and the restaurants, shops, and scenic views that the river provides. Anyone lucky enough to snag an apartment in Riverfront Park has a variety of modern apartments to choose from with rent prices ranging from $1,841 per month to $17,116 per month. If you’re looking for a neighborhood with a smaller range, check out Capitol Hill. 

You have plenty of options in the Mile High City, from its stunning views of the Rocky Mountains to its fantastic sports teams. When you're ready to start your search, you'll find a variety of apartments in Denver to choose from.

Apartment rent data is provided by CoStar Group’s February 2023 Denver Market Report.

Published February 1, 2023

ABOUT THE AUTHOR

Hi! I’m Helen Wells, the Content Writer Intern here at Apartments.com. In my spare time, you can find me either reading a novel, watching the latest TV drama, or hanging out with my friends. Follow me on Twitter at @hawells21.