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Top Denver Neighborhoods for Apartment Rentals: An Insider's Guide

August 7, 2024

As a seasoned real estate professional in the Mile High City, I've helped countless clients find their perfect home in Denver's diverse neighborhoods. Whether you're new to the area or a long-time resident looking for a change of scenery, choosing the right neighborhood is crucial to your Denver experience. In this comprehensive guide, we'll explore the top neighborhoods for apartment rentals in Denver, giving you an insider's look at what makes each area unique.

Denver's rental market has been dynamic in recent years, with new developments springing up alongside historic properties. The city's growth has led to a wide range of options for renters, from luxurious downtown lofts to charming apartments in quieter, tree-lined neighborhoods. As we dive into each area, keep in mind that the perfect neighborhood for you will depend on your lifestyle, budget, and priorities.

Capitol Hill: Urban Living at Its Finest

Capitol Hill, often referred to as "Cap Hill" by locals, is one of Denver's most vibrant and diverse neighborhoods. Known for its historical charm and modern amenities, this area is a favorite among young professionals and artists.

Historical Charm and Modern Amenities

Walking through Capitol Hill, you'll be struck by the beautiful mix of Victorian mansions and modern apartment buildings. The neighborhood's rich history is evident in its architecture, with many apartments housed in converted historic homes. Despite its old-world charm, Cap Hill doesn't skimp on modern conveniences. Many buildings have been updated with contemporary amenities like fitness centers, rooftop decks, and high-speed internet.

Proximity to Downtown and Nightlife

One of Capitol Hill's biggest draws is its proximity to downtown Denver. Many residents enjoy a short commute, either on foot or by bike. The neighborhood is also home to a thriving nightlife scene, with numerous bars, music venues, and restaurants along Colfax Avenue and Broadway.

Types of Apartments Available

In Capitol Hill, you'll find a diverse range of apartment options. From studio apartments in art deco buildings to spacious units in newer complexes, there's something for every taste and budget. Many apartments feature unique architectural details like high ceilings, hardwood floors, and large windows that flood the space with natural light.

Average Rental Prices

While Capitol Hill is generally more affordable than downtown, rental prices can vary widely. As of 2024, you can expect to pay around $1,200-$1,500 for a studio, $1,500-$1,800 for a one-bedroom, and $2,000-$2,500 for a two-bedroom apartment. Keep in mind that prices may be higher for newly renovated units or those in luxury buildings.

LoDo (Lower Downtown): Heart of the City

Lower Downtown, or LoDo as it's affectionately known, is Denver's oldest neighborhood and one of its most lively. This area has undergone significant revitalization in recent years, becoming a hotspot for young professionals and urbanites.

Vibrant Atmosphere and Entertainment Options

LoDo is the place to be if you love being in the center of the action. The neighborhood is home to some of Denver's best restaurants, bars, and entertainment venues. From catching a Rockies game at Coors Field to exploring the shops at Larimer Square, there's always something to do in LoDo.

Walkability and Public Transportation

One of LoDo's biggest advantages is its walkability. Most errands can be accomplished on foot, and the area is extremely bike-friendly. For longer trips, Union Station serves as a major transportation hub, offering light rail and bus connections to the rest of the city and beyond.

Loft-Style Apartments and New Developments

LoDo is known for its converted warehouse lofts, which offer unique living spaces with industrial-chic aesthetics. In recent years, several new luxury apartment developments have also sprung up, offering modern amenities and stunning city views.

Rental Market Trends in LoDo

As one of Denver's most desirable neighborhoods, LoDo commands premium rental prices. Studio apartments typically start around $1,500, one-bedrooms around $2,000, and two-bedrooms can easily exceed $3,000 per month. However, many residents find the convenience and lifestyle worth the cost.

Washington Park: Green Spaces and Community Feel

Washington Park, often shortened to "Wash Park," is a favorite among families and outdoor enthusiasts. This neighborhood offers a perfect blend of urban convenience and suburban tranquility.

Park Amenities and Outdoor Activities

The centerpiece of the neighborhood is the 155-acre Washington Park itself. With its expansive lawns, two lakes, and numerous recreational facilities, it's a paradise for joggers, cyclists, and anyone who loves spending time outdoors. The park also hosts various community events throughout the year, fostering a strong sense of neighborhood camaraderie.

Family-Friendly Atmosphere

Wash Park is known for its family-friendly vibe. The area boasts excellent schools, safe streets, and plenty of activities for children. It's common to see families picnicking in the park or enjoying the local ice cream shops on a sunny afternoon.

Rental Options: Houses vs. Apartments

While Wash Park is predominantly single-family homes, there are still apartment options available, particularly on the neighborhood's edges. You'll find a mix of small apartment buildings, duplexes, and carriage houses. Some larger homes have also been converted into multi-unit dwellings, offering unique rental opportunities.

Cost of Living Compared to Other Neighborhoods

Wash Park tends to be pricier than some other Denver neighborhoods due to its desirability. Expect to pay around $1,400-$1,800 for a one-bedroom apartment and $2,000-$2,500 for a two-bedroom. However, many residents find the extra cost worthwhile for the neighborhood's amenities and quality of life.

Uptown: Trendy and Convenient

Uptown, also known as North Capitol Hill, has become one of Denver's trendiest neighborhoods in recent years. It offers a perfect blend of urban excitement and residential calm.

Restaurant Scene and Young Professional Vibe

Uptown is a food lover's paradise, with 17th Avenue (nicknamed "Restaurant Row") offering a diverse array of dining options. The neighborhood attracts many young professionals, contributing to its energetic, social atmosphere.

Proximity to Hospitals and Healthcare Facilities

Uptown is home to several major hospitals, making it an ideal location for healthcare professionals. The proximity to medical facilities also provides peace of mind for all residents.

Mix of Historic and Modern Apartment Buildings

In Uptown, you'll find a charming mix of Victorian-era homes converted into apartments alongside sleek, modern apartment complexes. This diversity in housing stock means there's something for every taste and budget.

Rental Prices and Value for Money

Rental prices in Uptown are generally more affordable than in LoDo or Cherry Creek, but still reflect the neighborhood's desirability. Expect to pay around $1,300-$1,700 for a one-bedroom and $1,800-$2,300 for a two-bedroom apartment.

Five Points: Cultural Hub and Growing Rental Market

Five Points is one of Denver's oldest and most diverse neighborhoods. Once known as the "Harlem of the West," it has a rich cultural history and is currently experiencing a renaissance.

Rich History and Diverse Community

Five Points has long been a center of African American culture in Denver. Today, it's a vibrant, diverse community that celebrates its heritage while embracing change. The neighborhood hosts numerous cultural events throughout the year, including the Five Points Jazz Festival.

Up-and-Coming Restaurants and Businesses

In recent years, Five Points has seen an influx of new businesses, particularly along Welton Street. From craft breweries to innovative restaurants, there's always something new to discover.

Rental Opportunities and Potential for Growth

Five Points offers a mix of historic homes, new apartment developments, and converted lofts. As the neighborhood continues to develop, it presents interesting opportunities for renters who want to be part of a growing community.

Affordability Compared to Downtown Areas

Five Points remains more affordable than many downtown neighborhoods, making it attractive to renters looking for value. One-bedroom apartments typically range from $1,200-$1,600, while two-bedrooms go for $1,700-$2,200.

Denver Tech Center: Suburban Feel with Urban Amenities

The Denver Tech Center (DTC) offers a unique blend of suburban living and urban convenience. Located southeast of downtown, it's a major business hub that's increasingly popular with renters.

Job Opportunities and Corporate Presence

The DTC is home to numerous corporate offices, making it an ideal location for those who work in tech, finance, or other professional fields. Living here can significantly reduce your commute time if you work in the area.

Modern Apartment Complexes and Amenities

The DTC features many newer apartment complexes with top-notch amenities. Think resort-style pools, state-of-the-art fitness centers, and beautifully landscaped grounds.

Commuting Options to Downtown

While the DTC is outside the city center, it's well-connected to downtown Denver via light rail. This makes it easy to enjoy city amenities without sacrificing the space and relative quiet of a more suburban area.

Rental Prices and Space Comparison

Apartments in the DTC often offer more space for your money compared to downtown locations. One-bedroom apartments typically range from $1,300-$1,700, while two-bedrooms go for $1,800-$2,300.

Highlands: Eclectic Charm and Stunning Views

The Highlands neighborhood, northwest of downtown, has become one of Denver's most popular areas in recent years. It offers a unique mix of old-world charm and modern urban living.

Unique Local Shops and Restaurants

The Highlands is known for its eclectic mix of boutique shops, art galleries, and diverse restaurants. From farm-to-table eateries to international cuisines, there's something to satisfy every palate.

Mix of Victorian Homes and New Apartments

The neighborhood features a charming blend of restored Victorian homes and modern apartment developments. This mix provides a range of options for renters, from cozy historic units to sleek, amenity-rich apartments.

Rental Market for Different Budgets

While the Highlands has become increasingly popular (and thus, more expensive), it still offers options for various budgets. Expect to pay around $1,400-$1,800 for a one-bedroom and $2,000-$2,500 for a two-bedroom apartment.

Community Events and Neighborhood Vibe

The Highlands has a strong sense of community, with numerous events throughout the year. From street fairs to farmers markets, there's always an opportunity to connect with neighbors and enjoy the local culture.

RiNo (River North Art District): Creative Living

The River North Art District, better known as RiNo, has transformed from an industrial area into one of Denver's most creative and exciting neighborhoods.

Art Galleries, Breweries, and Innovative Spaces

RiNo is a haven for art lovers and beer enthusiasts alike. The neighborhood is dotted with colorful murals, and you'll find numerous art galleries, craft breweries, and innovative workspaces.

Warehouse Loft Apartments and New Developments

Many of RiNo's old warehouses have been converted into stylish loft apartments. Additionally, several new apartment complexes have sprung up, offering modern amenities alongside the neighborhood's industrial-chic vibe.

Rental Prices and Long-Term Investment Potential

As a rapidly developing area, RiNo's rental prices have been on the rise. One-bedroom apartments typically range from $1,500-$2,000, while two-bedrooms can go for $2,200-$2,800 or more. However, many see renting in RiNo as an investment in a neighborhood that's likely to continue growing in popularity.

Nightlife and Entertainment Options

RiNo boasts a vibrant nightlife scene, with numerous bars, music venues, and restaurants. It's an ideal location for those who enjoy being in the heart of Denver's social scene.

Cherry Creek: Upscale Living and Shopping

Cherry Creek is synonymous with luxury in Denver. This upscale neighborhood offers high-end living options alongside some of the city's best shopping and dining.

High-End Apartments and Amenities

Apartments in Cherry Creek often come with luxury amenities like concierge services, rooftop pools, and high-end finishes. Many buildings also offer stunning views of the Denver skyline or the Rocky Mountains.

Proximity to Cherry Creek Shopping Center

The Cherry Creek Shopping Center is a major draw, featuring over 160 shops and restaurants, including many high-end and designer brands. Living in Cherry Creek puts this shopping paradise right at your doorstep.

Rental Prices and Luxury Market Trends

As one of Denver's most exclusive neighborhoods, Cherry Creek commands premium rental prices. One-bedroom apartments typically start around $2,000, with two-bedrooms often exceeding $3,000 per month.

Access to Outdoor Activities and Bike Paths

Despite its urban feel, Cherry Creek offers easy access to outdoor recreation. The Cherry Creek Trail, popular among cyclists and joggers, runs through the neighborhood and connects to downtown Denver.

Baker: Historic Charm Meets Modern Convenience

The Baker neighborhood, just south of downtown, offers a perfect blend of historic charm and modern urban living. It's become increasingly popular among young professionals and creatives.

South Broadway Entertainment District

Baker is home to the vibrant South Broadway corridor, often called "SoBo" by locals. This stretch is packed with unique shops, dive bars, music venues, and eclectic restaurants, making it a hotspot for nightlife and entertainment.

Diverse Housing Options for Renters

In Baker, you'll find a mix of housing options, from converted Victorian homes to modern apartment complexes. This diversity allows renters to choose between historic charm and contemporary amenities.

Affordability and Value in a Central Location

While prices have risen in recent years, Baker still offers relative value compared to some other central Denver neighborhoods. Expect to pay around $1,300-$1,700 for a one-bedroom and $1,800-$2,300 for a two-bedroom apartment.

Local Coffee Shops and Community Feel

Baker has a strong sense of community, with numerous local coffee shops and gathering spaces. It's common to see residents enjoying a morning coffee at a neighborhood cafe or relaxing in one of the area's small parks.

Factors to Consider When Choosing a Denver Neighborhood

When selecting the right neighborhood for your Denver apartment, consider these key factors:

  1. Commute times and transportation options: Think about your daily commute and whether you prefer to drive, use public transit, bike, or walk.
  2. Safety and crime rates: Research crime statistics and talk to locals about their experiences in different neighborhoods.
  3. Proximity to amenities: Consider how close you want to be to grocery stores, gyms, parks, and other amenities that are important to you.
  4. Future development plans: Look into any planned developments or changes in the neighborhoods you're considering, as these could affect your living experience and property values.

Tips for Apartment Hunting in Denver

To make your apartment search in Denver as smooth as possible, keep these tips in mind:

  1. Best times to look for rentals: The rental market is most active in spring and summer, but you might find better deals in the winter months.
  2. Required documents and application process: Be prepared with proof of income, references, and a security deposit. Many landlords in Denver use online application systems for convenience.
  3. Negotiating rent and lease terms: While the Denver market can be competitive, there's often room for negotiation, especially for longer lease terms or during slower seasons.
  4. Working with a local real estate agent: A knowledgeable agent can provide invaluable insights into different neighborhoods and help you find apartments that might not be widely advertised.

Conclusion

Denver's diverse neighborhoods offer something for every type of renter, from those seeking a bustling urban environment to those preferring a quieter, more residential feel. As you explore these top neighborhoods, remember that the perfect area for you will depend on your individual preferences, lifestyle, and budget.

Whether you're drawn to the historic charm of Capitol Hill, the urban excitement of LoDo, the outdoor paradise of Wash Park, or the artistic vibe of RiNo, Denver has a neighborhood that will feel like home. As a local real estate expert, I'm here to help you navigate the Denver rental market and find the perfect apartment in your ideal neighborhood.

Ready to start your apartment hunt in one of Denver's fantastic neighborhoods? Don't hesitate to reach out for personalized assistance. With my in-depth knowledge of the local market and these diverse neighborhoods, I can help you find the perfect place to call home in the Mile High City. Let's work together to make your Denver living dreams a reality!


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