If you plan to move to Denver, know that you already made one great decision. Denver, a place rich in natural beauty and history, welcomes newcomers from all over with open minds and hearts. An opportunity awaits here for all who succumb to the call to head west. Read on to learn more about the cost of living and how to make your move completely stress-free.
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How Much Does It Cost to Live in Denver?
Denver rental prices vary by neighborhood, property type, and data source. As of October 2026, Rent.com reported average rents of $1,266 for a one-bedroom and $1,580 for a two-bedroom. RentCafe reported higher apartment averages of $1,725 and $2,239, respectively, as of September 30, 2026. The 2024 American Community Survey reports a median household income of $92,504 in Denver city and $108,046 in the broader metropolitan area. Neither figure guarantees affordability for an individual renter.
PayScale estimates Denver’s overall cost of living at 10% above the national average. Housing expenses run approximately 19% above the national average, while utilities run approximately 14% below it. Your actual budget will depend on your rent, household expenses, and daily routine.
PayScale reports an average base salary of approximately $87,000 in Denver in its July 2026 survey, but that figure does not represent an entry-level wage. Actual earnings vary by occupation, experience, and employer. Denver offers employment opportunities across several industries, including technology, healthcare, and finance. Explore our guide to companies headquartered in Denver for examples of local employers.
What Should You Budget for Renting in Denver?
Denver’s competitive apartment market sometimes gives renters access to move-in concessions, including rent credits and free-rent periods. However, offers vary by building, availability, and lease terms. Compare the total cost of each lease rather than assuming every property offers the same promotion.
Denver apartment communities offer a variety of luxury amenities, including fitness centers, swimming pools, pet-focused facilities, and concierge services. Compare which amenities each property offers, whether access costs extra, and how those features fit your lifestyle.
Denver Neighborhoods
Comparing Denver neighborhoods by commute, transportation access, daily conveniences, and rent can help you find a location that fits your routine. Explore our Denver neighborhood guide to narrow your options, then read our Inside Scoop on living in Denver for additional local insights.
Want Help Finding a New Place in Denver?
With AptAmigo, you gain a friend in the apartment search process. Our team of Denver apartment locators is dedicated to helping you pick a neighborhood, stay within budget, and find your dream apartment with ease. If you aren’t able to visit before you move, we’ll help you pick a list of options and tour them in your place, taking photos and videos for you. Call AptAmigo for guidance while searching, touring, and securing a place — all before you even start packing!
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* The original version of this article was first published on May 17, 2019.
