Montana Fair Market Rents

2024 Fair Market Rents

2024 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 $960.

The highest average FMR for a two-bedroom apartment in the United States is $2,095 in Hawaii. The lowest for a two-bedroom apartment is $574 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 $1,275 in Gallatin County. The lowest FMR for a two-bedroom apartment is $905 in Beaverhead County, Big Horn County, and 29 others.

Montana ($960) has a 20.5% lower FMR for 2-Bedroom housing than the average of the US ($1,208) and therefore has a lower gross rent.

Montana is rank 43rd out of 56 States and territories. This means the FMRs, or in other words, the gross rent is lower than 42 other States and territories. Montana is the 14th cheapest State or territory in terms of FMRs.

Average FMRs for Montana

43rd
Rank
$693
Studio
$765
1-person
$960
2-person
$1,283
3-person
$1,507
4-person
Counties in Montana (56)
County Rank Studio 1-Bed 2-Bed 3-Bed 4-Bed
Gallatin County 1st $901 $999 $1,275 $1,797 $2,164
Missoula County 2nd $845 $988 $1,203 $1,695 $2,041
Carbon County 3rd $837 $874 $1,148 $1,583 $1,778
Yellowstone County 3rd $837 $874 $1,148 $1,583 $1,778
Broadwater County 5th $829 $938 $1,141 $1,380 $1,796
Flathead County 6th $733 $823 $1,081 $1,486 $1,834
Lewis and Clark County 7th $729 $837 $1,057 $1,370 $1,575
Park County 8th $722 $823 $1,056 $1,476 $1,734
Custer County 9th $708 $795 $1,044 $1,453 $1,458
Madison County 10th $777 $795 $1,023 $1,237 $1,611
Stillwater County 10th $735 $779 $1,023 $1,424 $1,736
McCone County 12th $725 $760 $998 $1,356 $1,571
Petroleum County 12th $725 $760 $998 $1,356 $1,571
Prairie County 12th $725 $760 $998 $1,356 $1,571
Treasure County 12th $725 $760 $998 $1,356 $1,571
Wibaux County 12th $725 $760 $998 $1,356 $1,571
Cascade County 17th $708 $745 $979 $1,380 $1,560
Fallon County 18th $692 $725 $952 $1,151 $1,499
Fergus County 18th $692 $725 $952 $1,201 $1,499
Golden Valley County 20th $688 $721 $947 $1,245 $1,491
Jefferson County 21st $638 $716 $941 $1,326 $1,420
Lake County 22nd $633 $743 $934 $1,175 $1,244
Silver Bow County 23rd $632 $723 $932 $1,240 $1,538
Musselshell County 24th $675 $707 $929 $1,309 $1,485
Ravalli County 25th $674 $718 $928 $1,304 $1,575
Beaverhead County 26th $656 $806 $905 $1,275 $1,536
Big Horn County 26th $658 $708 $905 $1,192 $1,356
Blaine County 26th $658 $693 $905 $1,128 $1,265
Carter County 26th $658 $806 $905 $1,275 $1,425
Chouteau County 26th $658 $689 $905 $1,094 $1,283
Daniels County 26th $658 $689 $905 $1,230 $1,425
Dawson County 26th $658 $723 $905 $1,094 $1,274
Deer Lodge County 26th $658 $806 $905 $1,275 $1,472
Garfield County 26th $658 $689 $905 $1,094 $1,425
Glacier County 26th $714 $804 $905 $1,184 $1,385
Granite County 26th $658 $727 $905 $1,275 $1,425
Hill County 26th $677 $696 $905 $1,201 $1,205
Judith Basin County 26th $658 $689 $905 $1,094 $1,425
Liberty County 26th $658 $806 $905 $1,275 $1,425
Lincoln County 26th $658 $806 $905 $1,275 $1,441
Meagher County 26th $658 $689 $905 $1,230 $1,425
Mineral County 26th $658 $697 $905 $1,094 $1,365
Phillips County 26th $658 $806 $905 $1,275 $1,425
Pondera County 26th $658 $806 $905 $1,198 $1,536
Powder River County 26th $658 $689 $905 $1,275 $1,425
Powell County 26th $658 $689 $905 $1,275 $1,536
Richland County 26th $658 $795 $905 $1,101 $1,536
Roosevelt County 26th $647 $689 $905 $1,094 $1,425
Rosebud County 26th $658 $749 $905 $1,253 $1,536
Sanders County 26th $692 $726 $905 $1,189 $1,536
Sheridan County 26th $658 $806 $905 $1,201 $1,205
Sweet Grass County 26th $658 $721 $905 $1,275 $1,425
Teton County 26th $658 $806 $905 $1,221 $1,367
Toole County 26th $658 $806 $905 $1,275 $1,425
Valley County 26th $658 $689 $905 $1,170 $1,373
Wheatland County 26th $658 $689 $905 $1,177 $1,425

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Data Source

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Fair Market Rents are estimated by the HUD.