ZIP Code · CO

ZIP 81506

Part of Grand Junction, CO

Pop. 11,412·Mesa County·123rd most expensive ZIP in Colorado

Median rent (all units)

$1,736/mo

Year-over-Year

Stable

Month-over-Month

-3.0%

vs US Median

-$196

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 81506 · $1,736

More affordable than 55% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$920

1 BR

$1,030

2 BR

$1,310

3 BR

$1,820

4 BR+

$2,200

Research median

$1,310/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

What a typical income covers

30% of the median household income ($78,651) is $1,966 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,820); a 4-bedroom is $2,200.

Rank in Grand Junction

2nd cheapest of 5 ZIP codes in Grand Junction.

Cheaper nearby

ZIP 81501, 4 miles away, rents for 14% less ($1,499/mo), about $2,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 81506. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,832/yr

At $1,736/mo median

Location

CityGrand Junction

StateCO

CountyMesa 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, -3.0% MoM), not inventory.

Demographics

Who lives here

ZIP 81506 (Grand Junction, CO) is majority owner-occupied, has a large retiree population, 43.1% of residents hold a bachelor's degree or higher.

Population

11,412

Median income

$78,651

Median age

51.9

Renters

34.2%

Age distribution

15.4%

16.9%

21.4%

13.5%

32.8%

Under 1815.4%

18–3416.9%

35–5421.4%

55–6413.5%

65+32.8%

Gender

45.7%

54.3%

Male45.7%

Female54.3%

Race & ethnicity

87.4%

White87.4%

Black0.8%

Hispanic8.6%

Other3%

Education (25+)

18.4%

33.4%

43.1%

No HS diploma5.2%

HS diploma18.4%

Some college33.4%

Bachelor's+43.1%

Housing tenure

65.8%

34.2%

Owner65.8%

Renter34.2%

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

2021 vs 2026

How ZIP 81506 in Grand Junction, CO has changed in 5 years

Income

$74,136 → $78,651

up 6.1%

Population

11,504 → 11,412

down 0.8%

Renter share

35.4% → 34.2%

-1.2 pts

Bachelor's+

44.4% → 43.1%

-1.3 pts

Median age

54.2 → 51.9

-2.3 yrs

Census figures show median household income at $78,651 today, compared with $74,136 five years earlier.

Community

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Local insights

Tips for renters in ZIP 81506

About renting in ZIP 81506

Last updated: October 17, 2026

ZIP code 81506 covers Grand Junction, CO. The median rent here is $1,736/mo as of October 2026. A 1-bedroom rents for a median of $1,030/mo. A 2-bedroom rents for a median of $1,310/mo.

At 26% of local median household income ($78,651/yr), ZIP 81506 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 81506?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (about $33/hour full-time) to afford the median rent of $1,736/mo in ZIP 81506. The local median household income is $78,651/yr, so the typical household meets that bar.