Landlord Atlas

Average Rent in Montana (2027) — HUD Fair Market Rents

HUD data · effective Oct 1, 2026 Montana landlord-tenant laws →

The average two-bedroom rent in Montana is $1,529 per month by HUD's FY 2027 Fair Market Rent data (population-weighted); two-bedroom FMRs range from $1,014 to $2,109 across 55 rent areas.

Fair Market Rent is HUD's annual estimate of what a modest rental costs in each local market — the 40th percentile of gross rents (rent plus tenant-paid utilities) for recent movers, published for studio through four-bedroom units and used to set Section 8 / Housing Choice Voucher payment standards. FMRs are a federal benchmark, not an asking-rent average: use them to sanity-check your pricing (statewide, Montana's typical two-bedroom FMR moved +0.3% versus FY 2026).

All 55 Montana FMR areas

Sorted by two-bedroom rent, highest first. 9 metro areas; the rest are non-metro county areas. "vs FY 2026" is the two-bedroom change from last year's FMR for the same area.

Area Studio1 BR2 BR3 BR4 BR 2 BR vs FY 2026
Bozeman, MT MSA Metro $1,469$1,612$2,109$2,920$3,487 -2.1%
Broadwater County, MT HUD Metro FMR Area Metro $1,222$1,612$1,755$2,258$2,571 +0.4%
Missoula, MT HUD Metro FMR Area Metro $1,177$1,433$1,690$2,340$2,825 +2.1%
Flathead County, MT Non-metro $1,277$1,286$1,682$2,263$2,626 -0.5%
Lewis and Clark County, MT HUD Metro FMR Area Metro $1,151$1,320$1,653$2,289$2,392 +0.4%
Custer County, MT Non-metro $1,160$1,232$1,612$2,195$2,471 +0.2%
Park County, MT Non-metro $1,120$1,373$1,608$2,209$2,688 +0.2%
McCone County, MT Non-metro $1,186$1,218$1,552$2,149$2,549 +0.3%
Petroleum County, MT Non-metro $1,186$1,218$1,552$2,149$2,549 +0.3%
Prairie County, MT Non-metro $1,186$1,218$1,552$2,149$2,549 +0.3%
Treasure County, MT Non-metro $1,186$1,218$1,552$2,149$2,549 +0.3%
Wibaux County, MT Non-metro $1,186$1,218$1,552$2,149$2,549 +0.3%
Madison County, MT Non-metro $1,179$1,211$1,543$2,115$2,579 +0.2%
Fergus County, MT Non-metro $1,108$1,108$1,450$1,995$2,382 +0.3%
Lake County, MT Non-metro $1,116$1,123$1,448$1,821$2,046 +0.3%
Billings, MT HUD Metro FMR Area Metro
2 counties Carbon County · Yellowstone County
$1,003$1,132$1,432$1,983$2,261 +1.1%
Ravalli County, MT Non-metro $1,091$1,166$1,426$1,971$2,383 +0.2%
Silver Bow County, MT Non-metro $1,076$1,176$1,417$1,962$2,325 +0.2%
Jefferson County, MT HUD Metro FMR Area Metro $982$1,078$1,410$1,847$1,854 +0.4%
Fallon County, MT Non-metro $1,073$1,102$1,404$1,944$2,306 +0.2%
Meagher County, MT Non-metro $1,067$1,096$1,396$1,933$2,293 +0.2%
Mineral County, MT HUD Metro FMR Area Metro $968$1,173$1,390$1,679$1,854 +2.1%
Teton County, MT Non-metro $1,042$1,205$1,363$1,887$2,278 +0.2%
Musselshell County, MT Non-metro $1,030$1,238$1,348$1,867$2,214 +0.3%
Golden Valley County, MT Non-metro $1,026$1,053$1,342$1,858$2,204 +0.2%
Richland County, MT Non-metro $1,160$1,176$1,315$1,567$2,198 +0.2%
Chouteau County, MT Non-metro $1,001$1,001$1,310$1,814$1,964 +0.2%
Hill County, MT Non-metro $1,001$1,077$1,310$1,814$1,925 +0.2%
Great Falls, MT MSA Metro $993$1,000$1,308$1,811$1,988 +1.9%
Big Horn County, MT Non-metro $998$1,007$1,306$1,795$2,183 +0.3%
Glacier County, MT Non-metro $977$1,174$1,278$1,523$1,827 +0.2%
Stillwater County, MT HUD Metro FMR Area Metro $885$972$1,271$1,760$2,124 +1.1%
Dawson County, MT Non-metro $961$961$1,257$1,587$2,065 +0.2%
Pondera County, MT Non-metro $961$1,030$1,257$1,705$2,023 +0.2%
Carter County, MT Non-metro $953$953$1,247$1,486$2,048 +0.2%
Toole County, MT Non-metro $892$947$1,233$1,629$1,769 +0.2%
Sheridan County, MT Non-metro $928$928$1,214$1,681$1,994 +0.2%
Roosevelt County, MT Non-metro $917$923$1,203$1,433$1,976 +0.2%
Valley County, MT Non-metro $919$1,023$1,202$1,664$1,844 +0.2%
Rosebud County, MT Non-metro $909$971$1,189$1,646$1,987 +0.3%
Blaine County, MT Non-metro $907$932$1,187$1,433$1,950 +0.3%
Sweet Grass County, MT Non-metro $901$925$1,179$1,544$1,550 +0.3%
Lincoln County, MT Non-metro $1,034$1,078$1,173$1,624$1,927 +0.3%
Judith Basin County, MT Non-metro $888$912$1,162$1,609$1,909 +0.2%
Powell County, MT Non-metro $868$1,044$1,136$1,573$1,866 +0.3%
Wheatland County, MT Non-metro $855$878$1,119$1,549$1,838 +0.2%
Sanders County, MT Non-metro $778$854$1,117$1,331$1,835 +0.2%
Garfield County, MT Non-metro $842$864$1,101$1,442$1,809 +0.2%
Deer Lodge County, MT Non-metro $827$973$1,082$1,498$1,809 +0.2%
Beaverhead County, MT Non-metro $821$987$1,074$1,487$1,795 +0.2%
Granite County, MT Non-metro $806$828$1,055$1,461$1,733 +0.2%
Liberty County, MT Non-metro $792$813$1,036$1,435$1,702 +0.2%
Powder River County, MT Non-metro $786$807$1,028$1,423$1,689 +0.3%
Daniels County, MT Non-metro $784$903$1,026$1,421$1,685 +0.3%
Phillips County, MT Non-metro $775$931$1,014$1,404$1,666 +4.2%

Download this table as CSV — every area, studio through 4-bedroom, with county lists and year-over-year change.

About this data

Source: HUD FY 2027 Fair Market Rents, county-level file, published at huduser.gov — a U.S. government work in the public domain, republished here unmodified. The typical-rent figure is the population-weighted average across the areas above (county populations from HUD's file); year-over-year comparisons match each area with last year's file by HUD area code. Effective October 1, 2026 through September 30, 2027; last regenerated from HUD's file on 2026-09-01. FMRs cap what a housing authority can pay under the voucher program; your local Public Housing Authority's payment standard may be set between 90% and 110% of FMR. Full method notes: how the rent figures are computed.

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