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Montana Fair Market Rents

2023 Fair Market Rents

2023 FMRs in Montana by county. Click on the map below to view FMRs for a particular county.

Montana Map

Minimum FMR
Maximum FMR

FMRs vary across Montana based on County and ZIP code as well as number of bedrooms. The average FMR for a two-bedroom apartment in Montana is $892.

The highest average FMR for a two-bedroom apartment in the United States is $1,951 in Hawaii. The lowest for a two-bedroom apartment is $519 in Puerto Rico.

FMRs in Montana are based on the price of monthly rent plus the cost of essential utilities. FMRs vary by county or ZIP Code. Generally areas with a lower population density have a lower gross rent (lower FMRs) but there are exceptions.

View the Fair Market Rents Overview for detailed information on how FMRs are calculated. Click on a specific county on the map or from the table below for detailed FMR information including Small Area FMRs.

How does Montana compare?

The highest FMR for a two-bedroom apartment in Montana is $1,164 in Gallatin County. The lowest FMR for a two-bedroom apartment is $826 in Mineral County.

Montana ($892) has a 18.6% lower FMR for 2-Bedroom housing than the average of the US ($1,096) and therefore has a lower gross rent.

Montana is rank 37th out of 56 States and territories. This means the FMRs, or in other words, the gross rent is lower than 36 other States and territories. Montana is the 20th cheapest State or territory in terms of FMRs.

Average FMRs for Montana

37th
Rank
$643
Studio
$709
1-person
$892
2-person
$1,196
3-person
$1,402
4-person
Counties in Montana (56)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Gallatin County 1st $819 $894 $1,164 $1,654 $1,983
Missoula County 2nd $789 $906 $1,120 $1,566 $1,908
Yellowstone County 3rd $745 $801 $1,054 $1,447 $1,644
Carbon County 3rd $745 $801 $1,054 $1,447 $1,644
Flathead County 5th $675 $767 $1,010 $1,435 $1,720
Madison County 6th $863 $883 $997 $1,213 $1,561
Park County 7th $745 $786 $1,035 $1,420 $1,510
Stillwater County 8th $687 $747 $983 $1,380 $1,674
Lewis and Clark County 9th $683 $791 $1,003 $1,292 $1,498
Broadwater County 10th $715 $775 $992 $1,207 $1,553
Custer County 11th $702 $739 $973 $1,371 $1,376
Cascade County 12th $666 $701 $914 $1,292 $1,446
Petroleum County 13th $670 $706 $929 $1,258 $1,455
Treasure County 13th $670 $706 $929 $1,258 $1,455
Prairie County 13th $670 $706 $929 $1,258 $1,455
Wibaux County 13th $670 $706 $929 $1,258 $1,455
Jefferson County 17th $613 $697 $917 $1,303 $1,465
Richland County 18th $663 $699 $920 $1,131 $1,567
Musselshell County 19th $661 $697 $917 $1,257 $1,426
Fergus County 20th $661 $697 $917 $1,116 $1,562
Golden Valley County 21st $653 $688 $905 $1,273 $1,417
Ravalli County 22nd $633 $671 $878 $1,226 $1,496
Fallon County 23rd $663 $698 $919 $1,118 $1,439
Silver Bow County 24th $606 $699 $902 $1,098 $1,457
Pondera County 25th $596 $731 $826 $1,144 $1,407
Dawson County 26th $654 $803 $907 $1,104 $1,218
Beaverhead County 27th $587 $731 $826 $1,110 $1,407
Lincoln County 28th $596 $731 $826 $1,174 $1,325
Teton County 29th $596 $694 $826 $1,140 $1,390
Deer Lodge County 30th $596 $731 $826 $1,174 $1,315
Phillips County 31st $596 $731 $826 $1,174 $1,293
Liberty County 31st $596 $731 $826 $1,174 $1,293
Carter County 31st $596 $731 $826 $1,174 $1,293
Rosebud County 34th $596 $668 $826 $1,102 $1,407
Glacier County 35th $664 $731 $826 $1,084 $1,280
Sanders County 36th $624 $628 $826 $1,156 $1,347
Toole County 37th $596 $674 $826 $1,174 $1,293
Sheridan County 37th $622 $764 $863 $1,155 $1,159
Powell County 39th $596 $628 $826 $1,105 $1,407
Granite County 40th $596 $664 $826 $1,174 $1,293
Sweet Grass County 41st $596 $648 $826 $1,174 $1,293
Powder River County 42nd $596 $628 $826 $1,174 $1,293
Roosevelt County 43rd $606 $633 $833 $1,014 $1,419
Lake County 44th $594 $719 $888 $1,110 $1,193
Chouteau County 45th $637 $671 $883 $1,075 $1,230
Garfield County 46th $596 $650 $826 $1,119 $1,293
McCone County 47th $596 $628 $826 $1,119 $1,293
Daniels County 47th $596 $628 $826 $1,119 $1,293
Big Horn County 49th $596 $656 $827 $1,081 $1,253
Blaine County 50th $596 $682 $826 $1,083 $1,195
Valley County 51st $596 $628 $826 $1,120 $1,203
Wheatland County 52nd $596 $628 $826 $1,027 $1,293
Hill County 53rd $618 $652 $829 $1,130 $1,134
Meagher County 54th $596 $628 $826 $1,018 $1,293
Judith Basin County 55th $596 $628 $826 $1,005 $1,293
Mineral County 56th $596 $644 $826 $1,006 $1,227

More on Montana

Want to learn more about Montana? See Loan Limits in Montana to view maximum loan amounts or click here to find a Public Housing Authority in Montana who can help with finding affordable housing near you.

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Data Source

HUD Seal

Fair Market Rents are estimated by the HUD.


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