Cheap Apartments for Rent in the Downtown Neighborhood of Denver, CO from $500 (196 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 1960 Sherman St

1960 Sherman St

DenverCO80203

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Downtown - One of the Best Affordable Neighborhoods in Denver

Named as one of the Best Affordable Neighborhoods to rent in Denver, CO by our Denver, CO Local Expert Marie McGinnis. See how it ranks!

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Downtown, Denver, CO Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown area of Denver, CO is a Studio unit found at Palisade Apartments priced from $810. 1671 Washington has the second lowest priced unit, which is a Studio apartment currently listed from $830. Here are the most affordable Downtown apartments for rent in Denver, CO:

Apartment ListingModel NameBed/BathPriced From
Palisade ApartmentsStudioStudio,1BA$810
1671 WashingtonStudioStudio,1BA$830
The AdeleStudioStudio,1BA$870
WinbroStudioStudio,1BA$875
Capitol Square Apartments2 Beds, 2 baths2BR,2BA$880
Lincoln HeightsStudioStudio,1BA$890
Cross ApartmentsStudio AStudio,1BA$895
Grosvenor Arms ApartmentsStudioStudio,1BA$950
The Jack KerouacStudioStudio,1BA$965
1325 CoronaStudioStudio,1BA$970

Best Value Apartments for Rent in Downtown, CO

As of June 28, 2025 the best value apartment in the Downtown area is the $0.80 price per square foot Studio Model at The Ambassador in the in the CBD neighborhood starting from $990. The second greatest value Downtown apartment is the 4BR/2BA - Corner Model at Auraria Lofts starting at $900 with a $0.90 price per square foot in the Lower Downtown Denver neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The AmbassadorStudioStudio ,1BA$0.80
Auraria Lofts4BR/2BA - Corner4BR,2BA$0.90
The Lincoln at SpeerB1 - Two Bedroom2BR,2BA$1.75
300 East 17th ApartmentsB22BR,1BA$1.74
The Ogden Arms at 945 Ogden2BR/1.0BA2BR,1BA$1.78
The Denver House1B1B "Macintosh"1BR,1BA$1.88
The Grant-Lee1 Bedroom, 1 Bath1BR,1BA$1.68
Cheesman Arms1 Bedroom, 1 Bath1BR,1BA$1.69
Logan Flats1 Bed 1 Bath1BR,1BA$1.84
The Birney Apartments1x11BR,1BA$1.64

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown, Denver, CO

Ranked #9

Among neighborhoods in Denver, CO for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

What is a cheap apartment in Downtown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $970.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Ambassador which is listed at $1,000, while the average apartment in Downtown costs $2,929.

What types of apartments are the cheapest in Downtown?

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 134 regular apartments in Downtown 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 Downtown?

Cheap apartments in Downtown have an average cost of $583 which is $2,346 cheaper than the average rent for all rentals in Downtown.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.