Apartments in Fairmount Grand Junction

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$1,800
Grand Junction, CO
4 BR | Oct. 3, 2027
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Grand Junction:
November Rent Report

Welcome to the November 2024 Grand Junction Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Grand Junction rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Grand Junction and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Grand Junction average rent prices in the chart below.

Monthly Rent Report

$1,700
$1,280
$850
$430
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Grand Junction Rent Prices Decrease From October to November

Grand Junction rent prices decreased over the last month. From October to November, the city experienced a -3.62% decrease for the price of a one-bedroom apartment. The rent price for a Grand Junction one-bedroom apartments currently stands at $1,252.0.

When we take a look at the two-bedroom comparison from October to November, Grand Junction experienced a -0.85% decrease for the price of a two-bedroom apartment. The rent price for a Grand Junction two-bedroom apartments currently stands at $1,627.0.

November Prices: Grand Junction vs. Surrounding Areas

Fruita, CO
Grand Junction, CO
$1,600
$1,299
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Grand Junction and Surrounding Areas

Rent prices have decreased in Grand Junction over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Grand Junction suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Grand Junction suburbs

  • Rent decreased in Fruita, CO.

  • 1 suburb is currently priced higher than the city of Grand Junction.

November 2024 Pricing Trends: Grand Junction vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Grand Junction, CO
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,299
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Grand Junction Rent Prices More Affordable Than Major Cities

Rent growth in Grand Junction over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Grand Junction average rent prices appear to be relatively affordable for local residents.

The price for a Grand Junction one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Grand Junction and surrounding area rent prices, take a look at the complete data set below.

Data set for Grand Junction and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Grand Junction, CO $1,299.0 8.79% $1,641.0 2.69%
Fruita, CO $1,600.0 0.00% $1,612.0 6.47%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.