This study examines the evolution of dislocation density in cold rolled 1050 Al alloy. Various techniques such as numerical approaches, indentation techniques, X-ray diffraction line profile analysis, and electron backscattering diffraction were employed for the characterization of the deformed state. These methods allowed us to determine the nature of the evolution of the dislocation substructure during cold rolling. The investigated material was subjected to thickness reductions varying from 5% to 47%, which resulted in a continuous increase in hardness while the estimated dislocation density showed a tendency towards a less intense increase after a ~30% straining level. The numerical approaches employed, such as the Kubin–Estrin and a modified version of this model, are capable of ensuring a reasonable estimation of dislocation density at low and moderate deformation levels (~5–30%), while the discrepancy between the measured and simulated data is negligible when the material has been exposed to more severe rolling reductions.