Montana · FIPS 30031 · HUD FY 2027
Gallatin County, Montana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Gallatin County is $2,109 a month (rent plus utilities), 38% above the Montana average of $1,529 and 20% above the U.S. average of $1,761. That is down $45 (2.1%) from FY 2026. At 30% of income, a household needs about $84,360 a year to afford it.
- $2,1092-bedroom FMR−$45 (−2.1%) vs FY 2026
- $1,6121-bedroom FMRMontana: $1,223 · U.S.: $1,478
- $84,360Income for a 2-bedroom$41/hour full-time
- 1 of 562BR rank in Montana1 = highest rent
| Unit | Gallatin County FY 2027 | FY 2026 | Change | Montana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,469 | $1,485 | −$16 (−1.1%) | $1,114 | $1,379 | $58,760 |
| 1 bedroom | $1,612 | $1,642 | −$30 (−1.8%) | $1,223 | $1,478 | $64,480 |
| 2 bedrooms | $2,109 | $2,154 | −$45 (−2.1%) | $1,529 | $1,761 | $84,360 |
| 3 bedrooms | $2,920 | $2,996 | −$76 (−2.5%) | $2,086 | $2,266 | $116,800 |
| 4 bedrooms | $3,487 | $3,537 | −$50 (−1.4%) | $2,430 | $2,607 | $139,480 |
How Gallatin County compares
- HUD sets this rent for the Bozeman, MT metro FMR area, which covers 124,074 residents in 1 county.
- Across Montana, 2-bedroom FMRs run from $1,014 (Phillips County) to $2,109 (Gallatin County).
- Studio to 4-bedroom: $1,469, $1,612, $2,109, $2,920, $3,487. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 8 ZIP codes mostly in Gallatin County (by land area), the 2-bedroom figure ranges from $1,940 to $2,380.
Small Area FMRs by ZIP code in Gallatin County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 59714 | $1,430 | $1,570 | $2,050 | $2,840 | $3,390 | +$20 (+1.0%) | 3% below |
| 59715 | $1,340 | $1,480 | $1,940 | $2,700 | $3,190 | +$20 (+1.0%) | 8% below |
| 59718 | $1,660 | $1,820 | $2,380 | $3,300 | $3,940 | −$40 (−1.7%) | 13% above |
| 59730 | $1,570 | $1,720 | $2,250 | $3,120 | $3,720 | −$40 (−1.7%) | 7% above |
| 59741 | $1,490 | $1,640 | $2,140 | $2,960 | $3,540 | −$70 (−3.2%) | 1% above |
| 59752 | $1,340 | $1,510 | $1,940 | $2,700 | $3,190 | +$20 (+1.0%) | 8% below |
| 59758 | $1,340 | $1,480 | $1,940 | $2,700 | $3,190 | +$60 (+3.2%) | 8% below |
| 59760 | $1,340 | $1,480 | $1,940 | $2,700 | $3,190 | +$60 (+3.2%) | 8% below |
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).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
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.