Grand Junction, CO—81504

As of July '25, Rentcast reports the average rent in Grand Junction, CO is $1,890, with a year-over-year rent change of 10.5%. Per bedroom, the median rent as of July '25 in Grand Junction, CO is studios: $2,400, 1-bedrooms: $1,020, 2-bedrooms: $1,260, 3-bedrooms: $2,110, 4-bedrooms: $2,210. The most common rental property sizes in Grand Junction, CO are 3-bedroom and 2-bedroom, accounting for 63.3% and 22.5% of the rental stock.

As of the latest ACS Survey released in 2023, Grand Junction, CO has a population of 31,900, which has increased by 11.4% over the past 5 years. Grand Junction, CO is a popular place for families, as children make up 25.1% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.

As of the latest ACS Survey released in 2023, Grand Junction, CO is a predominantly white area, with 72.9% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Grand Junction, CO is hispanic, making up 21.3% of the population. Foreign-born residents account for 5.7% of the population in Grand Junction, CO, and this percentage has increased by 58.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

As of 2024, the percent of homes in Grand Junction, CO under the Section 8 program is 13.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Grand Junction, CO, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.