Affordable & Income-Based Housing in Montrose

Affordability in Montrose, CO

According to Census ACS 5-Year data (as of 2024), the median monthly rent in Montrose is $1,197 and the median household income is $70,386 annually. About 29% of Montrose households rent their homes, reflecting a predominantly owner-occupied market where affordable rental options can be in high demand.

Lease Lantern tracks 6 HUD-assisted or income-based properties in Montrose, offering a combined 286 units for income-qualified renters.

Safety

According to FBI Crime Data Explorer, the Montrose Police Department reported a violent crime rate of 235 per 100,000 residents in 2024. Note that crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

For flood risk, 1 of the 6 HUD-assisted properties in Montrose is mapped in a high-risk flood zone. Renters may want to ask about flood insurance options before signing a lease.

Getting Around Montrose

According to Walk Score, the area around assisted properties in Montrose earns a Walk Score of 71 (Very Walkable) and a Bike Score of 56, suggesting many errands can be handled on foot and cycling is a reasonable option. No Transit Score is available for this area.

Schools

Montrose is served by 13 schools across 1 district, including 6 elementary, 2 middle, and 5 high schools, according to NCES Common Core of Data. Ratings vary by school, so renters should check the assigned schools for a specific address before applying.

Cost of Renting in Montrose

The median household income in Montrose is $70,386 per year, according to Census ACS 5-Year estimates. The median monthly rent across all rental housing in the city is $1,197, according to the same source.

Affordable and income-based housing can help renters whose budgets fall below market-rate costs. Montrose has 6 HUD-assisted or income-restricted properties with a combined 286 units available in the city.

Environmental Exposure

Of the 6 HUD-assisted properties in Montrose, all 6 have been mapped for flood risk. Only 1 of those properties falls within a high-risk flood zone, meaning the large majority face minimal flood exposure.