Cheap Apartments for Rent in Grand Junction, CO from $500 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in Grand Junction.

property at 704 Horizon Dr

$795 - $895

1 Bedroom Rentals

Available Now

704 Horizon Dr

Grand JunctionCO81506
property at 1810 North Ave

$799 - $899

1 Bedroom Rentals

Available Now

1810 North Ave

Grand JunctionCO81501
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Aladdin Apartments
1 to 2 Bedroom Apartments

Aladdin Apartments

430-450 Chipeta AveGrand Junction, CO 81501
  • Utilities Included
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Monument Studios
Studio to 2 Bedroom Apartments

Monument Studios

1600 North AveGrand Junction, CO 81501
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Foresight Village
1 to 2 Bedroom Apartments

Foresight Village

606 25 1/2 RdGrand Junction, CO 81505
  • Utilities Included
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Belford Apartments
1 Bedroom Apartments

Belford Apartments

1029 Belford AveGrand Junction, CO 81501
  • Utilities Included
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Park East Apartments
1 to 2 Bedroom Apartments

Park East Apartments

2344-2355 Teller CtGrand Junction, CO 81501
  • Utilities Included
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Villa West Apartments
1 Bedroom Apartments

Villa West Apartments

406 N 22nd StGrand Junction, CO 81501
  • Utilities Included
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Las Casas Apartments
1 to 3 Bedroom Apartments

Las Casas Apartments

330 Glenwood AveGrand Junction, CO 81501
  • Utilities Included

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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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1626 Rood Avenue
1 to 2 Bedroom Apartments

1626 Rood Avenue

1620 Rood AveGrand Junction, CO 81501
  • Utilities Included
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Midtown Apartments
1 to 3 Bedroom Apartments

Midtown Apartments

1030 Teller AveGrand Junction, CO 81501
  • Utilities Included
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Aspen Leaf Place
2 Bedroom Apartments

Aspen Leaf Place

960 Bookcliff AveGrand Junction, CO 81501
  • Utilities Included
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Raintree Apartments
1 to 2 Bedroom Apartments

Raintree Apartments

1930 Grand AveGrand Junction, CO 81501
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Grand Junction, CO Local Guide

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Cheapest Neighborhoods for Apartments in Grand Junction, CO

Pricing Updated: 01/24/2026

Current apartment rentals in the Grand Junction, CO area range in price from $795 to $3,500 with an overall median price of $2,352. The three Grand Junction neighborhoods with the lowest median rent pricing are Shadowbrook at $1,050, Campbell Estates at $1,050, and Countryside at $1,050. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Grand Junction Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Shadowbrook$1,125$1,0501
Campbell Estates$1,400$1,0502
Countryside$1,400$1,0502
Parkwood Estates$1,400$9953
Autumn Glenn$1,525$7959
Pear Park$1,525$7959
Southeast Area$1,525$9954
Capitol Hill$1,650$79913
Central Grand Junction$1,650$79913
Elmwood Plaza$1,650$7997

Cheapest Available Grand Junction Apartments for Rent

 

The cheapest available apartment rental in Grand Junction, CO is a Studio unit found at Monument Studios in the Central Grand Junction neighborhood priced from $795. The Junction in the Historic Downtown Grand Junction neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,315. Here is today’s list of the most affordable Grand Junction apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Monument StudiosLarge StudioStudio,1BA$795
The JunctionTrailhead- 0BR/1BAStudio,1BA$1,315
Summit View Terrace2BR/1.0BA2BR,1BA$1,395
SLICK ROCK APARTMENTS2BR/1.0BA2BR,1BA$1,395
The Landing on HorizonThe AbbeyStudio,1BA$1,405

Best Value Apartments for Rent in Grand Junction, CO

As of January 24, 2026 the best value apartment in the Grand Junction area is the $1.71 price per square foot Fully Furnished Model at Pomona Park Townhomes in the in the Appleton neighborhood starting from $3,000. The second greatest value Grand Junction apartment is the 384 Sunnyside Cir Model at 384 Sunnyside Cir, Unit B starting at $1,400 with a $1.36 price per square foot in the Fruitvale neighborhood. Here is today’s list of the best values for Grand Junction apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pomona Park TownhomesFully Furnished4BR,3BA$1.71
384 Sunnyside Cir, Unit B384 Sunnyside Cir3BR,2BA$1.36
Summit View Terrace2BR/1.0BA2BR,1BA$1.64
SLICK ROCK APARTMENTS2BR/1.0BA2BR,1BA$1.67
Copper Village ApartmentsThe Monument1BR,1BA$1.98
The Railyard at RimrockThe Napa - one bedroom one bath1BR,1BA$1.92
The Slate on 25Napa1BR,1BA$1.95
212 Teller Ave, Unit Basement212 Teller Ave1BR,1BA$1.86
125 N 17th St, Unit A125 N 17th St1BR,1BA$2.31
The Landing on HorizonThe AbbeyStudio ,1BA$2.46

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Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Grand Junction Overview

From its beautiful landscapes of interesting rock foundations and mountains to its pristine lakes, the City of Grand Junction, Colorado is one of the best kept secrets in the state of Colorado.

Why live in Grand Junction, CO?

Grand Junction features a sunny and dry climate which makes it the perfect area for people of all ages. Because it is somewhat isolated, Grand Junction offers those who choose to settle away from the sights and sounds of the fast moving cities surrounding it the opportunity to settle in an area with a slower pace, and a more relaxing atmosphere. Grand Junction has a lot to offer in terms of its culture and its beautiful landscapes offer a peaceful and tranquil setting to come home to after a long day at work.

Grand Junction, CO
Population: 63,374

Ranked #595

in US Census Population by City

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Grand Junction, CO Rentals by Map

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Frequently Asked Questions about Cheap Grand Junction Apartments

What is a cheap apartment in Grand Junction?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Grand Junction is under $1,460.

What is the price of a cheap apartment in Grand Junction?

The cheapest apartment in Grand Junction is Monument Studios which is listed at $1,095, while the average apartment in Grand Junction costs $2,352.

What types of apartments are the cheapest in Grand Junction?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 90 regular apartments in Grand Junction that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Grand Junction?

Cheap apartments in Grand Junction have an average cost of $818 which is $1,534 cheaper than the average rent for all rentals in Grand Junction.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.