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ZIP Code · CO

ZIP 81401

Part of Montrose, CO
Pop. 24,228·Montrose County·90th most expensive ZIP in Colorado
Median rent (all units)
$1,974/mo
Year-over-Year
Stable
Month-over-Month
-1.7%
vs US Median
+$9
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 81401 · $1,974
More expensive than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$890
1 BR
$900
2 BR
$1,180
3 BR
$1,640
4 BR+
$1,980
Research median
$1,180/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
$23,688/yr
At $1,974/mo median
Location
StateCO
CountyMontrose County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.0% YoY, -1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 81401 (Montrose, CO) is majority owner-occupied, has a large retiree population, 29.5% of residents hold a bachelor's degree or higher.

Population
24,228
Median income
$71,286
Median age
46.3
Renters
28.5%
Age distribution
20.4%
17%
23.8%
12.8%
26%
Under 1820.4%
18–3417%
35–5423.8%
55–6412.8%
65+26%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
78.5%
20.5%
White78.5%
Black0.6%
Hispanic20.5%
Asian0.7%
Education (25+)
30.7%
32.4%
29.5%
No HS diploma7.4%
HS diploma30.7%
Some college32.4%
Bachelor's+29.5%
Housing tenure
71.5%
28.5%
Owner71.5%
Renter28.5%

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

2021 vs 2026

How ZIP 81401 in Montrose, CO has changed in 5 years

Income
$53,985 → $71,286
up 32.0%
Population
23,497 → 24,228
up 3.1%
Renter share
28.3% → 28.5%
+0.2 pts
Bachelor's+
26.8% → 29.5%
+2.7 pts

Census figures show median household income at $71,286 today, compared with $53,985 five years earlier. The population has grown by 3.1% since 2021, moving from about 23,497 residents to roughly 24,228. College-educated residents now make up 29.5% of adults here, versus 26.8% in 2021.

Community

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Local insights

Tips for renters in ZIP 81401

About renting in ZIP 81401

Last updated: July 20, 2026

ZIP code 81401 covers Montrose, CO. The median rent here is $1,974/mo as of July 2026. A 1-bedroom rents for a median of $900/mo. A 2-bedroom rents for a median of $1,180/mo.

At 33% of local median household income ($71,286/yr), ZIP 81401 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 81401?

As of July 20, 2026, the median monthly rent in ZIP 81401 (Montrose, CO) is $1,974. This is based on aggregated data from public sources and community submissions.

How does ZIP 81401 rent compare to the US average?

ZIP 81401's median rent of $1,974/mo is $9 (0%) above the US national median of $1,965/mo.

How does ZIP 81401 compare to other ZIPs in Colorado?

ZIP 81401 falls in the middle range for Colorado, ranking #90 out of 166 ZIPs at $1,974/mo.

How much income do you need to rent in ZIP 81401?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (~$38/hour full-time) to afford the median rent of $1,974/mo in ZIP 81401. The local median household income is $71,286/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 81401?

Rent in ZIP 81401 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 81401 an affordable place to rent?

ZIP 81401 is considered moderate for renters. At $1,974/mo, rent takes approximately 33% of the local median household income ($71,286/yr). The standard benchmark is 30%. ZIP 81401 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 81401 residents rent vs. own?

According to Census data, approximately 28.5% of ZIP 81401 households are renters, while 71.5% are owner-occupied. ZIP 81401 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 81401 compare to the rest of Montrose?

ZIP 81401 is more affordable than Montrose overall. At $1,974/mo, it's $53 below the Montrose citywide median of $2,027/mo.

When was rent data for ZIP 81401 last updated?

Rent data for ZIP 81401 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
33%
MODERATE

At $1,974/mo, rent takes ~33% of ZIP 81401's median household income ($71,286/yr). The standard benchmark is 30%.

ZIP 81401 33%Benchmark 30%
State income tax4.4%
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Schools nearby

Public schools near ZIP 81401 (Montrose, CO)

Recent submissions

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