
Cheap Apartments for Rent in the Prospect Park Neighborhood of Grand Junction, CO from $500 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Prospect Park area of Grand Junction.


Mesa Ridge Apartments

950 Northern Way

337 N 7th St

Aladdin Apartments

1043 North Ave

Villa West Apartments
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.

Las Casas Apartments

1626 Rood Avenue

The Eddy Apartments

Belford Apartments

Park East Apartments

Aspen Leaf Place

Raintree Apartments
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.

Heather Ridge Apartments

Four Point Hall

Midtown Apartments

Arabian Apartments

Nellie Bechtel Senior Apartments

Arlington Pointe

Arbor Vista
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.

Greenhouse Apartments
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 | $852 | $815 | $890 |
| Prospect Park 2 Bedroom Apartments | $1,330 | $800 | $1,600 |
| Prospect Park 3 Bedroom Apartments | $2,100 | $2,100 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 1 mile radius of the Prospect Park Neighborhood of Grand Junction, CO.
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Cheapest Available Prospect Park Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Monument Studios | Large Studio | 1BR,1BA | $795 |
| Summit View Terrace | 2BR/1.0BA | 2BR,1BA | $1,425 |
Best Value Apartments for Rent in Prospect Park, CO
As of April 13, 2026 the best value apartment in the Prospect Park area is the $1.68 price per square foot 2BR/1.0BA Model at Summit View Terrace in the in the Central Grand Junction neighborhood starting from $1,425. The second greatest value Prospect Park apartment is the Large Studio Model at Monument Studios starting at $795 with a $2.21 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. |
|---|---|---|---|
| Summit View Terrace | 2BR/1.0BA | 2BR,1BA | $1.68 |
| Monument Studios | Large Studio | 1BR,1BA | $2.21 |
Frequently Asked Questions about Cheap Prospect Park Apartments
What is the lowest price for a Cheap Two Bedroom Prospect Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect Park is starting from $1,425 at Summit View Terrace.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.