Average Rent in Montana (2026) — HUD Fair Market Rents
The average two-bedroom rent in Montana is $1,522 per month by HUD's FY 2026 Fair Market Rent data (population-weighted); two-bedroom FMRs range from $973 to $2,154 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 +3.2% versus FY 2025).
All 55 Montana FMR areas
Sorted by two-bedroom rent, highest first. 9 metro areas; the rest are non-metro county areas. "vs FY 2025" is the two-bedroom change from last year's FMR for the same area.
| Area | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2 BR vs FY 2025 |
|---|---|---|---|---|---|---|
| Bozeman, MT MSA Metro | $1,485 | $1,642 | $2,154 | $2,996 | $3,537 | — |
| Broadwater County, MT HUD Metro FMR Area Metro | $1,240 | $1,595 | $1,748 | $2,096 | $2,856 | — |
| Flathead County, MT Non-metro | $1,267 | $1,289 | $1,691 | $2,224 | $2,837 | +3.2% |
| Missoula, MT HUD Metro FMR Area Metro | $1,143 | $1,400 | $1,655 | $2,302 | $2,776 | +3.2% |
| Lewis and Clark County, MT HUD Metro FMR Area Metro | $1,136 | $1,319 | $1,647 | $2,250 | $2,496 | — |
| Custer County, MT Non-metro | $1,109 | $1,226 | $1,608 | $2,154 | $2,322 | +3.2% |
| Park County, MT Non-metro | $1,107 | $1,385 | $1,605 | $2,232 | $2,692 | +3.2% |
| McCone County, MT Non-metro | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% |
| Petroleum County, MT Non-metro | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% |
| Prairie County, MT Non-metro | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% |
| Treasure County, MT Non-metro | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% |
| Wibaux County, MT Non-metro | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% |
| Madison County, MT Non-metro | $1,154 | $1,202 | $1,540 | $2,073 | $2,583 | +3.2% |
| Fergus County, MT Non-metro | $1,084 | $1,102 | $1,446 | $1,991 | $2,338 | +3.1% |
| Lake County, MT Non-metro | $1,097 | $1,104 | $1,444 | $1,865 | $1,990 | +3.1% |
| Ravalli County, MT Non-metro | $1,116 | $1,145 | $1,423 | $1,979 | $2,387 | +3.2% |
Billings, MT HUD Metro FMR Area Metro 2 countiesCarbon County · Yellowstone County | $1,016 | $1,109 | $1,417 | $1,951 | $2,216 | +3.2% |
| Silver Bow County, MT Non-metro | $1,028 | $1,149 | $1,414 | $1,967 | $2,180 | +3.2% |
| Jefferson County, MT HUD Metro FMR Area Metro | $968 | $1,070 | $1,404 | $1,946 | $1,954 | — |
| Fallon County, MT Non-metro | $1,050 | $1,093 | $1,401 | $1,936 | $2,265 | +3.2% |
| Meagher County, MT Non-metro | $1,044 | $1,087 | $1,393 | $1,925 | $2,252 | +3.2% |
| Mineral County, MT HUD Metro FMR Area Metro | $941 | $1,083 | $1,361 | $1,632 | $1,915 | — |
| Teton County, MT Non-metro | $1,019 | $1,241 | $1,360 | $1,891 | $2,171 | +3.2% |
| Musselshell County, MT Non-metro | $1,007 | $1,226 | $1,344 | $1,869 | $2,255 | +3.1% |
| Golden Valley County, MT Non-metro | $1,004 | $1,045 | $1,339 | $1,862 | $2,165 | +3.2% |
| Richland County, MT Non-metro | $1,143 | $1,197 | $1,312 | $1,573 | $2,201 | +3.2% |
| Chouteau County, MT Non-metro | $980 | $996 | $1,307 | $1,662 | $1,950 | +3.2% |
| Hill County, MT Non-metro | $980 | $1,069 | $1,307 | $1,724 | $1,731 | +3.2% |
| Big Horn County, MT Non-metro | $976 | $992 | $1,302 | $1,657 | $2,115 | +3.2% |
| Great Falls, MT MSA Metro | $960 | $979 | $1,284 | $1,786 | $2,035 | +3.2% |
| Glacier County, MT Non-metro | $956 | $1,033 | $1,275 | $1,529 | $1,836 | +3.2% |
| Stillwater County, MT HUD Metro FMR Area Metro | $884 | $958 | $1,257 | $1,748 | $2,109 | +3.2% |
| Dawson County, MT Non-metro | $940 | $956 | $1,254 | $1,504 | $1,942 | +3.2% |
| Pondera County, MT Non-metro | $940 | $1,144 | $1,254 | $1,619 | $1,892 | +3.2% |
| Carter County, MT Non-metro | $932 | $1,002 | $1,244 | $1,492 | $2,011 | +3.2% |
| Toole County, MT Non-metro | $918 | $1,052 | $1,230 | $1,702 | $1,712 | +3.2% |
| Sheridan County, MT Non-metro | $908 | $923 | $1,211 | $1,684 | $1,809 | +3.2% |
| Roosevelt County, MT Non-metro | $909 | $915 | $1,201 | $1,440 | $1,942 | +3.2% |
| Valley County, MT Non-metro | $899 | $915 | $1,200 | $1,566 | $1,753 | +3.2% |
| Rosebud County, MT Non-metro | $889 | $993 | $1,186 | $1,649 | $1,990 | +3.2% |
| Blaine County, MT Non-metro | $887 | $902 | $1,184 | $1,420 | $1,914 | +3.2% |
| Sweet Grass County, MT Non-metro | $881 | $918 | $1,176 | $1,551 | $1,638 | +3.2% |
| Lincoln County, MT Non-metro | $919 | $1,067 | $1,170 | $1,627 | $1,892 | +3.2% |
| Judith Basin County, MT Non-metro | $869 | $905 | $1,160 | $1,583 | $1,875 | +3.2% |
| Powell County, MT Non-metro | $849 | $884 | $1,133 | $1,576 | $1,832 | +3.2% |
| Wheatland County, MT Non-metro | $837 | $872 | $1,117 | $1,553 | $1,806 | +3.2% |
| Sanders County, MT Non-metro | $769 | $878 | $1,115 | $1,337 | $1,803 | +3.2% |
| Garfield County, MT Non-metro | $824 | $858 | $1,099 | $1,349 | $1,777 | +3.2% |
| Deer Lodge County, MT Non-metro | $809 | $985 | $1,080 | $1,502 | $1,812 | +3.2% |
| Beaverhead County, MT Non-metro | $803 | $978 | $1,072 | $1,491 | $1,798 | +3.3% |
| Granite County, MT Non-metro | $789 | $822 | $1,053 | $1,464 | $1,702 | +3.2% |
| Liberty County, MT Non-metro | $775 | $807 | $1,034 | $1,438 | $1,672 | +3.2% |
| Powder River County, MT Non-metro | $768 | $800 | $1,025 | $1,426 | $1,657 | +3.1% |
| Daniels County, MT Non-metro | $767 | $900 | $1,023 | $1,414 | $1,654 | +3.1% |
| Phillips County, MT Non-metro | $729 | $888 | $973 | $1,353 | $1,573 | +3.3% |
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 2026 Fair Market Rents, county-level file (revised), 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, 2025 through September 30, 2026; last regenerated from HUD's file on 2026-07-20. 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.
Related on Landlord Atlas
- Montana landlord-tenant laws — security deposits, rent increase notice, late fees, and entry rules, cited to statute.
- Rental profitability calculator — test a Montana property's cash flow against its county's FMR.
- Rent increase notice creator — moving rent toward market? Generate a state-aware notice.