Renting and Leasing
Purchasing a house is a big decision to make. For those not ready to make that decision—or on a tight schedule or temporary relocation—renting or leasing is a better decision. Luckily, there are several types of properties to choose from in the Denver metro area. From condos and townhouses to apartments and single-family homes, Denver has a rental property for everyone.

GETTING ORGANIZED
Now that you’ve determined that renting is your best option at this time, it’s time to get organized. Are you prepared to submit a rental application? Review this list to help you prepare.

What’s Your Budget? Establish a rental rate you can afford. Don’t forget that you may need to pay for utilities and other items not included in your rent. Many properties will not approve you as a resident if you’ll have to spend more than a third of your gross income on the rent.

How Is Your Credit? Check out your credit record with a report from a consumer reporting agency and clear up any problems or mistakes on your record before you fill out a rental application.

Do You Have the Required Paperwork? As you apply to various complexes or realty firms, have the following information readily available so the application process can go smoothly:
  • Current and former addresses
  • Current and past employment with dates and contact phone numbers
  • Credit references
  • Copy of your credit report (if available)
  • Bank information
  • Your checkbook (You may be required to pay a security deposit, or a pet deposit if you have pets.)

STAY FOCUSED
Before you start looking and comparing properties, determine your needs. Do you need a place with lots of space, good closets or proximity to work, school, shopping or public transportation? Are you looking for a neighborhood with a suburban feel or prefer being closer to higher density, urban areas?

Then, of course, determine how much space you need and whether you’ll need a storage space for extra furniture. Are you interested in a specific school district for your children? Is there a washer and dryer in the rental? How is the traffic leaving your neighborhood in the morning and at night?

TYPES OF RENTAL HOUSING AVAILABLE
There are different renting options in the Denver metro area, and apartments can be found all over. In the suburbs, houses are a popular and common option. The closer you get to Downtown Denver the more likely you will find townhouses, condominiums and lofts. Condos are similar to apartments with a common area shared with other residents and located within a larger structure. However, with condos, tenants can own their property rather than rent from the complex. A townhouse is also similar to an apartment, but it is at least two or three stories tall. Townhouses share walls with other townhouses and all are usually similar in appearance. Lofts are sometimes in former industrial warehouses that have been converted to residential living. Lofts are characterized by an open floor plan, tall ceilings and concrete floors.

There are many places to live in Denver, but there are a few neighborhoods that are very popular.

LoDo
Centrally located LoDo has it all: restaurants, clubs, shops and more. It also has some of the best rentals for people who like to be near it all. Most of the buildings are old brick and new construction requires architectural review to make sure it blends in with the rest of LoDo. Being in the heart of it all does have its drawbacks—the clubs can be noisy and traffic can sometimes be a problem. The Lower Downtown Neighborhood Association works hard with the city to keep LoDo a nice neighborhood for its residents.

Uptown
Uptown often is described as an eclectic community. Here, residents of new and old townhomes and condos live side-by-side with mansion and Victorian-era homeowners. Many of the homes are built single-family style, but there are still plenty of rental options.

Downtown Denver
Also called Civic Center, the heart of Denver is another popular place to live. There is plenty to do and residents feel close to everything. Many residents rent high-rise apartments or condos. Denver Nuggets star Carmelo Anthony keeps a penthouse in Prado, a high-rise condominium complex.

Ballpark
Although it used to be an industrial area, Ballpark is now a growing hotspot. The ballpark revitalized the area and many of the warehouses have been converted to lofts and businesses, such as galleries and restaurants. Older, less valuable buildings have been razed, and more lofts and apartments are scheduled to be built.

Capitol Hill
Capitol Hill is so named for its proximity to the state Capitol dome. This community dates back to 1880 and features many old-fashioned Victorian mansions. Some of these mansions have been turned into condominiums. The neighborhood is popular across all age groups whether retirees or couples looking to start a family. Real estate options vary widely, but almost anything you’re looking for can be found.

Cherry Creek
Cherry Creek is a high-end shopping destination, and the rentals available here tend to be so as well. Most Cherry Creek residents live in upscale condos or townhouses. Some homes are available, but they are usually for sale, not for rent. Most of the older homes in the Cherry Creek neighborhood have been replaced by larger, more luxurious homes as well as the ever-popular townhouses and condos.

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