Average Rent in Grand Junction, CO↑ Rents rising 10.9% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 157,316
Market Overview
Grand Junction, CO has rental prices ranging from $873/month to $2,091/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $961/month — 31% below the national average of $1,400/month. With a median household income of $71,485/year, spending $961/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.
How Grand Junction Compares
With an average 2-bedroom rent of $1,245/month, Grand Junction ranks #24 most expensive of the 55 cities tracked in Colorado — pricier than 84% of all US cities in our data.
The Grand Junction Rental Market
The Grand Junction, CO area has a population of about 157,316 and 28% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Grand Junction, CO have risen by $122/month (10.9%) over the past year, from $1,123 to $1,245. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.
Affordability
To afford a 1-bedroom apartment in Grand Junction, CO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $38,440. The local median household income of $71,485 exceeds that threshold by $33,045, making Grand Junction relatively accessible compared to local wages.
Rent vs. Buy
The median home value in Grand Junction, CO is $427,867, giving a price-to-rent ratio of 28.6. With a break-even horizon of approximately 29 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.
Fair Market Rents
HUD FY2025Is Grand Junction, CO Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in COlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Denver | $1,639 | $1,789 | $2,140 | $2,794 | — |
| Colorado Springs | $1,219 | $1,472 | $1,778 | $2,491 | — |
| Fort Collins | $1,434 | $1,442 | $1,695 | $2,375 | — |
| Greeley | $1,107 | $1,203 | $1,528 | $2,141 | — |
| Boulder | $1,466 | $1,702 | $2,059 | $2,704 | — |
| Pueblo | $863 | $959 | $1,258 | $1,626 | — |
Rent or Buy in Grand Junction?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Grand Junction data
Buying breaks even after 4 years — worth it if you stay 4+ years.
Mortgage Calculator
Estimate monthly payment for $427,867 home at 7% rate
Living in Grand Junction
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Frequently Asked Questions
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⚖️Rent vs Buy in Grand JunctionIs it cheaper to rent or buy here?
💵Rent Affordability in Grand JunctionSalary needed to afford rent here
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