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Apartment List - your Rental Concierge
Start Your Denver Apartment Search
How many bedrooms do you need?
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Average Rent in Denver & Rent Price Trends

October 5, 2021

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

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 rents have increased by 2.7% compared to last month, and are up by 16.47% compared to last year.

  • 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.

  • 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.

Learn about the best neighborhoods in Denver.

NeighborhoodAverage 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!

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AUTHOR
Justin is a Content Manager and contributing author at Apartment List, helping people navigate the world of renting. Justin previously spent his time earning his BBA in Marketing from Boise State University. Read More
SENIOR RESEARCH ASSOCIATE
Rob is a senior research associate at Apartment List, where he examines trends in the housing and rental markets. Previously he worked in public health policy, and before that, graduated from UCLA with a degree in Globalization. Read More
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