Welcome to Denver, Colorado, known affectionately as the Mile High City! Nestled against the backdrop of the Rocky Mountains, Denver is a city that beautifully combines the charm of professional sophistication with the thrill of outdoor adventure. From its stunning mountains to its modern art scene, Denver offers a unique lifestyle that's hard to resist.
Unsurprisingly, like any city, living in Denver can come with a hefty price tag, especially when it comes to housing. However, there are several neighborhoods in Denver that offer an affordable cost of living without compromising on the quality of life.
In 2024, the five cheapest neighborhoods in Denver are:
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Virginia Village
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Hampden
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Gateway
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Glendale University Area
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East Denver
Virginia Village
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Average 1-bedroom rent in Denver: $1,681/month
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Average 1-bedroom rent in Virginia Village: $1,371/month
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Median Home Value in Virginia Village: $650,000
Virginia Village is a hidden gem located in southeast Denver. Known for its mid-century modern architecture and eclectic dining options, Virginia Village provides residents with a suburban feel within city limits. It's a neighborhood that embraces diversity, offering a mix of old and new – from quaint bungalows and ranch-style homes to contemporary apartments and townhouses. The neighborhood is well-connected, with Interstate 25 running along its western boundary, offering easy access to downtown Denver and beyond.
Things to do in Virginia Village, CO
This neighborhood is home to several parks, including Ash Grove Park and Garland Park, which offer residents plenty of opportunities for outdoor activities. Whether you enjoy jogging in the morning, playing a round of frisbee golf, or simply picnicking under the Colorado blue sky, there's something for everyone. If shopping is more your style, the Cherry Creek Shopping Center is just a short drive away, boasting a wide array of retail stores and dining options.
Hampden
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Average 1-bedroom rent in Denver: $1,681/month
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Average 1-bedroom rent in Hampden: $1,442/month
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Median Home Value in Hampden: $497,000
Hampden, located on the southeastern edge of Denver, is a peaceful neighborhood that offers scenic beauty and recreational opportunities. With its tree-lined streets, ample green spaces, and stunning views of the Rocky Mountains, Hampden feels more like a quaint mountain town than a city neighborhood. Hampden is well-connected to the rest of the city, with easy access to downtown Denver via Interstate 25 and light rail, making it an ideal location for commuters.
Things to do in Hampden, CO
The Hampden neighborhood is right next to the popular Cherry Creek Reservoir, where residents can enjoy a variety of water sports and outdoor activities. From sailing and paddleboarding in the summer to cross-country skiing in the winter, there's no shortage of things to do. And when you're not out enjoying the great outdoors, Hampden offers a variety of dining options and shopping centers.
Gateway
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Average 1-bedroom rent in Denver: $1,681/month
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Average 1-bedroom rent in Gateway: $1,674/month
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Median Home Value in Gateway: $510,000
Nestled on the northeastern outskirts of Denver, Gateway is a tranquil neighborhood that offers residents an escape from the city. With its affordable housing options, open spaces, and close-knit community, Gateway is a neighborhood that feels like home. Gateway is well-connected to the rest of Denver. Several bus routes and a light rail station provide easy access to downtown, making it an excellent choice for commuters.
Things to do in Gateway, CO
Gateway offers residents a wealth of recreational opportunities. The neighborhood is right next to the Rocky Mountain Arsenal National Wildlife Refuge, where you can spot bison, deer, and eagles, or simply enjoy a nature walk. First Creek at DEN Open Space is another popular spot for outdoor enthusiasts. And if you prefer indoor activities, Gateway has you covered too. The neighborhood offers a variety of dining and shopping options, ensuring you never have to travel far for what you need.
Apart from outdoor enrichment, residents love Gateway for its affordability and recent economic growth. Families appreciate its highly rated school district, and long-term residents enjoy coming together for community events.
Glendale University Area
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Average 1-bedroom rent in Denver: $1,681/month
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Average 1-bedroom rent in Glendale University Area: $1,272/month
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Median Home Value in Glendale University Area: $355,000
Glendale University Area, located in the heart of Denver, offers residents a blend of urban and suburban living. With its mix of residential buildings, commercial establishments, and educational institutions, Glendale University Area is a dynamic neighborhood. Despite its central location, the neighborhood maintains a strong sense of community, making it a great place to live. And with several bus routes and light rail stations nearby, commuting to downtown Denver is made easy for residents.
Things to do in Glendale University Area, CO
Glendale University Area is brought to life by its younger demographic and entertainment options. The neighborhood is home to Infinity Park, a world-class rugby stadium that hosts local and international matches. A variety of dining and shopping options ensure residents have everything they need within reach. And with numerous parks and open spaces scattered throughout the neighborhood, there are plenty of opportunities for outdoor recreation.
East Denver
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Average 1-bedroom rent in Denver: $1,681/month
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Average 1-bedroom rent in East Denver: $811/month
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Median Home Value in East Denver: $563,000
East Denver, situated on the eastern edge of Denver, offers residents a suburban lifestyle with all the conveniences of city living. With its affordable housing options, family-friendly atmosphere, and easy access to downtown via Interstate 70, East Denver is an ideal neighborhood for those seeking a balance between city and suburban life.
Things to do in East Denver, CO
East Denver is a neighborhood that celebrates the outdoors. With several parks, including Montbello Central Park and Green Valley Ranch East Park, residents have plenty of options for outdoor fun. The neighborhood also boasts a variety of dining options, from cozy cafes to international cuisine, reflecting the diverse cultures of its residents.
Make the Most of Your Move with Apartments.com
Whether you're planning a short-term stay or looking to settle down, Apartments.com has the tools to help you find an affordable apartment in Denver. Our customized search filters allow you to navigate housing across neighborhoods easily. Once you find the perfect location, you can narrow your search to a price range that suits your budget.
With Apartments.com, the options are endless, no matter your budget. Ready to get started? Pay less, live more, and rent on.
*Apartment rent data provided by CoStar Group’s March 2024 reports
