State hub · 56 counties · 9 metro areas
Montana Fair Market Rents by county
The population-weighted average FY 2027 Fair Market Rent for a 2-bedroom in Montana is $1,529, the 22nd highest of 51 (50 states and D.C.), and +$6 (+0.4%) from FY 2026. Across 56 counties, 2-bedroom FMRs range from $1,014 (Phillips County) to $2,109 (Gallatin County).
- $1,529Average 2-bedroom FMRU.S.: $1,761
- $1,223Average 1-bedroom FMRU.S.: $1,478
- $61,159Income for a 2-bedroomat 30% of income
- +$6 (+0.4%)2BR change vs FY 2026U.S.: +$24 (+1.4%)
Metro FMR areas in Montana
| Metro area | 1BR | 2BR | 3BR | ZIP codes |
|---|---|---|---|---|
| Billings, MT | $1,132 | $1,432 | $1,983 | 31 |
| Bozeman, MT | $1,612 | $2,109 | $2,920 | 14 |
| Broadwater County, MT | $1,612 | $1,755 | $2,258 | 7 |
| Great Falls, MT | $1,000 | $1,308 | $1,811 | 20 |
| Jefferson County, MT | $1,078 | $1,410 | $1,847 | 10 |
| Lewis and Clark County, MT | $1,320 | $1,653 | $2,289 | 17 |
| Mineral County, MT | $1,173 | $1,390 | $1,679 | 7 |
| Missoula, MT | $1,433 | $1,690 | $2,340 | 19 |
| Stillwater County, MT | $972 | $1,271 | $1,760 | 13 |
Every Montana county
| Name | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 |
|---|---|---|---|---|---|---|
| Beaverhead County | $821 | $987 | $1,074 | $1,487 | $1,795 | +$2 (+0.2%) |
| Big Horn County | $998 | $1,007 | $1,306 | $1,795 | $2,183 | +$4 (+0.3%) |
| Blaine County | $907 | $932 | $1,187 | $1,433 | $1,950 | +$3 (+0.3%) |
| Broadwater County | $1,222 | $1,612 | $1,755 | $2,258 | $2,571 | +$7 (+0.4%) |
| Carbon County | $1,003 | $1,132 | $1,432 | $1,983 | $2,261 | +$15 (+1.1%) |
| Carter County | $953 | $953 | $1,247 | $1,486 | $2,048 | +$3 (+0.2%) |
| Cascade County | $993 | $1,000 | $1,308 | $1,811 | $1,988 | +$24 (+1.9%) |
| Chouteau County | $1,001 | $1,001 | $1,310 | $1,814 | $1,964 | +$3 (+0.2%) |
| Custer County | $1,160 | $1,232 | $1,612 | $2,195 | $2,471 | +$4 (+0.2%) |
| Daniels County | $784 | $903 | $1,026 | $1,421 | $1,685 | +$3 (+0.3%) |
| Dawson County | $961 | $961 | $1,257 | $1,587 | $2,065 | +$3 (+0.2%) |
| Deer Lodge County | $827 | $973 | $1,082 | $1,498 | $1,809 | +$2 (+0.2%) |
| Fallon County | $1,073 | $1,102 | $1,404 | $1,944 | $2,306 | +$3 (+0.2%) |
| Fergus County | $1,108 | $1,108 | $1,450 | $1,995 | $2,382 | +$4 (+0.3%) |
| Flathead County | $1,277 | $1,286 | $1,682 | $2,263 | $2,626 | −$9 (−0.5%) |
| Gallatin County | $1,469 | $1,612 | $2,109 | $2,920 | $3,487 | −$45 (−2.1%) |
| Garfield County | $842 | $864 | $1,101 | $1,442 | $1,809 | +$2 (+0.2%) |
| Glacier County | $977 | $1,174 | $1,278 | $1,523 | $1,827 | +$3 (+0.2%) |
| Golden Valley County | $1,026 | $1,053 | $1,342 | $1,858 | $2,204 | +$3 (+0.2%) |
| Granite County | $806 | $828 | $1,055 | $1,461 | $1,733 | +$2 (+0.2%) |
| Hill County | $1,001 | $1,077 | $1,310 | $1,814 | $1,925 | +$3 (+0.2%) |
| Jefferson County | $982 | $1,078 | $1,410 | $1,847 | $1,854 | +$6 (+0.4%) |
| Judith Basin County | $888 | $912 | $1,162 | $1,609 | $1,909 | +$2 (+0.2%) |
| Lake County | $1,116 | $1,123 | $1,448 | $1,821 | $2,046 | +$4 (+0.3%) |
| Lewis and Clark County | $1,151 | $1,320 | $1,653 | $2,289 | $2,392 | +$6 (+0.4%) |
| Liberty County | $792 | $813 | $1,036 | $1,435 | $1,702 | +$2 (+0.2%) |
| Lincoln County | $1,034 | $1,078 | $1,173 | $1,624 | $1,927 | +$3 (+0.3%) |
| Madison County | $1,179 | $1,211 | $1,543 | $2,115 | $2,579 | +$3 (+0.2%) |
| McCone County | $1,186 | $1,218 | $1,552 | $2,149 | $2,549 | +$4 (+0.3%) |
| Meagher County | $1,067 | $1,096 | $1,396 | $1,933 | $2,293 | +$3 (+0.2%) |
| Mineral County | $968 | $1,173 | $1,390 | $1,679 | $1,854 | +$29 (+2.1%) |
| Missoula County | $1,177 | $1,433 | $1,690 | $2,340 | $2,825 | +$35 (+2.1%) |
| Musselshell County | $1,030 | $1,238 | $1,348 | $1,867 | $2,214 | +$4 (+0.3%) |
| Park County | $1,120 | $1,373 | $1,608 | $2,209 | $2,688 | +$3 (+0.2%) |
| Petroleum County | $1,186 | $1,218 | $1,552 | $2,149 | $2,549 | +$4 (+0.3%) |
| Phillips County | $775 | $931 | $1,014 | $1,404 | $1,666 | +$41 (+4.2%) |
| Pondera County | $961 | $1,030 | $1,257 | $1,705 | $2,023 | +$3 (+0.2%) |
| Powder River County | $786 | $807 | $1,028 | $1,423 | $1,689 | +$3 (+0.3%) |
| Powell County | $868 | $1,044 | $1,136 | $1,573 | $1,866 | +$3 (+0.3%) |
| Prairie County | $1,186 | $1,218 | $1,552 | $2,149 | $2,549 | +$4 (+0.3%) |
| Ravalli County | $1,091 | $1,166 | $1,426 | $1,971 | $2,383 | +$3 (+0.2%) |
| Richland County | $1,160 | $1,176 | $1,315 | $1,567 | $2,198 | +$3 (+0.2%) |
| Roosevelt County | $917 | $923 | $1,203 | $1,433 | $1,976 | +$2 (+0.2%) |
| Rosebud County | $909 | $971 | $1,189 | $1,646 | $1,987 | +$3 (+0.3%) |
| Sanders County | $778 | $854 | $1,117 | $1,331 | $1,835 | +$2 (+0.2%) |
| Sheridan County | $928 | $928 | $1,214 | $1,681 | $1,994 | +$3 (+0.2%) |
| Silver Bow County | $1,076 | $1,176 | $1,417 | $1,962 | $2,325 | +$3 (+0.2%) |
| Stillwater County | $885 | $972 | $1,271 | $1,760 | $2,124 | +$14 (+1.1%) |
| Sweet Grass County | $901 | $925 | $1,179 | $1,544 | $1,550 | +$3 (+0.3%) |
| Teton County | $1,042 | $1,205 | $1,363 | $1,887 | $2,278 | +$3 (+0.2%) |
| Toole County | $892 | $947 | $1,233 | $1,629 | $1,769 | +$3 (+0.2%) |
| Treasure County | $1,186 | $1,218 | $1,552 | $2,149 | $2,549 | +$4 (+0.3%) |
| Valley County | $919 | $1,023 | $1,202 | $1,664 | $1,844 | +$2 (+0.2%) |
| Wheatland County | $855 | $878 | $1,119 | $1,549 | $1,838 | +$2 (+0.2%) |
| Wibaux County | $1,186 | $1,218 | $1,552 | $2,149 | $2,549 | +$4 (+0.3%) |
| Yellowstone County | $1,003 | $1,132 | $1,432 | $1,983 | $2,261 | +$15 (+1.1%) |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.