Average Rent In Montana For January 2024
Average Rent
What is the average rent in Montana?
The average rent in Montana for January 2024 is $1,064, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in Montana is $1,071. The average rent of a 1-bedroom apartment in Montana is $836.
Compared to the national average of $1,379, Montana rent costs -22.8% less. Read our analysis of rents by state to see how Montana ranks.
Here's a look at how average rents have changed over time:
How Does Montana Rent Compare To The Rest Of The Country?
| Statistic | MT | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,064 | $1,379 | -22.8% |
| M-o-M Change | -$8 | -$11 | -27.3% |
| Y-o-Y Change | $21 | -$14 | -250.0% |
| M-o-M % Change | -0.7% | -0.8% | - |
| Y-o-Y % Change | 2.0% | -1.0% | - |
Median Rent By Bedrooms In Montana
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in Montana increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Montana clocking in at $836, while a 2-bedroom rental will set you back $1,071 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $535/room/month.
Read on to find out more or for more on Montana check out:
Month Over Month Montana Rent Statistics
M-o-M Increase
M-o-M Increase
Montana has experienced a -$8 change in rent over the past month going from $1,072 to $1,064. That change comes out to -0.7%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for Montana:
Year Over Year Montana Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in Montana changed $21 from $1,043 to $1,064. A change of $21 means that rents changed 2.0% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for Montana:
The 10 Places With The Highest Rent In Montana
Population: 1,342
Median Rent: $1,029
More on Manhattan: Real Estate
Population: 43,132
Median Rent: $1,022
More on Bozeman: Data | Crime | Cost Of Living | Real Estate
Population: 7,070
Median Rent: $960
More on Whitefish: Data | Crime | Cost Of Living | Real Estate
Population: 2,046
Median Rent: $936
More on Three Forks: Real Estate
Population: 2,349
Median Rent: $906
More on Red Lodge: Crime | Real Estate
Population: 6,491
Median Rent: $903
More on Sidney: Data | Crime | Cost Of Living | Real Estate
Population: 8,026
Median Rent: $900
More on Belgrade: Data | Crime | Cost Of Living | Real Estate
Population: 109,082
Median Rent: $883
More on Billings: Data | Crime | Cost Of Living | Real Estate
Population: 2,253
Median Rent: $875
More on Colstrip: Crime | Real Estate
Population: 2,265
Median Rent: $852
More on East Helena: Crime | Real Estate
Learn More About Living In Montana
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.
