Well-known for its breathtaking scenery, seasonal range, and long list of recreational activities, Denver has become a recent hit among people worldwide.
Listed as one of the best cities to live in the world, the luxurious lifestyle of this city is very attractive.
While Denver offers a dreamy lifestyle, the living costs here are exceptionally high as they run 13.4% higher than the national average. With Denver’s housing costs skyrocketing daily, relocating to Denver is becoming nearly impossible.
However, there are still some places in Denver where you won’t end up breaking the bank if you choose to relocate. This guide brings forth some of the cheapest neighborhoods in Denver.
So, let’s discover what Denver offers for those on a budget!
Baker residents are joyful with the area’s youthful vibes with the presence of many well-decorated Victorian houses and colorful Bungalows. The suburb has many Craftsman homes, adding to the housing options present in the area.
One of the best things about moving to Baker is its friendly community. As a newcomer, you will be delighted to know that neighbors in the community are very helpful and considerate, accounting for the quiet and peaceful lifestyle of the suburb.
With easy access to the main routes of Denver, including the I-25 route and quality educational institutes, and plenty of stuff to do, Baker is the ideal place when moving to Denver on a budget.
Pros of Baker
- Convenient Location:
Baker’s location puts it in proximity to the downtown area, making it convenient for its residents to visit the city’s best attractions, including restaurants, shopping centers, and bars.
The neighborhood’s good infrastructure supports the high walkability score, Baker. With many grocery shops and other necessities located nearby, Baker residents can run most errands on foot, saving you from the trouble of traveling far to fulfilling the necessities of life.
Being one of the city’s oldest suburbs, Baker has a rich history and is a hit among locals for its historic architecture. The presence of Victorian homes and prestigious bungalows testify to its prestige, making life here unique and charming.
Cons of Baker
With Denver’s high population, traffic in Baker is high, much like other parts of the city, especially during rush hour. Finding traffic or commuting during rush hours will result in high commuting times and makes driving here inconvenient.
- Noise Pollution:
While Baker’s location makes it accessible and allows you to enjoy the city amenities, it also exposes the residents to high traffic and noise pollution. Expect the area to get noisy during the weekends or when any event or festival takes place in the area.
Located on the Southeast side of Denver, Hampden is another affordable neighborhood of Denver with an average monthly rent of $950.
With more than half of the Hampden residents married, the suburb is family-friendly and a great place to raise a family. With many educational institutes in proximity, the Hampden community also harbors many college students and graduates.
Apart from its helpful community, Hampden has gained accreditation for many cultural attractions in its radius. You can find many shopping centers, walking trails, and parks in the area, allowing you to take a break from your everyday routine and take a breather.
In short, Hampden offers many cultural attractions, quality education, and a reliably low crime rate at affordable costs, making it an ideal place to move to.
Pros of Hampden
- Public Transportation:
Living in Hampden, you will find it easy to access public transport due to its connectivity with the town. It’s easy to find public transportation options like buses and light rails, making traveling through the town convenient.
With the presence of many parks, restaurants, shops, and entertainment options, Hampden is rich in amenities. There are plenty of activities to do here, making life for its residents entertaining.
- Family-Friendly Community:
With many family-oriented people living in Hampden, the suburb is a great place to raise a family. The presence of parks and playgrounds nearby and the occurrence of family festivals allow you to blend in and become a part of the community.
Cons of Hampden
While the connectivity of this town makes it easy to access the other parts of the town, it comes with a catch. As the way to major roads like I-25 leads through Hampden, the neighborhood becomes significantly congested during rush hour, making commuting in and out through the suburb difficult for the residents.
For those that live near Hampden Avenue and Colorado Boulevard, life in Hampden can get noisy. The town gets noisy with traffic and people visiting the cultural attractions in the suburb. If you prefer to live in quieter areas, the noise pollution in Hampden can be a deal breaker.
With a booming commerce scene and only 9,000 residents, Derby is the perfect neighborhood for those who want to break through the daily hustle and bustle of city life.
Being located 20 minutes away from Denver, Derby is a secluded part of the town that offers various housing options, with a median sale price of $411,250.
Derby hits home for those who are a fan of outdoor spaces and takes a keen interest in participating in recreational activities. Living in Derby also gives you some great sights and puts you in touch with nature’s connection to the South Palette River.
Pros of Derby
- Recreational Activities:
The location of Derby, Denver, puts it close to many beautiful sights, including Cherry Creek State Park. The proximity to various geographical locations allows its residents to partake in many recreational activities like hiking, camping, or fishing.
- Public Transportation:
Although Denver is a 20-minute drive from the main city, the suburb is very well-connected with the rest of the town. The connectivity to the city makes it easy for you to access other parts of town. Easy access to public transportation also allows you to cut down on travel expenses.
- Ideal Location:
The ideal location of Derby allows its residents to enjoy proximity to the city’s main routes, including I-70 and I-25. Since it’s easy for you to access the city’s main routes, getting around the town becomes easy.
Cons of Derby
- Higher Crime Rate:
Denver has a considerably higher crime rate than the other parts of the city. As a resident of this suburb, it’s best to stay cautious and vigilant.
- Limited Amenities:
There are few amenities present in Denver. Since the suburb is 20 minutes away from the city, you must travel to other parts of the city to enjoy the Denver life.
Although Denver sees a constant rise in population, plenty of housing options are available. But with the constant rise in population and current economic situations, the increase in living costs is definite.
As living costs in Denver reach the sky, a few neighborhoods remain to offer the classy Denver life at affordable living costs. We have mentioned some of the cheapest neighborhoods in Denver.
Not only are these options affordable, but they offer easy access to city amenities and ideal living costs, making the move to Denver possible.
Hi, I’m Ashley a freelance writer who’s passionate about personal finance. Ever since I was young, I’ve been fascinated by the power of money and how it can shape our lives. I’ve spent years learning everything I can about budgeting, saving, investing and retirement planning. So if you are looking for tips, advice, or just a little bit of inspiration to help you on your financial journey, you have come to the right place. I am always here to help, and I am excited to share my passion for personal finance with you.