Denver rent tops $1,800 – but most expensive neighborhood is much pricier

According to RentCafe, the average rent in the Denver area is now $1,879, with the average apartment sized at 842 square-feet. While that rent might sound high, rent in the most expensive neighborhood costs 28 percent more than that.

The RentCafe website states that the average citywide rental price is most similar to the one-bedroom apartment average, with studio apartments being smaller and cheaper and multi-bedroom units offering most space at a higher price.

While the high price of rent in Denver may be prohibitive for some, a report from KDVR indicates that new apartments being built will likely flood the supply, potentially causing a significant drop in rent.

According to RentCafe, Denver’s average rent of $1,879 compares to an average rent of $1,465 in Colorado Springs, $2,263 in Boulder, and $1,619 in Aurora.

It’s also worth noting that Rent.com puts the average cost of a one-bedroom rental in Denver much higher than the RentCafe average. Rent.com states that a one-bedroom will cost a Denverite about $2,103, as of February 2022 – a 13.75 percent increase year-over-year. That’s enough to make the city home to the 25th most expensive one-bedroom apartment rental among major metros nationwide. Jersey City is the most expensive at $3,757 monthly for a one-bedroom and Montgomery is the cheapest, at a rank of 97 with a cost of $676.

Over the span of a year, Denver renters would pay $22,548 based on RentCafe’s average of $1,879 and $25,236 based on the Rent.com average.

Here’s a look at the average rent in all 74 Denver neighborhoods, according to RentCafe:

1. Barnum: $1,160
2. Mar Lee: $1,160
3. Westwood: $1,160
4. Chaffee Park: $1,399
5. Regis: $1,431
6. Harvey Park South: $1,537
7. Hampden: $1,540
8. Washington Virginia Vale: $1,543
9. Virginia Village: $1,559
10. Goldsmith: $1,567
11. University Hills: $1,586
12. Indian Creek: $1,599
13. College View – South Platte: $1,605
14. Montbello: $1,630
15. Athmar Park: $1,631
16. Ruby Hill: $1,631
17. Valverde: $1,631
18. Hilltop: $1,632
19. Harvey Park: $1,687
20. Fort Logan: $1,690
21. Gateway Denver: $1,731
22. Windsor: $1,742
23. Bear Valley: $1,801
24. Stapleton Denver: $1,809
25. Hampden South: $1,811
26. Southmoor Park: $1,811
27. Capitol Hill: $1,832
28. Uptown Denver: $1,832
29. East Colfax: $1,880
30. Hale: $1,880
31. Mayfair: $1,880
32. Montclair: $1,880
33. Denver International Airport: $1,933
34. Green Valley Ranch Denver: $1,933
35. Lowry Field: $1,941
36. Park Hill Denver: $1,949
37. Overland: $1,987
38. Clayton: $2,005
39. Cole: $2,005
40. Skyland: $2,005
41. Whittier: $2,005
42. Speer: $2,005
43. RiNo Denver: $2,023
44. Barnum West: $2,038
45. Cory – Merrill: $2,052
46. Platt Park: $2,052
47. Rosedale: $2,052
48. University: $2,052
49. Wellshire Denver: $2,052
50. Elyria Swansea: $2,055
51. Globeville: $2,055
52. Berkeley: $2,104
53. Sloan Lake: $2,104
54. West Highland: $2,104
55. City Park West: $2,111
56. City Park: $2,156
57. Jefferson Park: $2,168
58. Sunnyside: $2,168
59. Lincoln Park: $2,208
60. Sun Valley: $2,208
61. Villa Park: $2,208
62. West Colfax: $2,208
63. Washington Park: $2,218
64. Washington Park West: $2,218
65. Cheesman Park: $2,229
66. Country Club: $2,229
67. Baker: $2,247
68. Five Points: $2,285
69. Highland: $2,338
70. Downtown Denver: $2,340
71. Belcaro: $2,388
72. Cherry Creek: $2,389
73. Congress Park: $2,390
74. LoDo: $2,407

Find additional information regarding rental trends in Denver on the RentCafe website.

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