Is Denver, CO, Affordable for Renters? [2025]

Yes, Denver is generally affordable for renters in 2025. The city's median rent is $1,683, which is higher than the national average of $1,400. Denver prices are now down 5.2% year over year.

Denver is not only affordable but also walkable in many neighborhoods, enhancing the city’s appeal. Denver also has public transportation options that include buses and a light rail, which help residents get around efficiently.

What Are the Current Trends in Denver’s Rental Market?

Demand for Colorado apartments is strong due to steady population growth. But new construction throughout the city is helping ease competition in several Denver neighborhoods.

Apartment List has observed that while luxury rentals continue to enter the market, more midrange apartments are becoming available as landlords adjust pricing to attract long-term tenants. Seasonal fluctuations are also a factor as rental prices often dip slightly in late fall and winter before increasing again in the spring.

Another current trend in Denver is the rise in concessions, such as one or two months of free rent or reduced deposits. These incentives are more common in large apartment complexes, where vacancies may be higher. For renters who are flexible on move-in dates, these offers can translate to meaningful savings.

Average Rent Prices in Denver

As of 2025, the average cost for rentals in Denver varied significantly depending on location, apartment size, and available amenities.

Note: We used internal data and cross-referenced with neighborhood data from Rent.com to give you the most accurate snapshot of rents across Denver as of September 2025.

What Is the Average Rent of a One-Bedroom Apartment in Denver?

A one-bedroom apartment in Denver typically rents for $1,809 per month on average. As in many cities, prices are higher downtown and in trendy neighborhoods, but may be lower in outer suburbs.

For example, in popular areas like LoHi or the River North Art District (RiNo), one-bedroom rentals often exceed $2,500, especially in new high-rise apartments. By contrast, neighborhoods further from the city center, such as Capitol Hill or Congress Park, have average one-bedroom rentals below $1,400.

What Is the Average Rent of a Two-Bedroom Apartment in Denver?

Two-bedroom apartments in Denver average roughly $2,395 per month, and some neighborhoods, like Washington Park, can run renters closer to $2,600 or more.

Larger rentals with upgraded finishes and amenities, including gyms, rooftop decks, or in-unit laundry, command premium pricing. In contrast, older two-bedroom apartments in less competitive neighborhoods with fewer amenities can oftentimes be found for under $2,000, particularly in late fall or winter when demand slows.

How Much Rent Can I Afford in Denver?

Most experts recommend spending no more than 30% of your monthly income on rent. In Denver, that means a household earning $80,000 per year could afford about $2,000 per month for an apartment.

With that said, some Denver rentals could have residents exceeding that guideline. Younger renters, or those with moderate incomes, can save by getting roommates, choosing smaller apartments, or living slightly outside the city limits, where rent is cheaper.

Here’s how Denver compares in 2025.

*Cost of Living Index (U.S. average = 100) data sourced from Sperling’s BestPlaces.

The 30% Rule

The 30% rule is a budgeting guideline that suggests keeping your rent below 30% of your gross monthly income. For example, if you earn $4,500 a month before taxes, that means spending no more than $1,350 on rent. In a city like Denver, this rule can serve as a helpful starting point to keep people on budget.

The 50/30/20 Rule

This 50/30/20 method breaks down your after-tax income into three buckets: 50% for needs, 30% for wants, and 20% for savings or debt payments. Rent falls in the needs category, alongside groceries, transportation, utilities, and insurance bills. In other words, rent shouldn’t take up the entire 50%. If your take-home pay is $4,000 a month, aim to keep all essential expenses under $2,000.

The 3x Rent Rule

Your gross monthly income should be at least three times the rent. If you’re eyeing a $1,500 dream apartment in Denver, you’d need to make at least $4,500 per month to qualify under this rule. It’s a quick way for property managers to gauge an applicant's financial stability.

How Does the Overall Cost of Living in Denver Compare to the National Average?

Denver’s overall cost of living is 27.6% higher than the national average, but this gap has narrowed as rental prices have leveled off. As of September 2025, Denver’s average overall rent is $2,223, a modest 5.4% more than the $2,110 national average. Housing remains one of the city’s most significant expenses.

Are Utilities and Other Expenses Affordable in Denver?

Utility costs in Denver average $150 to $200 per month for a standard apartment, depending on season and unit size. For example, for a 915-square-foot apartment, renters can expect to pay an average of $172.51. Internet service runs $64.23 monthly on average.

Because Denver has cold winters and warm summers, heating and cooling can be significant expenses throughout the year. Many modern rentals include some utilities in rent, but renters in older apartments should budget for higher winter heating costs, especially if heat is electric rather than gas.

How Does the Cost of Renting Vary By Neighborhood in Denver?

Rent in Denver varies widely by neighborhood, with location, apartment features, and building type being the biggest factors. Below is a snapshot of starting prices and rental market trends across popular Denver neighborhoods to help you find the right balance between budget and lifestyle.

What Is Rent Like in Denver’s Cheapest Neighborhoods?

In Denver’s most affordable neighborhoods, one-bedroom apartments often rent for less than $1,800. These are below the average Denver rents of $1,966 for a one-bedroom apartment.

Areas such as Indian Creek, East Denver, and Far Northeast Denver tend to have lower-cost rentals, particularly in older apartment buildings or small single-family homes for rent. These neighborhoods are a good fit for renters willing to trade proximity to downtown for lower monthly costs.

Indian Creek

Located in southeastern Denver, Indian Creek is known for quiet streets, a blend of homes and townhouses, and a neighborly atmosphere. The area is close to public transportation, Cherry Creek State Park, and the Cherry Creek Shopping Center.

East Denver

East Denver is known for being culturally diverse and energetic. The area is close to various major highways, making it easy to get downtown. The neighborhood has a variety of dining options that are easy to access. East Denver is also known for being one of the more family-friendly parts of town.

Far Northeast Denver

Far Northeast Denver is one of Denver's most ethnically diverse areas. It's known for affordable housing, grocery and dining options, arts and culture, and a variety of cultural spaces.

What Is Rent Like in Denver’s Most Expensive Neighborhoods?

In Denver’s priciest neighborhoods, many apartments feature high-end finishes, concierge services, and premium locations near shopping, restaurants, and cultural attractions. Demand is often high with these dream homes, so apartment prices rarely drop below the citywide average of $1,966 for a one-bedroom apartment.

Southeast Central Denver

Southeast Central Denver, located near Interstate 25, has a variety of residential styles. The area boasts community activities, such as farmers markets and beer gardens, as well as a variety of shopping centers, restaurants, and hiking opportunities. The University of Denver isn’t too far either, making the neighborhood appealing to students.

West Highland

West Highland blends turn-of-the-century homes with trendy boutiques, coffee shops, and restaurants, giving it a walkable, community-focused feel. Residents adore the tree-lined streets, neighborhood parks, and easy access to downtown areas while still enjoying a calmer, laid-back atmosphere. With its mix of historic character and modern conveniences, West Highland is popular with both longtime residents and newcomers looking for a vibrant yet chill area to call home.

North Central Denver

North Central Denver is known for its tree-lined streets, historic homes, and overall charm. The town center and pedestrian-friendly layout make navigating this walkable neighborhood a breeze.

What Is a Comfortable Salary for a Renter in Denver?

The average Denver rent is $2,223. According to the 30% rule, a renter would ideally earn at least $88,920 annually to afford that price.

This figure accounts for average rental prices, apartment utilities, transportation, and other living expenses. Roommates or couples who live together can split costs, making the city’s apartments more affordable for individuals who earn less.

Are There Hidden Costs to Renting in Denver?

Yes, there can be hidden fees. In addition to rent, many Denver apartments require application fees, security deposits, pet fees, and parking charges.

• Renters insurance: Typically around $12 per month in Denver, often required by landlords.
• Application and administrative fees: Often $30 to $150 for processing, plus $100 to $200 in administrative costs.
• Parking and building amenities: Every building is different, but parking costs can average between $50 and $300. Price will depend on whether the space is covered or uncovered.
• Pet fees: Pet fees can range from $100 to $500, and the average monthly pet rent is between $25 and $50 per month
• Moving costs: Moving costs in Denver vary depending on the size of your apartment and how much stuff you have. Local movers average out to about $85 an hour, or between $350 and $1,500, for a move.
• Security deposits: In Denver, security deposits are usually one month’s rent, but by law, landlords can charge up to two months’ rent.

Some rentals also charge monthly for amenity fees or utilities that are not included in base rent. It's best to ask landlords for a full breakdown of monthly and move-in costs before signing a lease to avoid surprises.

What Are the Best Ways to Save on Rent in Denver?

To save on rent in Denver, consider moving in the off-season, negotiating lease terms, or exploring neighborhoods outside the city center.

Privately owned rentals, rather than large apartment complexes, are likely to have lower prices. Living with roommates, negotiating longer lease terms, and moving into older apartments may further reduce monthly housing costs.

Find an Apartment in Denver, Colorado

Don’t waste weeks scrolling or settle for a place that doesn’t fit. Denver has something for every budget and lifestyle.

Take the personalized Apartment List quiz to get matched with apartments that fit your needs, must-haves, and move-in timeline. With us, you’ll spend five minutes and save 50 hours searching.

Is Denver Affordable for Renters? FAQs

Is renting cheaper than buying a home in Denver?

Yes, it can be. In some cases, renting an apartment in Denver can be cheaper month to month than buying a home, especially when you factor in mortgage rates above 6%, property taxes, homeowners association fees, and maintenance costs.

Our research shows that the average monthly mortgage payment for a median-priced home in Denver is often several hundred dollars more than rent for a comparable apartment. For many residents, especially those who are not ready for a long-term commitment, rentals offer more financial flexibility and less risk in the short term.

Is Denver’s rental market competitive?

Yes, Denver’s rental market is moderately competitive. There are times when desirable apartments in central neighborhoods rent within days of being listed.

While more apartment construction has eased the pressure of looking for a dream home, there is still a demand for walkable, transit-accessible areas. Renters looking for the best deals often start searching 30 to 60 days before their desired move-in date and stay ready to apply quickly when a good rental becomes available.

What’s a livable wage in Denver?

According to the MIT Living Wage Calculator, a single adult without children would need to make $27.01 an hour to remain above the poverty line. Those who earn below this range will likely find it challenging to afford life in Denver. Roommates or smaller rentals can help reduce the necessary income.

What if I can’t afford rent in Denver?

If you can’t afford your current or upcoming rent in Denver, options include considering a studio apartment, finding roommates, moving to a more affordable neighborhood, or seeking income-based housing programs.

Many residents also explore privately owned rentals in older apartment buildings, which may have lower monthly costs than luxury complexes.

Are utilities typically included in rent in Denver?

It depends on the apartment building. Many modern Denver apartments include water, trash, and gas in rent, but electricity and internet are usually separate.

Older rentals may include fewer utilities, leaving tenants responsible for most bills. Always double-check the lease or ask upfront so you can budget accurately.