Cheap Apartments for Rent in the Downtown Neighborhood of Denver, CO from $500 (198 Rentals)

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

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property at 1960 Sherman St

1960 Sherman St

DenverCO80203

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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 Winbro priced from $845. 1671 Washington has the second lowest priced unit, which is a Studio apartment currently listed from $865. Here are the most affordable Downtown apartments for rent in Denver, CO:

Apartment ListingModel NameBed/BathPriced From
WinbroStudioStudio,1BA$845
1671 WashingtonStudioStudio,1BA$865
Palisade ApartmentsStudioStudio,1BA$870
Capitol Square Apartments2 Beds, 2 baths2BR,2BA$880
Marianne ApartmentsStudioStudio,1BA$895
Cross ApartmentsStudio AStudio,1BA$895
1325 CoronaStudioStudio,1BA$935
1651 WashingtonStudioStudio,1BA$935
The ZellStudioStudio,1BA$940
The AmbassadorStudioStudio,1BA$940

Best Value Apartments for Rent in Downtown, CO

As of July 31, 2025 the best value apartment in the Downtown area is the $1.84 price per square foot Vermillion Model at Solera in the in the Lower Downtown Denver neighborhood starting from $2,808. The second greatest value Downtown apartment is the B1 - Two Bedroom Model at The Lincoln at Speer starting at $1,600 with a $1.75 price per square foot in the Golden Triangle 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.
SoleraVermillion2BR,2BA$1.84
The Lincoln at SpeerB1 - Two Bedroom2BR,2BA$1.75
The Ogden Arms at 945 Ogden2BR/1.0BA2BR,1BA$1.62
1020 15th St, Unit 121020 15th St1BR,1BA$1.88
The Clarkson1 Bedroom1BR,1BA$1.83
The Points at California 292 Bed, 1 Bath2BR,1BA$1.65
Cheesman Arms1 Bedroom, 1 Bath1BR,1BA$1.54
Logan Flats1 Bed 1 Bath1BR,1BA$1.77
The Alta1 Bedroom1BR,1BA$1.84
The Birney Apartments1x11BR,1BA$1.64

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Downtown, Denver, CO

Ranked #9

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 $940.

What is the price of a cheap apartment in Downtown?

The cheapest apartment in Downtown is Cross Apartments which is listed at $950, while the average apartment in Downtown costs $3,180.

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 90 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 $662 which is $2,518 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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.