Average Rent in Denver & Rent Price Trends
Considering a moving to Denver, one of the best cities for remote workers? Before you start apartment hunting, learn about the local rental market. Make sure you know the average rent in Denver to get your budget started!
Average Rent in Denver
- The average rent for a Denver studio apartment is $1,672.
- The average rent for a Denver 1-bedroom apartment is $1,852.
- The average rent for a Denver 2-bedroom apartment is $2,462.
- The average rent for a Denver 3-bedroom apartment is $2,889.
Note: The data provided reflects our available units on Apartment List. For data that reflects the entire market, we recommend you visit our Rent Report, which is created based on our holistic methodology. You can also download the raw data containing rent estimates for hundreds of cities across the country.
Denver Rent Trends: Rent Growth
Denver rents have increased by 2.7% compared to last month, and are up by 16.47% compared to last year.
Denver Rent Trends: Inventory by Average Apartment Rent
- 0% of apartments in Denver cost less than $1,000 per month.
- 55% of apartments in Denver cost between $1,000-$1,999 per month.
- 35% of apartments in Denver cost between $2,000-$2,999 per month.
- 10% of apartments in Denver cost over $3,000 per month.
Denver Rent Trends: Inventory by Apartment Type
- 9% of apartments in Denver are studio apartments.
- 51% of apartments in Denver are 1-bedroom apartments.
- 34% of apartments in Denver are 2-bedroom apartments.
- 7% of apartments in Denver are 3-bedroom apartments.
Average Rent in Denver Neighborhoods
Have your ideal Denver neighborhood already picked out? Rent prices across neighborhoods can vary, so get familiar with the average rent prices across the various neighborhoods in Denver.
- The most expensive neighborhoods in Denver are Cheery Creek ($2,467), Downtown Denver ($2,401), and Speer ($2,231).
- The most affordable neighborhoods in Denver are Hampden South ($1,551), Hampden ($1,424), and Washington Virginia Vale ($1,295).
Learn about the best neighborhoods in Denver.
| Neighborhood | Average 1-BR Rent |
|---|---|
| Cherry Creek | $2,467 |
| Downtown Denver | $2,401 |
| Speer | $2,231 |
| Highland | $2,157 |
| LoDo | $2,072 |
| East Central Denver | $1,969 |
| North Central Denver | $1,928 |
| River North Art District | $1,925 |
| University Park | $1,885 |
| Denver Central Business District | $1,875 |
What Salary Do You Need to Live in Denver?
Using the 30% rule, we can give a rough estimate of the salary needed to rent an apartment in Denver. If these numbers look high, remember that a roommate or two can drastically cut down your monthly rent!
- If you are renting an average priced studio apartment in Denver, your annual salary should be around $60,192 or higher.
- If you are renting an average priced 1-bedroom apartment in Denver, your annual salary should be around $66,672 or higher.
- If you are renting an average priced 2-bedroom apartment in Denver, your annual salary should be around $88,632 or higher.
- If you are renting an average priced 3-bedroom apartment in Denver, your annual salary should be around $104,004 or higher.
If you're considering renting in Colorado, be sure to learn more about the cost of living in Denver and the cost of living in Colorado Springs.
If you need more help finding how much rent you can afford in Denver, try our rent calculator.
Ready to start apartment hunting in Denver? Find your dream Denver apartment by starting our quiz!