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Telluride sits at the end of a box canyon in southwest Colorado, and getting there is part of the cost: the nearest large airport is Montrose, about 90 minutes out, with a small regional field closer. Once you're in, the free gondola between Telluride and Mountain Village runs most of the year and is one of the best free rides in the country. Summer hiking to Bridal Veil Falls and along the valley is free; the festival calendar (bluegrass in June, film in September) is when rates peak. Ski season holidays are the other peak. This guide covers access, the gondola, and when the town is actually affordable.
Montrose Regional (MTJ) is about 90 minutes away and has the most service. Telluride's own airport is closer but weather-sensitive with limited flights.
Yes — the gondola linking Telluride and Mountain Village is free to ride and operates most of the year.
The mud-season windows: roughly mid-April to late May, and late October into November before ski season opens.