
Cheap Apartments for Rent in the The Falls Neighborhood of Grand Junction, CO from $500 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Falls area of Grand Junction.


911 Teller Ave

425 N 17th St, Unit B-1

Total Monthly Price
704 Horizon Dr, Unit A

721 Horizon Dr

1505 N 20th St, Unit A-2

2233 Hall Ave, Unit A - 1

1023 Teller Ave

333 North Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

2824 North Ave

2400 North Ave

2857 Elm Cir

2852 1/2 Belford Ave

Summit View Apartments

400 1/2 Ouray Ave

2904 Dawn Dr

2541 Grand Ave

1302 Glenwood Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Aladdin Apartments

135 S 10th St

Monument Studios

1060 Grand Ave

816 Grand Ave

Park East Apartments

Belford Apartments

Villa West Apartments

Las Casas Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1225 N 23rd St

540-529 29 Rd

1626 Rood Avenue

Aspen Leaf Place

Midtown Apartments

Heather Ridge Apartments

Raintree Apartments

1231 N. 23rd ST

1741 Ouray Ave
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.

1741 Ouray Ave

910 Rood Ave

1424 N 22nd St
The Falls, Grand Junction, CO Local Guide

How much does it cost to rent an apartment in The Falls?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Falls Studio Apartments | $1,176 | $795 | $1,558 |
| The Falls 1 Bedroom Apartments | $1,211 | $795 | $1,988 |
| The Falls 2 Bedroom Apartments | $1,494 | $800 | $2,163 |
| The Falls 3 Bedroom Apartments | $1,832 | $1,550 | $2,413 |
| The Falls 4 Bedroom Apartments | $2,050 | $1,700 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the The Falls Neighborhood of Grand Junction, CO.
See all Apartments in Grand JunctionExplore Grand Junction
The Falls, Grand Junction, CO Local Guide
- Nearby Grand Junction neighborhoods
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Cheapest Available The Falls Apartments for Rent
 The cheapest available apartment rental in the The Falls area of Grand Junction, CO is a 1 Bed unit found at Monument Studios priced from $795. Summit View Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,150. Here are the most affordable The Falls apartments for rent in Grand Junction, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Monument Studios | Large Studio | 1BR,1BA | $795 |
| Summit View Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1,150 |
| 1231 N. 23rd ST | 0BR/1.0BA | Studio,1BA | $1,150 |
| 529 Colorado Ave | 529 Unit 101 | 2BR,1BA | $1,450 |
| The Landing on Horizon | The Abbey | Studio,1BA | $1,558 |
| Peppermill Lofts | 2x1 895 | 2BR,1BA | $1,585 |
Best Value Apartments for Rent in The Falls, CO
As of August 20, 2026 the best value apartment in the The Falls area is the $1.61 price per square foot 1522 Hall Ave Model at 1522 Hall Ave, Unit 1522 Hall Ave Unit B in the in the Central Grand Junction neighborhood starting from $1,700. The second greatest value The Falls apartment is the 1522 Hall Ave Model at 1522 Hall Ave, Unit B starting at $1,700 with a $1.61 price per square foot in the Central Grand Junction neighborhood. Here is today’s list of the best values for The Falls apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1522 Hall Ave, Unit 1522 Hall Ave Unit B | 1522 Hall Ave | 3BR,1BA | $1.61 |
| 1522 Hall Ave, Unit B | 1522 Hall Ave | 3BR,1BA | $1.61 |
| Peppermill Lofts | 2x1 895 | 2BR,1BA | $1.77 |
| Summit View Apartments | 1 Bed, 1 Bath | 1BR,1BA | $1.44 |
| 1231 N. 23rd ST | 0BR/1.0BA | Studio ,1BA | $1.69 |
| 529 Colorado Ave | 529 Unit 101 | 2BR,1BA | $2.31 |
| The Landing on Horizon | The Abbey | Studio ,1BA | $2.73 |
| 704 Horizon Dr, Unit A | 704 Horizon Dr | Studio ,1BA | $1.73 |
| Monument Studios | 1bed 1 bath | 1BR,1BA | $3.60 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleThe Falls, Grand Junction, CO
Ranked #15
Among cities in Colorado for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in The Falls, Grand Junction, CO
Nisley Elementary School
Grand Junction High School
Bookcliff Middle School
School data provided by Great Schools
Frequently Asked Questions about Cheap The Falls Apartments
How much is rent for a Cheap One Bedroom The Falls Apartment?
The lowest price for a Cheap One Bedroom The Falls Apartment is $795 at Monument Studios.
What is the lowest price for a Cheap Two Bedroom The Falls Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in The Falls is starting from $1,400 at Summit View Apartments.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.