Average Rent Prices in Montana (MT)
$1,6771
Average
$1,0861
Studio
$1,2391
1BR
$1,5471
2BR
$2,0791
3BR
$2,4331
4BR
🪄 RentalRealEstate Quick Answer
Montana’s average fair market rent is $1,677/month, ranking 20th among US states highest rent prices and 8.08% above the $1,551 national average. This page covers Montana’s statewide rent averages by bedroom count, metro-area rent comparisons, and rent context versus neighboring states and national benchmarks.
As of 2026, the overall average fair market rent for a residential rental property in Montana is $1,677. Average rent prices in Montana sit slightly above the national average rent of $1,551, in which Montana ranks as the as the 20th highest rent among all 50 states and 31st lowest rent among all 50 states within the United States. In Montana’s large metropolitan areas such as Billings, MT, the average rent prices tend to be higher, while alternative areas such as Bozeman, MT, can provide more affordable options.
Montana (MT) National Rent Rankings
29th
Highest Rent Among 50 States
22nd
Lowest Rent Among 50 States
Above
The National Rent Average
$125
Per Month Above National Rent Average
8.08%
Per Month Above National Rent Average
Average Rent Prices in Montana (MT) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
A unit that has 4 separate and distinct bedrooms.
Fair Market Rent
Gross rent estimate for a standard rental unit in a given market.
Average Rent Prices in Montana (MT) by Metro Area
| wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|---|
| 1 | Billings, MT HUD Metro FMR Area | 1016 | 1109 | 1417 | 1951 | 2216 |
| 2 | Bozeman, MT MSA | 1485 | 1642 | 2154 | 2996 | 3537 |
| 3 | Broadwater County, MT HUD Metro FMR Area | 1240 | 1595 | 1748 | 2096 | 2856 |
| 4 | Great Falls, MT MSA | 960 | 979 | 1284 | 1786 | 2035 |
| 5 | Jefferson County, MT HUD Metro FMR Area | 968 | 1070 | 1404 | 1946 | 1954 |
| 6 | Lewis and Clark County, MT HUD Metro FMR Area | 1136 | 1319 | 1647 | 2250 | 2496 |
| 7 | Mineral County, MT HUD Metro FMR Area | 941 | 1083 | 1361 | 1632 | 1915 |
| 8 | Missoula, MT HUD Metro FMR Area | 1143 | 1400 | 1655 | 2302 | 2776 |
| 9 | Stillwater County, MT HUD Metro FMR Area | 884 | 958 | 1257 | 1748 | 2109 |
| Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025.
Year-Over-Year Changes in Montana (MT) Rent Prices
27.82%
or
$365
Year-Over-Year Increase
$1,3121
2025 Average Historical Rent Price
$1,6771
2026 Average Current Rent Price
$2,1441
2027 Projected Average Rent Price
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2025, 2026, and estimated 2027 projection.
Montana (MT) Rental Real Estate Resources
Montana Rental Property Management
Montana rental property management focuses on handling tenant relations, property maintenance, and legal compliance to help property owners maximize their investment returns.
Montana Rental Property Insurance
Montana landlord insurance provides real estate investors with essential protection against financial losses caused by property damage, liability claims, loss of rental income, and other risks.
Montana Rental Property Loans
Montana rental property loans give investors access to financing for purchasing and refinancing properties in a state celebrated for its scenic landscapes and expanding rental opportunities.
Montana Rental Lease Agreements
Residential rental agreements in Montana detail the terms of the rental relationship, including rent payment, lease duration, and the legal responsibilities of both landlords and tenants.
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Montana (MT) Rent Price Calculators
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Average Rent Prices in Other US States 2026
Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:
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1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.