Montrose, Colorado Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Montrose, Colorado rental market.
Montrose, Colorado
Average Apartment Rent
$1,679
Y-o-Y Change in Average
Apartment Rent
Infinity%
As of March 2026
Compared to a year ago, Montrose, Colorado apartments have recorded a Infinity% rent increase.
Montrose, Colorado Average apartment rent trend
Montrose, Colorado Average Apartment Rent
Montrose, Colorado Apartment rent ranges
At 42.55%, apartments priced $1,500 - $2,000 represent the bulk of Montrose, Colorado rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 26.06%.
Montrose, Colorado Housing tenure**
Renters take up 29% of Montrose, Colorado real estate, occupying a total of 2,435 units, while homeowners live in 6,015 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$33,849
Average household size of renter-occupied housing units**
2.21
Rental vacancy rate**
10.6%
Montrose, Colorado Renter-occupied housing units by no. of bedrooms**
There are 914 rentals in Montrose, Colorado with 2 beds making up the highest share of the market, at 38%. Units with 4 beds, on the other hand, hold the lowest percentage (4%), amounting to 89 units. Overall, the median number of rooms in Montrose, Colorado homes for rent is 4.4.
Montrose, Colorado Renter-occupied units by age of householder**
Most condos for rent in Montrose, Colorado are occupied by residents in the 45 - 54 years age group (22%), followed by those in the 25 - 34 years age group (16%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Montrose, Colorado Renter-occupied housing units by family type**
Montrose, Colorado Renter-occupied housing units by the presence of own children**
A total of 1,184 apartments for rent in Montrose, Colorado, or 49% of all rentals are family households. Additionally, 29% of rental homes include children under the age of 18 – that’s 699 units. All in all, the median size of a renter-occupied household in Montrose, Colorado is 2.21.
Montrose, Colorado Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 23% of the rental market. In contrast, residents with less than a high school degree reside in 15% of the homes for rent in Montrose, Colorado.
Montrose, Colorado Renter-occupied units by year structure built**
The highest share of Montrose, Colorado apartment rentals, namely 25% or 607 units, were Built 1990 - 1999, followed by those Built 1970 - 1979 (19%, 452 units), and the ones Built 1950 - 1959 (14%, 342 units).
Montrose, Colorado Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Montrose, Colorado renters (43%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Montrose, Colorado condos for rent is 2017.
Montrose, Colorado Renter-occupied housing units by vehicles available**
When it comes to transportation options, 52% of Montrose, Colorado renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 9% have No vehicle available.
Montrose, Colorado Means of transportation to work of householders living in renter-occupied housing units**
Montrose, Colorado Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Montrose, Colorado apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
