Overview of Denver
Waking up to a stunning view of the Rocky Mountains is the norm in Denver apartments for rent, which is just one reason why this major metropolis boasts a score of 74 out of 100 for its livability. The city was rated highly for its abundance of local amenities, stable housing market, high income per capita and high graduation rates. From its world-class outdoor recreation to its bustling nightlife and entertainment scene, Denver's urban sprawl is an ideal locale to live, work and play. Home to more than 566,000 people, the Mile High City offers the best of both worlds. Those searching for Denver apartments will be happy to call this bustling city home.
Living in Denver
During the Pikes Peak Gold Rush in 1858, settlers plotted out land in hopes of finding precious treasures. Just a few years later, a devastating fire burned down much of the city's business district, but early residents of Denver turned hardships into prosperity.
Although people don't move to the Mile High City in search of riches anymore, Denver apartments for rent can appeal to people from all walks of life. Whether the trendy clubs and hip restaurants of LoDo (lower downtown), music venues of East Colfax and South Broadway or turn-of-the-century architecture in Littleton suit your style, Denver's got something up its sleeve. Looking for an apartment with a bit of character? More than 25 percent of apartments in the city were built in 1939 or earlier.
If you're looking for an apartment to share with multiple people, the search may be a bit more difficult, as roughly 70 percent of rental units are occupied by one or two people.
Denver Apartments and Cost of Living
When looking for apartments in Denver, renters will want to take note of the cost of living, which is 4 percent higher than the national average. However, it's significantly lower when compared to other major cities such as New York or Anchorage, according to PayScale. Renters will be able to save on utilities, transportation and groceries. The average commute for people living in Denver apartments for rent is about 3 percent longer than the rest of the state, but it balances out as the cost of a gallon of gas is 2 percent less expensive.
Every neighborhood in Denver boasts its own personality, and those looking for a more modern apartment or rental will want to look on the outskirts of the city. Older, smaller apartments - with a few exceptions - are generally found within the center of the city, where the nightlife and entertainment is always bustling.
Denver Work and Study
Students looking for apartments in Denver may want to consider the neighborhoods just south of the center of the city. The University of Colorado, Denver, University of Denver and Community College of Denver are just a few of the higher education institutions within the city limits.
Denver is one of the largest telecommunication hubs in the country. This emerging industry appeals to tech-savvy individuals and proves that Denver is on top of the trends with a stable job market. Some of the top employers outside of telecommunication include King Soopers, Centura Health, United Airlines and Coors Brewing Co.