Yellowstone County, MT

2024 Fair Market Rents

Tags: 2024 Billings, MT HUD Metro FMR Area

Return to the state page to see where Montana ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Yellowstone County are Billings, Shepherd, Huntley, and Worden. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Yellowstone County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Yellowstone County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Yellowstone County compare?

Yellowstone County ($1,148) has a 19.6% higher FMR for 2-Bedroom housing than the average of Montana ($960) and therefore a higher gross rent.

Yellowstone County is rank 3rd out of 56 counties. This means the FMRs, or in other words, the gross rent is higher than 53 other counties. Yellowstone County is the 3rd most expensive county in terms of FMRs.

Rent Tables Yellowstone County, MT

Fair Market Rent (40th Percentile)

$837
studio
$874
1-Bedroom
$1,148
2-Bedroom
$1,583
3-Bedroom
$1,778
4-Bedroom

Median Rent (50th Percentile)

$891
studio
$930
1-Bedroom
$1,222
2-Bedroom
$1,685
3-Bedroom
$1,893
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
59002 $0 $840 $1,100 $1,520 $1,700
59006 $0 $730 $950 $1,310 $1,480
59037 $0 $870 $1,140 $1,540 $1,810
59079 $0 $880 $1,150 $1,590 $1,780
59088 $0 $940 $1,240 $1,710 $1,920
59102 $0 $900 $1,180 $1,630 $1,830
59103 $0 $880 $1,150 $1,590 $1,780
59104 $0 $880 $1,150 $1,590 $1,780
59105 $0 $940 $1,240 $1,710 $1,920
59106 $0 $1,060 $1,390 $1,920 $2,150
59107 $0 $880 $1,150 $1,590 $1,780
59108 $0 $880 $1,150 $1,590 $1,780
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
59002 $720 $756 $990 $1,368 $1,530
59006 $612 $657 $855 $1,179 $1,332
59037 $702 $783 $1,026 $1,386 $1,629
59079 $756 $792 $1,035 $1,431 $1,602
59088 $810 $846 $1,116 $1,539 $1,728
59102 $774 $810 $1,062 $1,467 $1,647
59103 $756 $792 $1,035 $1,431 $1,602
59104 $756 $792 $1,035 $1,431 $1,602
59105 $810 $846 $1,116 $1,539 $1,728
59106 $909 $954 $1,251 $1,728 $1,935
59107 $756 $792 $1,035 $1,431 $1,602
59108 $756 $792 $1,035 $1,431 $1,602
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
59002 $880 $924 $1,210 $1,672 $1,870
59006 $748 $803 $1,045 $1,441 $1,628
59037 $858 $957 $1,254 $1,694 $1,991
59079 $924 $968 $1,265 $1,749 $1,958
59088 $990 $1,034 $1,364 $1,881 $2,112
59102 $946 $990 $1,298 $1,793 $2,013
59103 $924 $968 $1,265 $1,749 $1,958
59104 $924 $968 $1,265 $1,749 $1,958
59105 $990 $1,034 $1,364 $1,881 $2,112
59106 $1,111 $1,166 $1,529 $2,112 $2,365
59107 $924 $968 $1,265 $1,749 $1,958
59108 $924 $968 $1,265 $1,749 $1,958

Fair Market Rents on this page apply to the following cities in Yellowstone County, Montana: Billings, Shepherd, Huntley, Worden, Ballantine, and Acton.

These Fair Market Rents also apply to the following ZIP codes in Yellowstone County, Montana: 59102, 59105, 59106, 59079, 59037, 59088, 59103, 59104, 59108, 59006, 59107, 59002, and 59111.

Yellowstone County, MT is considered part of the following metro FMR area: BILLINGS, MT HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Carbon County, MT.

More on Yellowstone County, MT

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.