Average Rent in Downtown Denver, Denver, CO

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Current Versus Historical Downtown Denver, Denver, CO Rents

Downtown Denver rentals average $1,698 for a studio rental to $5,750 for a 3-bedroom rental. The median price of all currently available listings is $2,158, or roughly $3 per square feet.
For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $260 (-20.72%) year-over-year from $1,255 to $995. 1-bedroom rentals prices have increased by $298 (16.83%) year-over-year from $1,768 to $2,065. 2-bedroom rentals prices have decreased by $503 (-18.28%) year-over-year from $2,753 to $2,250. 3-bedroom rentals prices have increased by $1,733 (43.15%) year-over-year from $4,017 to $5,750. 4-bedroom rentals prices have decreased by $1,543 (-19.18%) year-over-year from $8,043 to $6,500. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 8.01% this month. 1-bedroom rents have gone down by 7.26% this month. 2-bedroom rents have gone down by 17.67% this month. 3-bedroom rents have gone up by 0.32% this month. 4-bedroom rents have gone down by 0.00% this month.
Beds
Price / Sqft
May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $3.07 $995 $1,255 (-20.72%) $910 (9.34%)
1 BR $2.65 $2,065 $1,768 (16.83%) $1,364 (51.39%)
2 BR $2.53 $2,250 $2,753 (-18.28%) $2,408 (-6.54%)
3 BR $2.75 $5,750 $4,017 (43.15%) $3,565 (61.30%)

Historical Rents in Downtown Denver, Denver, CO

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Downtown Denver

There are a total of 5 cities nearby Downtown Denver. The average rent in Downtown Denver is currently $2,000 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Lakewood, CO, with an average rent of $1,685, is the most affordable city nearby. In contrast, the most expensive city near Downtown Denver, Denver, CO is Boulder, CO. Monthly rents here are on average $2,450 per month.

Let's compare Downtown Denver, Denver, CO's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Denver, Denver, CO is 38.14% more expensive than other cities nearby. One bedrooms are about 34.94% more expensive. Two bedrooms in Downtown Denver, Denver, CO are about 36.90% more expensive. Finally, rent for three bedrooms are about 51.30% more expensive. Want more information? Check out the top 5 cities near Downtown Denver, Denver, CO in the following chart.
City Studio 1 Bed 2 Bed All
Lakewood, CO $623 $1,350 $1,750 $1,685
Longmont, CO N/A $1,245 $1,750 $1,850
Denver, CO $1,573 $1,550 $2,400 $2,000
Aurora, CO $1,050 $1,250 $1,800 $2,175
Boulder, CO $1,473 $1,700 $2,450 $2,450

Top Neighborhoods Near Downtown Denver

There are a total of 1 neighborhoods in or near Downtown Denver. We've included all of these top 1 neighborhoods in or near Downtown Denver, Denver, CO in the following chart.

The average rent for these 1 neighborhoods in or near Downtown Denver, Denver, CO is currently around $1,921 per month. A total of one neighborhood has a lower average rent. Out of all the neighborhoods in or near Downtown Denver, West Colfax has the most affordable average rent at $1,921 per month. Whereas, at $1,921 average rent per month, West Colfax is the most expensive neighborhood in or near Downtown Denver. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
West Colfax, Denver, CO $1,581 $1,874 $2,601 $1,921

Top Counties Near Downtown Denver

There are a total of 1 counties located by Downtown Denver, Denver, CO. Some of these counties include Jefferson, CO, Denver, CO, and Adams, CO. The average rent for rentals in these counties is $2,115. That's roughly around $2 per sqft. A total of 3 counties have a lower average rent. The county that is the most affordable is Jefferson, CO. It's average rent per month is $1,800. Vice versa, with an average rent of $2,890, Douglas, CO is the most expensive county by Downtown Denver, Denver, CO.

Typically, rent for studios in Downtown Denver, Denver, CO is 30.81% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Denver, Denver, CO is 29.53% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Denver, Denver, CO is 28.13% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Jefferson, CO $1,150 $1,350 $1,750 $1,800
Denver, CO $1,573 $1,550 $2,400 $2,000
Adams, CO $1,023 $1,375 $1,750 $2,030
Arapahoe, CO $1,213 $1,295 $1,900 $2,200
Boulder, CO $1,199 $1,695 $2,200 $2,398
Douglas, CO N/A $1,870 $2,530 $2,890

Top Zipcodes Near Downtown Denver

There are a total of 3 zipcodes in or near Downtown Denver, Denver, CO. The average rent for all of these zipcodes is $1,980. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 80203, Denver, CO at $1,595 per month. In comparison, the zipcode with the most expensive average rent of $2,138 per month is 80302, Boulder County, CO.

Studios in these zipcodes have an average rent of $1,550. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Downtown Denver, Denver, CO is $1,700 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,556 per month. Which comes out to $2 per sqft. The following chart includes the top 3 zipcodes in Downtown Denver, Denver, CO. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
80203, Denver, CO $1,158 $1,425 $1,918 $1,595
80204, Denver, CO $1,597 $1,917 $2,556 $1,980
80302, Boulder County, CO $1,550 $1,700 $2,863 $2,138

Frequently Asked Questions - Downtown Denver Average Rents

What is the average rent price in Downtown Denver, Denver, CO?
The average monthly rental price for Downtown Denver, Denver, CO apartments for rent is approximately $2,158. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Downtown Denver, Denver, CO rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Downtown Denver, Denver, CO.
How much is a studio apartment in Downtown Denver, Denver, CO?
The average monthly rental price for studio apartments is $1,698 and an average price per square feet of $3.07. There are a total of 10 studio apartment listings currently available for rent in Downtown Denver.
How much is a one bedroom apartment in Downtown Denver, Denver, CO?
The average monthly rental price for one bedroom apartments is $2,075 and an average price per square feet of $2.65. There are a total of 37 one bedroom apartment listings currently available for rent in Downtown Denver.
How much is a two bedroom apartment in Downtown Denver, Denver, CO?
The average monthly rental price for two bedroom apartments is $2,853 and an average price per square feet of $2.53. There are a total of 18 two bedroom apartment listings currently available for rent in Downtown Denver.
How have rent prices in Downtown Denver, Denver, CO changed this year?
Rent prices for rentals in Downtown Denver, Denver, CO can fluctuate yearly. Specifically, studio rental prices have changed by -0.21%, one bedroom rental prices have changed by 0.17%, two bedroom rental prices have changed by -0.18%, and three bedroom rental prices have changed by 0.43% year-over-year.
What is a reasonable rent price in Downtown Denver, Denver, CO?
A reasonable rent price in Downtown Denver, Denver, CO is around $1,726/month. You can search for these reasonably priced rental listings on RentHop.
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