Rentometer, Inc. | Data as of 10/23/2025
Montana’s rental market blends wide‑open landscapes with vibrant urban centers, offering renters a distinctive mix of natural beauty and community amenities. From the bustling streets of Billings and the college town energy of Missoula to the outdoor‑centric lifestyle of Bozeman and the historic charm of Helena, the state provides a variety of neighborhoods that cater to professionals, students, and families alike. Proximity to iconic attractions such as Glacier National Park, the Rocky Mountains, and extensive trail networks makes Montana especially appealing for those who value active, outdoor living while enjoying the convenience of city services.
Rental options span modern apartments and spacious single‑family homes, each reflecting the state’s diverse housing stock. Studio units in both apartments and houses typically sit in the $1200 range, offering an affordable entry point for first‑time renters. One‑bedroom apartments average in the low $1700s, with median rents nearer $1380, while larger three‑ and four‑bedroom units often command rates in the $2100‑$2500 range, reflecting their expanded space and desirable locations. Premium family homes with four or more bedrooms frequently reach the $3000 range, especially in high‑demand districts near universities, downtown cores, and scenic mountain vistas.
Neighborhoods such as Billings’ Downtown Core, Missoula’s University District, and Bozeman’s East Side provide a blend of walkable amenities, dining, and cultural attractions, making them popular choices for renters seeking both convenience and character. With a strong rental inventory that accommodates studios to expansive family homes, Montana continues to attract residents who appreciate a balanced lifestyle of comfortable living spaces and easy access to the state’s renowned outdoor recreation.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,232 | $1,150 | $625 - $2,100 | $1,025 - $1,599 |
| Apartment | 1 Bedroom | $1,461 | $1,325 | $600 - $2,800 | $1,100 - $1,872 |
| Apartment | 2 Bedroom | $1,686 | $1,549 | $795 - $3,300 | $1,300 - $2,040 |
| Apartment | 3 Bedroom | $2,206 | $2,350 | $1,000 - $3,600 | $1,785 - $2,750 |
| Apartment | 4+ Bedroom | $2,781 | $3,350 | $825 - $3,600 | $3,100 - $3,600 |
| House | Studio | $872 | $825 | $600 - $1,240 | $700 - $1,240 |
| House | 1 Bedroom | $1,274 | $1,295 | $600 - $2,200 | $950 - $1,400 |
| House | 2 Bedroom | $1,621 | $1,485 | $700 - $4,500 | $1,195 - $2,000 |
| House | 3 Bedroom | $2,436 | $2,395 | $800 - $5,900 | $1,950 - $2,850 |
| House | 4+ Bedroom | $2,944 | $2,900 | $1,650 - $5,000 | $2,200 - $3,575 |
In the current period, the average rent in Montana was $1,156 for Studio, $1,433 for 1 Bedroom, $1,659 for 2 Bedroom, $2,392 for 3 Bedroom, and $2,847 for 4+ Bedroom.
Data provided by Rentometer, Inc.