Cheap Apartments for Rent in Somerset, CO from $500 (25 Rentals)

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

property at 550 W Main St

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

Studio, 1 Bath Home for Rent

Available May 12

550 W Main St

CedaredgeCO81413
property at 101-107 W Bridge St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

Studio, 1 Bath Home for Rent

Available Jun 10

101-107 W Bridge St

HotchkissCO81419
property at 724 Cedar Creek Ave

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available May 9

724 Cedar Creek Ave

MontroseCO81401
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The Junction
Rent Specials
$1,420 - $2,360
Total Monthly Price

Total Monthly Price

Base Rent
$1,370 - $2,310
Required Monthly Fees
$50

Total Monthly Price
$1,420 - $2,360
Studio to 2 Bedroom Apartments Available Now

The Junction

200 Rood AveGrand Junction, CO 81501
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Peppermill Lofts
$1,420 - $1,650
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,410 - $1,640
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Peppermill Lofts

491 28 1/4 RdGrand Junction, CO 81501
Corporate Housing
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  • Customer Reviewed
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The Railyard at Rimrock
$1,460 - $2,345
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,345 - $2,230
Required Monthly Fees
$115

Total Monthly Price
$1,460 - $2,345
Studio to 3 Bedroom Apartments Available Now

The Railyard at Rimrock

800 Railyard LoopGrand Junction, CO 81505
Family Friendly
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  • 3D Tour
  • Smoke Free
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The Slate on 25
$1,558 - $2,413
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,385 - $2,240
Required Monthly Fees
$173

Total Monthly Price
$1,558 - $2,413
Studio to 3 Bedroom Apartments Available Now

The Slate on 25

2494 Flat Top LnGrand Junction, CO 81505
Family Friendly
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The Landing on Horizon
Rent Specials
$1,598 - $2,423
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,425 - $2,250
Required Monthly Fees
$173

Total Monthly Price
$1,598 - $2,423
Studio to 3 Bedroom Apartments Available Now

The Landing on Horizon

777 Horizon DrGrand Junction, CO 81506
Family Friendly
  • Verified
  • 3D Tour
  • Smoke Free

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.

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Rya Suites
$1,649 - $1,975
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,639 - $1,965
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Rya Suites

2535 Knollwood DrGrand Junction, CO 81505
Affordability
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property at 712 Cedar Creek Ave

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

2 Bedroom, 1 Bath Home for Rent

Available May 16

712 Cedar Creek Ave

MontroseCO81401
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Copper Village Apartments
$1,725 - $2,145
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,725 - $2,145

Total Monthly Price
$1,725 - $2,145
1 to 2 Bedroom Apartments Available Now

Copper Village Apartments

617 Balanced Rock WayGrand Junction, CO 81505
Family Friendly
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  • Utilities Included
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property at 201 Plateau Ave

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

Studio, 1 Bath Condo for Rent

Available May 9

201 Plateau Ave

CollbranCO81624

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.

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Rendezvous Apartments
1 to 2 Bedroom Apartments

Rendezvous Apartments

2366 Robins WayMontrose, CO 81401
Senior Living
  • Utilities Included
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Basecamp
1 to 2 Bedroom Apartments

Basecamp

41 N 6th StMontrose, CO 81401
property at 10502-12100 2100 Rd

$1,740

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,740

Total Monthly Price
$1,740

3 Bedroom, 1 Bath Home for Rent

Available Now

10502-12100 2100 Rd

Orchard CityCO81410
property at 747 S 2nd St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

1 Bedroom, 1 Bath Condo for Rent

Available May 1

747 S 2nd St

MontroseCO81401

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.

Somerset, CO Local Guide

Cheapest Available Somerset Apartments for Rent and Nearby

 

The cheapest available apartment rental in Somerset, CO is a Studio unit found at The Junction in the Historic Downtown Grand Junction neighborhood priced from $1,420. The Slate on 25 in the Appleton neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,558. Here is today’s list of the most affordable Somerset apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The JunctionJackalope- 0BR/1BAStudio,1BA$1,420
The Slate on 25AbbeyStudio,1BA$1,558
Peppermill Lofts2x1 900 SF2BR,1BA$1,650
BasecampOne Bedroom1BR,1BA$1,675
The House ApartmentsStudio - S1Studio,1BA$1,699

Best Value Apartments for Rent in Somerset, CO and Nearby

As of May 01, 2026 the best value apartment in the Somerset area is the $1.64 price per square foot End Unit Model at Pomona Park Townhomes in the in the Appleton neighborhood starting from $2,557. The second greatest value Somerset apartment is the 2B Model at Rya Suites starting at $1,975 with a $1.51 price per square foot in the Appleton neighborhood. Here is today’s list of the best values for Somerset apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pomona Park TownhomesEnd Unit3BR,2.5BA$1.64
Rya Suites2B2BR,2.5BA$1.51
Peppermill Lofts2x1 8952BR,1BA$1.84
Copper Village ApartmentsThe Monument1BR,1BA$2.12
The Landing on HorizonThe Malone1BR,1BA$2.47
The Railyard at RimrockThe Napa - one bedroom one bath1BR,1BA$2.10
The Slate on 25Napa1BR,1BA$2.18
BasecampOne Bedroom1BR,1BA$2.33
SIX CANYONOasis1BR,1BA$3.28
The JunctionJackalope- 0BR/1BAStudio ,1BA$3.07

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Quick Rent Budget Calculator

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

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Frequently Asked Questions about Cheap Somerset Apartments

What is the Cheapest Studio apartment in Somerset?

Currently the most affordable Cheap Studio Apartment in Somerset is at The Junction listed at $1,420.

How much is rent for a Cheap One Bedroom Somerset Apartment?

The lowest price for a Cheap One Bedroom Somerset Apartment is $1,633 at The Slate on 25.

What is the lowest price for a Cheap Two Bedroom Somerset Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Somerset is starting from $1,650 at Peppermill Lofts.

What is the most affordable Somerset Three Bedroom Apartment?

The best deal on a cheap Somerset Three Bedroom Apartment rental is at Pomona Park Townhomes and starts from $2,557.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.