Cheap Apartments for Rent in the Downtown Neighborhood of Denver, CO from $500 (212 Rentals)

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

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

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

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

Explore Denver with a local! Discover historic neighborhoods like LoDo & Capitol Hill, top attractions, best dining spots, public transit, and fun things to do in the Mile High City.

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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 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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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 $760. 1671 Washington has the second lowest priced unit, which is a Studio apartment currently listed from $805. Here are the most affordable Downtown apartments for rent in Denver, CO:

Apartment ListingModel NameBed/BathPriced From
Palisade ApartmentsStudioStudio,1BA$760
1671 WashingtonStudioStudio,1BA$805
WinbroStudioStudio,1BA$815
The ZellStudioStudio,1BA$820
The AmbassadorStudioStudio,1BA$820
The VerseUpdated Studio ApartmentStudio,1BA$825
The Tiffany0BR/1.0BAStudio,1BA$825
The Jack KerouacStudioStudio,1BA$840
1325 CoronaStudioStudio,1BA$845
1651 WashingtonStudioStudio,1BA$845

Best Value Apartments for Rent in Downtown, CO

As of November 15, 2025 the best value apartment in the Downtown area is the $1.38 price per square foot 3 Bedroom, 2.5 Bath Model at Ballpark Townhomes in the in the Lower Downtown Denver neighborhood starting from $2,875. The second greatest value Downtown apartment is the 2BR/1.0BA Model at The Ogden Arms at 945 Ogden starting at $1,250 with a $1.40 price per square foot in the CBD 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.
Ballpark Townhomes3 Bedroom, 2.5 Bath3BR,2.5BA$1.38
The Ogden Arms at 945 Ogden2BR/1.0BA2BR,1BA$1.40
The Delano2 Bedrooms, 1 Bath2BR,1BA$1.67
The Grant-Lee1 Bedroom, 1 Bath1BR,1BA$1.54
Villa Wynanda1 Bedroom1BR,1BA$1.64
The Birney Apartments1x11BR,1BA$1.56
Sylvia Mae1 Bedroom - 1 Bathroom1BR,1BA$1.64
Lee Manor1 Bedroom-Hardwood1BR,1BA$1.65
The Denver Biltmore1 Bedroom, 1 Bath1BR,1BA$1.66
The ProfileStudioStudio ,1BA$1.56

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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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Pet Friendly Lifestyle
Downtown, Denver, CO

Ranked #10

Among cities in Colorado 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 $845.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is The Houston which is listed at $895, while the average apartment in Downtown costs $3,065.

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 346 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 $646 which is $2,419 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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.