Cheap Apartments for Rent in Denver, CO from $500 (1,948 Rentals)

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Search the lowest-cost Apartments available for rent right now in Denver.

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Capitol Square Apartments
Rent Specials
$733 - $2,522
Total Monthly Price

Total Monthly Price

Base Rent
$733 - $2,522
Total Monthly Price
$733 - $2,522
1 to 2 Bedroom Apartments Available Now

Capitol Square Apartments

1275 N Sherman StDenver, CO 80203
Affordability
  • Verified
  • Utilities Included
  • Low Income

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Experience Life as a Local: The Insider's Guide to Renting in Denver

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property at 1960 Sherman St

$850 - $1,225

Studio To 1 Bedroom Rentals

Available Now

1960 Sherman St

DenverCO80203
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The Capri Apartments
Rent Specials
$910 - $1,060
Total Monthly Price

Total Monthly Price

Base Rent
$895 - $1,045
Required Monthly Fees
$15
Total Monthly Price
$910 - $1,060
Studio to 1 Bedroom Apartments Available Now

The Capri Apartments

1250 Colorado BlvdDenver, CO 80206
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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Denver, CO Local Guide

Photo of Trey Huguley - Director, Product Marketing
Written By:
Trey Huguley
Director, Product Marketing

Cheapest Neighborhoods for Apartments in Denver, CO

Pricing Updated: 02/06/2026

Current apartment rentals in the Denver, CO area range in price from $525 to $17,671 with an overall median price of $2,967. The three Denver neighborhoods with the lowest median rent pricing are Whittier at $975, Brookside at $960, and Sheridan Boulevard at $939. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Denver Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Whittier$1,195$9752
Brookside$1,600$9609
Sheridan Boulevard$1,626$93952
Fort Logan$1,640$99533
Fruitdale$1,650$9609
Olinger Gardens$1,689$88048
Barths$1,689$1,15233
Oak Crest$1,900$1,140164
Mountain View$1,925$1,14435
Bel Aire$1,925$96014

Cheapest Available Denver Apartments for Rent

 

The cheapest available apartment rental in Denver, CO is a 1 Bed unit found at Park 16 Apartments in the Original Aurora neighborhood priced from $645. Avenida Del Sol in the South Alameda neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $733. Here is today’s list of the most affordable Denver apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park 16 Apartments1 Bedroom 1 Bathroom B1BR,1BA$645
Avenida Del SolA11BR,1BA$733
Palisade ApartmentsStudioStudio,1BA$745
Meridian Garden ApartmentsDaisy1BR,1BA$760
Caraway Apartments1 Bedroom1BR,1BA$788
Shoshone Senior Residences1 Bedroom 1 Bath1BR,1BA$788
Lincoln HeightsStudioStudio,1BA$795
Lynwood Apartments1 Bed 1 Bath1BR,1BA$795
Plaza WestStudio CStudio,1BA$795
Corona Court ApartmentsStudioStudio,1BA$795

Best Value Apartments for Rent in Denver, CO

As of February 06, 2026 the best value apartment in the Denver area is the $0.80 price per square foot 3 Bedroom 3 Bathroom Model at Villas in the in the Five Points neighborhood starting from $960. The second greatest value Denver apartment is the 3x2 Model at Allison Pointe starting at $1,336 with a $1.29 price per square foot in the Water Tower Village neighborhood. Here is today’s list of the best values for Denver apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Villas3 Bedroom 3 Bathroom3BR,3BA$0.80
Allison Pointe3x23BR,2BA$1.29
Harvin ApartmentsHarvin 2x12BR,1BA$1.18
Park 16 Apartments2 Bedrooms 1 Bathroom2BR,1BA$0.94
Redi High Street1 BR 1 B1BR,1BA$1.29
Avenida Del SolB12BR,1BA$1.07
University Lofts2BR/1BA2BR,1BA$1.27
Newark Apartments1BR/1.0BA1BR,1BA$1.15
Terrace ParkThe Cottonwood1BR,1BA$1.22
South Josephine Apartments1x1 (LIR)1BR,1BA$1.30

The Essential Guide to Denver Neighborhoods for Employees of Lockheed Martin, DIA, and Deloitte

Explore dynamic Denver neighborhoods like Ballpark, Five Points, and East Westminster. Find the perfect apartment with a great lifestyle and easy access to major employers and cultural hubs.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Student Renter's Ultimate Guide to Picking the Perfect Denver Neighborhood to Rent

Learn About the Best Neighborhoods to Rent Near College Campuses in Denver, CO | Find Denver Off-Campus Student Housing at ApartmentHomeLiving.com

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Denver Overview

Denver is the capital and the largest city in the state of Colorado. Known as the Mile-High City, because its elevation is exactly one mile above sea level, Denver is situated in north central Colorado. The city is surrounded by the Rocky Mountains to the west, and the High Plains to the east. This picturesque city has a population of nearly 700,000, and was listed as the No. 1 best place to live by US News & World Reports in 2016.

Why live in Denver, CO?

Denver is not only beautiful year-round, it also offers visitors and residents lots to do. The city is a mecca for sports fans being the home to all categories of major professional sports teams. The Broncos, Avalanche, Nuggets, and Rockies cover football, hockey, basketball, and baseball, so there is no shortage of teams to get out of your Denver apartment and root for. Additionally, Denver has much to offer, including family fun, outdoor activities, art and culture and history.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Denver, CO Rentals by Map

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See the most popular apartments and homes in Denver, CO

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Denver, CO Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Marie

February 25, 2025

If you love sunshine and beautiful outdoor spaces, consider Denver. Parks dot the city and it's a short drive to amazing hiking, biking, rafting, kayaking, and fly fishing. There is always something to do in Denver, from professional sports to comedians to shows on the stage. In addition, you can find delicious restauarants and each area has its own unique vibe. Visit different areas and see which one fits with your own unique personality. Get around by car or utilize the city's light rail or bus sytem. If you want to live without a car, that's possible in Denver. You can make this city what you want.

Frequently Asked Questions about Cheap Denver Apartments

What is a cheap apartment in Denver?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Denver is under $795.

What is the price of a cheap apartment in Denver?

The cheapest apartment in Denver is Park 16 Apartments which is listed at $645, while the average apartment in Denver costs $2,967.

What types of apartments are the cheapest in Denver?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 24,501 regular apartments in Denver that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Denver?

Cheap apartments in Denver have an average cost of $400 which is $2,567 cheaper than the average rent for all rentals in Denver.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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The 10 Best Affordable Neighborhoods in Denver, CO

Written by: Marie McGinnis

Denver is a beautiful city with ample opportunities for outdoor recreation and a wide variety of housing options. As your ApartmentHomeLiving.

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Your Guide to Picking the Perfect Denver Neighborhood for Student Renters

Written by: Marie McGinnis

Many dream of attending college in Denver. Nothing beats the big-city opportunities with close access to outdoor activities.

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The Essential Guide to Denver Neighborhoods for Employees of Lockheed Martin, DIA, and Deloitte

Written by: Marie McGinnis

Denver is a bustling city with a strong economy, numerous outdoor activities, and a robust cultural scene.

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Experience Life as a Local: The Insider's Guide to Renting in Denver

Written by: Marie McGinnis

Nothing beats the fresh Colorado air and numerous sunny days. In Denver, nature meets big city living, and there is no shortage of things to do. Hi, I'm Marie, your ApartmentHomeLiving.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.