
Cheap Apartments for Rent in the Prospect Park Neighborhood of Grand Junction, CO from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Grand Junction.


425 N 17th St, Unit B-1

Total Monthly Price
1043 North Ave, Unit 220

2226 Texas Ave, Unit A

1505 N 20th St, Unit A-2

2202 Orchard Ave, Unit A

1023 Teller Ave

2233 Hall Ave, Unit A - 1
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

333 North Ave

742 Grand Ave

450 Chipeta Ave

450 Chipeta Ave

1140 Walnut Ave

1051 Teller Ave

Aladdin Apartments

Monument Studios
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

1060 Grand Ave

Belford Apartments

Park East Apartments

Las Casas Apartments

Villa West Apartments

1626 Rood Avenue

Aspen Leaf Place

Midtown Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Raintree Apartments

1368 Elm Ave

580 Bookcliff Ave

1302 Glenwood Ave

1741 Ouray Ave

1741 Ouray Ave

1281 Bookcliff Ave

1717 Cannell Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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.

540 Teller Ave

2325 Texas Ave
Prospect Park, Grand Junction, CO Local Guide

How much does it cost to rent an apartment in Prospect Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Park 1 Bedroom Apartments | $1,099 | $795 | $1,500 |
| Prospect Park 2 Bedroom Apartments | $1,457 | $800 | $1,950 |
| Prospect Park 3 Bedroom Apartments | $1,918 | $1,595 | $2,285 |
| Prospect Park 4 Bedroom Apartments | $2,550 | $2,500 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 1 mile radius of the Prospect Park Neighborhood of Grand Junction, CO.
See all Apartments in Grand JunctionExplore Grand Junction
Cheapest Available Prospect Park Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Monument Studios | Large Studio | 1BR,1BA | $595 |
Best Value Apartments for Rent in Prospect Park, CO
As of June 14, 2026 the best value apartment in the Prospect Park area is the $1.90 price per square foot 580 Bookcliff Ave #6 Model at 580 Bookcliff Ave #6, Unit Little Bookcliff in the in the Central Grand Junction neighborhood starting from $1,500. The second greatest value Prospect Park apartment is the Large Studio Model at Monument Studios starting at $595 with a $1.65 price per square foot in the Central Grand Junction neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 580 Bookcliff Ave #6, Unit Little Bookcliff | 580 Bookcliff Ave #6 | 1BR,1BA | $1.90 |
| Monument Studios | Large Studio | 1BR,1BA | $1.65 |
Frequently Asked Questions about Cheap Prospect Park Apartments
How much is rent for a Cheap One Bedroom Prospect Park Apartment?
The lowest price for a Cheap One Bedroom Prospect Park Apartment is $595 at Monument Studios.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.