Denver is the largest city and the capital of the state of Colorado. The population of Denver is over 700 thousand people. To date, Denver is one of the 30 largest cities in the United States in terms of population. It is the cultural center of Colorado. The city is known for its historic districts, beautiful parks and downtown skyscrapers. The cost of living in Denver is lower than in many other major US cities with a population of 700,000 or more. In this article, we look at the average rental prices for one and two-bedroom apartments in Denver as of October 2022. The average price for renting a one-bedroom apartment in Denver is $1,700 per month. Rental prices have increased by 5.60% year on year (from October 2021 to October 2022). Two-bedroom apartments can be rented on average for $2,290 per month (+9.60% y/y). In Denver’s most affordable neighborhoods, one-bedroom apartment rentals range from $1,290 to $1,400 per month.
Denver’s most affordable neighborhoods include Virginia Village ($1,290/month for one-bedroom apartments), Green Valley Ranch ($1,340/month) and Cheeseman Park ($1,360/month).
Denver’s most expensive neighborhoods include LoDo ($2,410/month), Belcaro ($2,400/month) and Cherry Creek ($2,140/month).