Cheapest Neighborhoods in Denver

All 24 neighborhoods in Denver ranked by cost of living index. Updated 2026.

Cheapest Rent
$1,330/mo
City Avg Rent
$1,900/mo
Neighborhoods
24

Cheapest Neighborhoods in Denver — Full Rankings

# Neighborhood 1BR Rent Index vs Avg
1 Federal Heights $1,330/mo 0.70x -30%
2 Montbello $1,368/mo 0.72x -28%
3 Globeville $1,368/mo 0.72x -28%
4 Green Valley Ranch $1,425/mo 0.75x -25%
5 Aurora $1,482/mo 0.78x -22%
6 Wheat Ridge $1,520/mo 0.80x -20%
7 Englewood $1,558/mo 0.82x -18%
8 Arvada $1,558/mo 0.82x -18%
9 Lakewood $1,615/mo 0.85x -15%
10 Park Hill $1,710/mo 0.90x -10%
11 Stapleton (Central Park) $1,748/mo 0.92x -8%
12 Five Points $1,805/mo 0.95x -5%
13 City Park $1,900/mo 1.00x Avg
14 Baker $1,938/mo 1.02x +2%
15 Platt Park $1,938/mo 1.02x +2%
16 Congress Park $1,995/mo 1.05x +5%
17 Washington Park $2,052/mo 1.08x +8%
18 Sloan Lake $2,052/mo 1.08x +8%
19 Capitol Hill $2,090/mo 1.10x +10%
20 Highlands $2,128/mo 1.12x +12%
21 RiNo (River North) $2,185/mo 1.15x +15%
22 Hilltop $2,185/mo 1.15x +15%
23 LoDo (Lower Downtown) $2,318/mo 1.22x +22%
24 Cherry Creek $2,432/mo 1.28x +28%

Rent estimates based on city average of $1,900/mo adjusted by neighborhood cost index. Index 1.00 = city average.

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Frequently Asked Questions

What is the cheapest neighborhood in Denver?

The cheapest neighborhood in Denver is Federal Heights, with an estimated 1-bedroom rent of $1,330/month — 30% below the city average.

What is the average rent in Denver?

The average 1-bedroom rent in Denver is approximately $1,900/month. Rents range from $1,330/mo (Federal Heights) to $2,432/mo (Cherry Creek).

How many neighborhoods does Denver have?

Our database covers 24 neighborhoods in Denver, each with detailed cost-of-living and salary data.

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