Parachute

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Parachute, CO Area Guide

Legends, cliffs, and desert terrain in northwestern town of Parachute

Cliffs Desert Parachute River Rafting Colorado

The town of Parachute is named after Parachute Creek, which flows through town and empties into the better-recognized Colorado River. Legend says that a land surveyor in 1879 noted that the river patterns of Roan Plateau resembled lines of a parachute, giving this northwest town its name. Activities include fishing, rafting, and horseback riding. Not far from the modest restaurants and I-70 is a golf course. In addition, the Book Cliffs - a desert mountain range made up of sandstone - surround Parachute.

Rent Trends

As of April 2026, the average apartment rent in Parachute, CO is $1,082 for one bedroom, $1,276 for two bedrooms, and $1,485 for three bedrooms. Apartment rent in Parachute has increased by 7.3% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,082/month
733 Sq Ft
See Rental Market Trends in Parachute, CO

Schools

Grand Valley Middle School

Public

Grades 6-8

Grand Valley High School

Public

Grades 9-12

Points of Interest

Shopping Centers

Top Apartments in Parachute

Houses for Rent in Parachute

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.