Cheap Homes for Rent in Prospect Park Neighborhood of Grand Junction, CO from $800 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in the Prospect Park area of Grand Junction.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Prospect Park, Grand Junction, CO Local Guide

Cheapest Available Prospect Park Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Monument StudiosLarge StudioStudio,1BA$795
Summit View Terrace1BR/1.0BA1BR,1BA$1,225

Best Value Apartments for Rent in Prospect Park, CO

As of May 10, 2025 the best value apartment in the Prospect Park area is the $1.04 price per square foot 1214 Walnut Ave Model at 1214 Walnut Ave, Unit 4 in the in the Central Grand Junction neighborhood starting from $1,300. The second greatest value Prospect Park apartment is the 1051 Teller Ave Model at 1051 Teller Ave, Unit #1 starting at $1,350 with a $1.70 price per square foot in the Central Grand Junction neighborhood. Here is today’s list of the best values for Prospect Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1214 Walnut Ave, Unit 41214 Walnut Ave2BR,2BA$1.04
1051 Teller Ave, Unit #11051 Teller Ave2BR,1BA$1.70
Summit View Terrace1BR/1.0BA1BR,1BA$1.71
446 N 22nd St, Unit 3446 N 22nd St2BR,1BA$1.86
1357 N 5th St, Unit 13571357 N 5th St1BR,1BA$2.00
Monument StudiosLarge StudioStudio ,1BA$2.21

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Frequently Asked Questions about Prospect Park

What type of rentals are currently available in Prospect Park?

There are currently 57 Apartments for Rent in Prospect Park, CO with pricing that ranges from $795 to $1,875. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect Park ranging from $800 to $4,900.

What is the current price range for Rental Homes in Prospect Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect Park ranges from $800 to $4,900 with an average monthly rent of $1,939.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.