Meta Description: Discover Denver’s top neighborhoods for vacation rentals – from downtown luxury to mountain-adjacent retreats. Find the perfect location for your stay or investment in 2024.
_______________________________

10 Best Denver Neighborhoods for Vacation Rentals in 2024

Denver’s vacation rental landscape continues to evolve, with distinct neighborhoods offering unique advantages for both travelers and property investors. As Colorado’s capital city maintains its position as a top destination for tourism, business travel, and relocation exploration, understanding the nuances of each neighborhood becomes essential for making informed decisions.

From the urban energy of downtown districts to the residential charm of historic neighborhoods, Denver offers remarkable diversity within its city limits. Each area presents a different value proposition for vacation rental guests and distinct performance metrics for property owners. This guide explores the 10 best Denver neighborhoods for vacation rentals in 2024, providing essential insights on location advantages, target demographics, and investment potential.

Whether you’re planning your Denver stay or considering a vacation rental investment, this neighborhood-by-neighborhood breakdown will help you navigate the Mile High City’s most promising areas.

1. LoDo (Lower Downtown)

As Denver’s historic heart and entertainment center, LoDo continues to command premium rates and strong occupancy. The neighborhood’s brick warehouses-turned-lofts offer authentic urban accommodations steps from Union Station, Coors Field, and countless restaurants and breweries.

Ideal for: Business travelers, couples, sports fans, and urban enthusiasts

Average nightly rates: $175-$350

Investment outlook: High barrier to entry with premium purchase prices, but consistent performance and reliability even during market fluctuations. Properties here average 78% occupancy year-round, with particularly strong midweek performance from business travelers.

2. RiNo (River North Art District)

Denver’s trendiest neighborhood continues its remarkable evolution with an eclectic mix of industrial-chic accommodations. Known for vibrant street art, craft breweries, and food halls, RiNo delivers a distinctly local experience that resonates with vacation rental guests seeking authenticity.

Ideal for: Young professionals, creative travelers, foodie enthusiasts

Average nightly rates: $150-$280

Investment outlook: Strong growth potential as the neighborhood continues to develop. Properties with industrial character and modern amenities perform exceptionally well, with weekend occupancy routinely reaching 90% during summer months.

3. Highlands

This charming residential area northwest of downtown offers the perfect balance of neighborhood feel and city access. With its historic homes, pedestrian-friendly streets, and local boutiques, Highlands appeals particularly to families and travelers seeking a more residential experience.

Ideal for: Families, long-stay guests, relocation exploration

Average nightly rates: $160-$320

Investment outlook: Steady performer with strong seasonal peaks. Properties with outdoor space and city views command significant premiums, while family-friendly homes with multiple bedrooms achieve excellent revenue despite slightly lower occupancy than downtown options.

4. Cherry Creek

Denver’s luxury enclave continues to attract upscale travelers with its premium shopping, fine dining, and elegant accommodations. The neighborhood’s walkability and refined atmosphere create a compelling value proposition for discerning guests willing to pay premium rates.

Ideal for: Luxury travelers, shopping enthusiasts, medical travelers

Average nightly rates: $200-$500

Investment outlook: High acquisition costs but strong performance metrics. Properties here achieve the highest ADR in Denver, though occupancy can be more seasonal than downtown locations. Luxury amenities and sophisticated design are essential for competitive positioning.

5. Washington Park

Centered around one of Denver’s most beloved green spaces, this residential neighborhood offers an outdoor-focused experience with convenient urban access. The park itself serves as a major amenity, attracting active travelers and those seeking a balance of nature and city experiences.

Ideal for: Outdoor enthusiasts, longer stays, relocating professionals

Average nightly rates: $140-$280

Investment outlook: Very consistent performer with strong summer season and loyal repeat guests. Properties here benefit from the neighborhood’s strong reputation and limited vacation rental inventory, resulting in above-average occupancy rates throughout the year.

6. Baker/South Broadway

This emerging area combines historic charm with eclectic energy, offering excellent value for both guests and investors. The “SoBo” corridor delivers an authentic local experience with vintage shops, music venues, and diverse dining options that appeal to younger travelers.

Ideal for: Budget-conscious travelers, music lovers, younger demographics

Average nightly rates: $120-$225

Investment outlook: Strong potential for appreciation and growing rental demand. Entry prices remain more accessible than established neighborhoods, while performance metrics continue to improve as the area develops.

7. LoHi (Lower Highlands)

Offering stunning downtown views and a dynamic food scene, LoHi has evolved into one of Denver’s most desirable neighborhoods. Its pedestrian bridge provides easy access to downtown while maintaining a distinct neighborhood character that resonates with vacation rental guests.

Ideal for: Couples, food enthusiasts, social travelers

Average nightly rates: $165-$310

Investment outlook: Premium prices but excellent performance fundamentals. Properties with outdoor space and city views achieve exceptional rates, particularly during summer months and special events.

8. Capitol Hill

Denver’s most densely populated neighborhood offers historic character and central location at moderate price points. The area’s eclectic mix of historic mansions, apartment buildings, and restaurants creates a diverse urban experience that appeals to value-conscious travelers.

Ideal for: Budget travelers, young professionals, urban explorers

Average nightly rates: $100-$200

Investment outlook: Solid performer with lower acquisition costs than many central neighborhoods. Smaller units perform particularly well here, with studios and one-bedrooms achieving excellent occupancy due to their attractive price points.

9. Sloan’s Lake

Centered around Denver’s largest body of water, this up-and-coming neighborhood offers exceptional views, outdoor recreation, and reasonable proximity to downtown. The combination of park access and city skyline views creates a compelling value proposition for both guests and investors.

Ideal for: Outdoor enthusiasts, families, travelers with vehicles

Average nightly rates: $145-$275

Investment outlook: Strong growth potential as the area continues to develop. Properties with lake views command significant premiums, while the neighborhood’s relative affordability compared to more established areas creates opportunity for investors.

10. Berkeley

This northwest Denver neighborhood offers a genuine local experience with its Tennyson Street shopping district, neighborhood pubs, and residential character. Located further from downtown but offering excellent value, Berkeley appeals to travelers seeking authenticity and local immersion.

Ideal for: Value-conscious travelers, longer stays, local experience seekers

Average nightly rates: $125-$240

Investment outlook: More affordable entry point with growing popularity. The area’s continued development and strong local character create opportunity for early investors willing to sacrifice some location convenience for better acquisition values.