Everything else equal, we can all agree that living in a cheaper place is better than living in a more expensive place.
I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.
And while every neighbhorhood in Denver might be more expensive than living in rural Colorado, there are certain neighborhoods that are definitely cheaper.
What exactly are those Denver neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?
Instead of relying on public opinion and speculation, we wanted to get the facts straight and determine which neighborhoods in Denver are the cheapest using Saturday Night Science.
What’s the cheapest neighborhood to live in Denver for 2024? According to the most recent census data, Southwestern Denver looks to be the cheapest Denver neighborhood to live in.
At this point, we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Denver. You could be sacrificing location or crime rates for more space and cheaper groceries.
Read on to see how we determined the places around Denver that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Denver.
For more Colorado reading, check out:
- Best Places To Live In Colorado
- Cheapest Places To Live In Colorado
- Cheapest Cities To Live In America
- Cheapest States To Live In America
Table Of Contents: Top Ten | Methodology | Summary | Table
The 10 Cheapest Neighborhoods To Live In Denver For 2024
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Population: 123,093
Cost Of Living Index: 106 (2nd cheapest)
Home Value To Income Ratio: 4.2 (2nd cheapest)
Rent To Income Ratio: 0.015 (9th cheapest)
More on Southwestern Denver: Data | Real Estate
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Population: 28,587
Cost Of Living Index: 121 (9th cheapest)
Home Value To Income Ratio: 4.4 (6th cheapest)
Rent To Income Ratio: 0.008 (cheapest)
More on Park Hill: Data | Real Estate
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Population: 30,609
Cost Of Living Index: 115 (7th cheapest)
Home Value To Income Ratio: 4.7 (7th cheapest)
Rent To Income Ratio: 0.014 (6th cheapest)
More on Northwestern Denver: Data | Real Estate
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Population: 25,549
Cost Of Living Index: 107 (3rd cheapest)
Home Value To Income Ratio: 4.3 (4th cheapest)
Rent To Income Ratio: 0.017 (13th cheapest)
More on Northern Denver: Data | Real Estate
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Population: 123,683
Cost Of Living Index: 114 (6th cheapest)
Home Value To Income Ratio: 4.3 (5th cheapest)
Rent To Income Ratio: 0.016 (10th cheapest)
More on Southeastern Denver: Data | Real Estate
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Population: 64,393
Cost Of Living Index: 131 (15th cheapest)
Home Value To Income Ratio: 4.7 (8th cheapest)
Rent To Income Ratio: 0.014 (3rd cheapest)
More on Central East Denver: Data | Real Estate
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Population: 25,262
Cost Of Living Index: 141 (19th cheapest)
Home Value To Income Ratio: 4.2 (3rd cheapest)
Rent To Income Ratio: 0.014 (5th cheapest)
More on Stapleton: Data | Real Estate
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Population: 35,927
Cost Of Living Index: 111 (5th cheapest)
Home Value To Income Ratio: 3.3 (cheapest)
Rent To Income Ratio: 0.02 (2cheapest)
More on Gateway-Green Valley Ranch: Data | Real Estate
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Population: 6,749
Cost Of Living Index: 122 (10th cheapest)
Home Value To Income Ratio: 4.8 (9th cheapest)
Rent To Income Ratio: 0.015 (8th cheapest)
More on Baker: Data | Real Estate
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Population: 50,475
Cost Of Living Index: 109 (4th cheapest)
Home Value To Income Ratio: 5.0 (11th cheapest)
Rent To Income Ratio: 0.018 (14th cheapest)
More on Central West Denver: Data | Real Estate
Methodology: How We Determined The Cheapest Denver Hoods In 2024
To rank the cheapest places to live in Denver, we had to determine what criteria define “cheap” and then apply Saturday Night Science.
Using Census and extrapolated BLS data, we arrived at the following set of criteria:
- Overall Cost Of Living
- Rent To Income Ratio
- Median Home Value To Income Ratio
We then ranked each neighborhood with scores from 1 to 22 in each category, where 1 was the cheapest.
Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.
And finally, we crowned the neighborhood with the lowest cheapest neighborhood index, the “Cheapest City Neighborhood In Denver.” We’re lookin’ at you, Southwestern Denver.
We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Denver. Skip to the end to see the list of all the neighborhoods in the city, from cheapest to most expensive.
Summary: Lowest Cost Places To Live In Denver
If you’re measuring the neighborhoods in Denver where prices are low, and it’s cheap to live, this is an accurate list.
The most affordable neighborhoods in Denver are Southwestern Denver, Park Hill, Northwestern Denver, Northern Denver, Southeastern Denver, Central East Denver, Stapleton, Gateway-Green Valley Ranch, Baker, and Central West Denver.
As mentioned earlier, the neighborhoods in Denver aren’t all cheap. Auraria takes the title of the most expensive neighborhood to live in Denver.
The most expensive neighborhoods in Denver are Auraria, Lodo, University, Highland, and Cherry Creek.
We ranked the neighborhoods from cheapest to most expensive in the chart below.
For more Colorado reading, check out:
- Most Dangerous Cities In Colorado
- Richest Cities In Colorado
- Safest Places In Colorado
- Worst Places To Live In Colorado
Detailed List Of The Cheapest Neighborhoods To Live In Denver For 2024
| Rank | Neighborhood | Cost Of Living Index |
|---|---|---|
| 1 | Southwestern Denver | 106 |
| 2 | Park Hill | 121 |
| 3 | Northwestern Denver | 115 |
| 4 | Northern Denver | 107 |
| 5 | Southeastern Denver | 114 |
| 6 | Central East Denver | 131 |
| 7 | Stapleton | 141 |
| 8 | Gateway-Green Valley Ranch | 111 |
| 9 | Baker | 122 |
| 10 | Central West Denver | 109 |
| 11 | Washington Park | 146 |
| 12 | City Park | 122 |
| 13 | Capitol Hill | 105 |
| 14 | Jefferson Park | 123 |
| 15 | Alamo Placita | 119 |
| 16 | Golden Triangle | 135 |
| 17 | Five Points | 127 |
| 18 | Cherry Creek | 162 |
| 19 | Highland | 126 |
| 20 | University | 147 |
| 21 | Lodo | 136 |
| 22 | Auraria | 136 |