Montana · FIPS 30057 · HUD FY 2027
Madison County, Montana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Madison County is $1,543 a month (rent plus utilities), 1% above the Montana average of $1,529 and 12% below the U.S. average of $1,761. That is up $3 (0.2%) from FY 2026. At 30% of income, a household needs about $61,720 a year to afford it.
- $1,5432-bedroom FMR+$3 (+0.2%) vs FY 2026
- $1,2111-bedroom FMRMontana: $1,223 · U.S.: $1,478
- $61,720Income for a 2-bedroom$30/hour full-time
- 13 of 562BR rank in Montana1 = highest rent
| Unit | Madison County FY 2027 | FY 2026 | Change | Montana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,179 | $1,154 | +$25 (+2.2%) | $1,114 | $1,379 | $47,160 |
| 1 bedroom | $1,211 | $1,202 | +$9 (+0.7%) | $1,223 | $1,478 | $48,440 |
| 2 bedrooms | $1,543 | $1,540 | +$3 (+0.2%) | $1,529 | $1,761 | $61,720 |
| 3 bedrooms | $2,115 | $2,073 | +$42 (+2.0%) | $2,086 | $2,266 | $84,600 |
| 4 bedrooms | $2,579 | $2,583 | −$4 (−0.2%) | $2,430 | $2,607 | $103,160 |
How Madison County compares
- Madison County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Montana, 2-bedroom FMRs run from $1,014 (Phillips County) to $2,109 (Gallatin County).
- Studio to 4-bedroom: $1,179, $1,211, $1,543, $2,115, $2,579. 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 12 ZIP codes mostly in Madison County (by land area), the 2-bedroom figure ranges from $1,390 to $2,230.
Small Area FMRs by ZIP code in Madison County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 59710 | $1,040 | $1,090 | $1,390 | $1,870 | $2,330 | +$40 (+3.0%) | 10% below |
| 59716 | $1,580 | $1,710 | $2,230 | $3,080 | $3,690 | −$80 (−3.5%) | 45% above |
| 59720 | $1,100 | $1,180 | $1,530 | $2,120 | $2,550 | +$90 (+6.2%) | 1% below |
| 59729 | $1,410 | $1,520 | $1,980 | $2,740 | $3,280 | +$100 (+5.3%) | 28% above |
| 59735 | $1,630 | $1,670 | $2,130 | $2,920 | $3,560 | +$660 (+44.9%) | 38% above |
| 59740 | $1,360 | $1,400 | $1,780 | $2,450 | $2,980 | +$430 (+31.9%) | 15% above |
| 59745 | $1,440 | $1,560 | $2,010 | $2,760 | $3,320 | +$220 (+12.3%) | 30% above |
| 59747 | $1,360 | $1,410 | $1,800 | $2,450 | $2,910 | +$450 (+33.3%) | 17% above |
| 59749 | $1,090 | $1,120 | $1,430 | $1,960 | $2,390 | +$80 (+5.9%) | 7% below |
| 59751 | $1,040 | $1,090 | $1,390 | $1,870 | $2,330 | −$120 (−7.9%) | 10% below |
| 59754 | $1,050 | $1,090 | $1,400 | $1,890 | $2,340 | −$150 (−9.7%) | 9% below |
| 59755 | $1,040 | $1,090 | $1,390 | $1,870 | $2,330 | +$40 (+3.0%) | 10% 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.