ZIP Code · CO

ZIP 81505

Part of Grand Junction, CO

Pop. 13,279·Mesa County·101st most expensive ZIP in Colorado

Median rent (all units)

$1,879/mo

Year-over-Year

+3.2%

Month-over-Month

+0.3%

vs US Median

-$53

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 81505 · $1,879

More expensive than 54% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,110

1 BR

$1,240

2 BR

$1,570

3 BR

$2,180

4 BR+

$2,630

Research median

$1,570/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Colorado

Rent in ZIP 81505 changed +3.2% over the year to September 2026. Across the 155 Colorado ZIP codes Zillow tracks, the typical change was +1.3%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($90,830) is $2,271 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,180); a 4-bedroom is $2,630.

Rank in Grand Junction

3rd cheapest of 5 ZIP codes in Grand Junction.

From Zillow's monthly rent index (ZORI) for ZIP 81505. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,548/yr

At $1,879/mo median

Location

CityGrand Junction

StateCO

CountyMesa County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.2% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 81505 (Grand Junction, CO) is majority owner-occupied, has a median income above the national average, 42.9% of residents hold a bachelor's degree or higher.

Population

13,279

Median income

$90,830

Median age

41.2

Renters

28.8%

Age distribution

20.1%

20.9%

28.8%

18.7%

Under 1820.1%

18–3420.9%

35–5428.8%

55–6411.5%

65+18.7%

Gender

48.9%

51.1%

Male48.9%

Female51.1%

Race & ethnicity

79%

16.6%

White79%

Black1%

Hispanic16.6%

Asian0.9%

Other2.5%

Education (25+)

18.9%

35.3%

42.9%

No HS diploma2.9%

HS diploma18.9%

Some college35.3%

Bachelor's+42.9%

Housing tenure

71.2%

28.8%

Owner71.2%

Renter28.8%

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

2021 vs 2026

How ZIP 81505 in Grand Junction, CO has changed in 5 years

Income

$79,117 → $90,830

up 14.8%

Population

12,009 → 13,279

up 10.6%

Renter share

28.2% → 28.8%

+0.6 pts

Bachelor's+

40.1% → 42.9%

+2.8 pts

Median age

39.8 → 41.2

+1.4 yrs

Census figures show median household income at $90,830 today, compared with $79,117 five years earlier. Census counts show ZIP 81505 in Grand Junction, CO adding about 1,270 residents over the five-year window, up 10.6% on net. Bachelor's-degree-or-higher attainment moved from 40.1% to 42.9% across the same window.

Community

Discussions about ZIP 81505

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Local insights

Tips for renters in ZIP 81505

About renting in ZIP 81505

Last updated: October 17, 2026

ZIP code 81505 covers Grand Junction, CO. The median rent here is $1,879/mo as of October 2026. A 1-bedroom rents for a median of $1,240/mo. A 2-bedroom rents for a median of $1,570/mo.

At 25% of local median household income ($90,830/yr), ZIP 81505 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 81505?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (about $36/hour full-time) to afford the median rent of $1,879/mo in ZIP 81505. The local median household income is $90,830/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 81505?

Rent in ZIP 81505 has risen 3.2% over the past year.

How does ZIP 81505 compare to other ZIPs in Colorado?

ZIP 81505 is in the middle among Colorado ZIP codes for rent, ranking #101 of 168 at $1,879/mo. Over the year to September 2026, rent in ZIP 81505 changed +3.2%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.