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City Report · CO

Montrose

Pop. 21,044·36th most expensive in Colorado·Montrose rents are up 10.5% over the past year
Median rent (all units)
$2,027/mo
Year-over-Year
+10.5%
Month-over-Month
-1.2%
vs US Median
+$62
Falling (Monthly)
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Most AffordableMost Expensive
Montrose · $2,027
More expensive than 61% of US cities · National median $1,965/mo
Rent Reality Score
47/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Montrose's 10-year trend predicts.

Actual rent
$2,027/mo
Expected by trend
$1,998/mo
The Rent Reality Score compares today's median rent to where Montrose's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$880
1 BR
$880
2 BR
$1,160
3 BR
$1,630
4 BR+
$1,950
Research median
$1,160/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$24,324/yr
At $2,027/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.5% YoY, -1.2% MoM), not inventory.
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Demographics

Who lives here

Montrose, CO is majority owner-occupied, has a large retiree population, 33.5% of residents hold a bachelor's degree or higher.

Population
21,044
Median income
$70,386
Median age
47
Renters
29.3%
Age distribution
19.3%
16.9%
23.8%
12.3%
27.7%
Under 1819.3%
18–3416.9%
35–5423.8%
55–6412.3%
65+27.7%
Gender
47.5%
52.5%
Male47.5%
Female52.5%
Race & ethnicity
79.3%
21.5%
White79.3%
Black0.6%
Hispanic21.5%
Asian0.9%
Education (25+)
28.6%
30.7%
33.5%
No HS diploma7.2%
HS diploma28.6%
Some college30.7%
Bachelor's+33.5%
Housing tenure
70.7%
29.3%
Owner70.7%
Renter29.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Montrose, CO has changed in 5 years

Rent
$1,550 → $2,027
up 30.8%
Income
$54,260 → $70,386
up 29.7%
Population
20,098 → 21,044
up 4.7%
Renter share
29.1% → 29.3%
+0.2 pts
Bachelor's+
29.2% → 33.5%
+4.3 pts
Median age
48.3 → 47
-1.3 yrs

The median rent in Montrose, CO stood at $1,550 in 2023 and currently runs about $2,027, reflecting a 30.8% increase over the period. On the earnings side, the typical household in Montrose, CO now reports about $70,386, up from $54,260 in 2021. The population has grown by 4.7% since 2021, moving from about 20,098 residents to roughly 21,044. College-educated residents now make up 33.5% of adults here, versus 29.2% in 2021. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and Montrose, CO reflects that arc in its own way.

Community

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View Montrose rent history (2015–2026) →
Salary vs rent

Can you afford rent in Montrose on your salary?

At $2,027/mo, how Montrose rent compares to typical pay (30% rule).

By apartment size

Montrose rent by bedroom count

Median rent for each apartment size in Montrose. Click any size for full breakdown.

Local insights

Tips for renters in Montrose

About renting in Montrose, CO

Last updated: July 20, 2026

The median rent in Montrose is $2,027/mo as of July 2026. A studio apartment averages $880/mo while a 2-bedroom runs $1,160/mo. One-bedroom apartments average $880/mo and 3-bedroom units go for $1,630/mo.

At 35% of local median household income ($70,386/yr), Montrose ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.5% over the past year.

FAQ

Frequently asked questions

Is Montrose an affordable city for renters?

Montrose is considered moderate for renters. At $2,027/mo, rent takes approximately 35% of the local median household income ($70,386/yr). The standard benchmark is 30%. Montrose slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Montrose?

To keep rent at or below 30% of gross income, you would need to earn at least $81,000/year (~$39/hour full-time) to afford the median rent of $2,027/mo in Montrose. The local median household income is $70,386/yr, meaning the typical Montrose household falls short of that threshold.

Is rent going up or down in Montrose?

Rent in Montrose has increased 10.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Montrose rent compare to other cities in Colorado?

Montrose is middle-of-the-pack for Colorado for rent, ranking #36 out of 66 tracked cities at $2,027/mo.

Which nearby cities are cheaper to rent in than Montrose?

Several nearby cities have lower median rents than Montrose ($2,027/mo): Clifton ($1,371/mo), Grand Junction ($1,768/mo), Durango ($1,997/mo).

What percentage of Montrose residents rent vs. own?

According to Census data, approximately 29.3% of Montrose households are renters, while 70.7% are owner-occupied. Montrose leans toward homeownership, which can mean a smaller rental inventory.

How does Montrose rent compare to the national average?

Montrose's median rent of $2,027/mo is $62 (3%) above the US national median of $1,965/mo. Within Colorado, it ranks #36 out of 66 tracked cities.
Income Affordability
35%
MODERATE

At $2,027/mo, rent takes ~35% of Montrose's median household income ($70,386/yr). The standard benchmark is 30%.

Montrose 35%Benchmark 30%
State income tax4.4%
Run the Montrose affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Montrose, CO

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