Average Rent In Montana For December 2020

By Chris Kolmar | HomeSnacks | Updated: 2020-12-07
Average Rent
Average $/sqft

What is the average rent in Montana?

According to the most recent data from Zillow, the average rent in Montana for December 2020 is $1,295. With an averge apartment size of 1,211 sqft, the average price per square foot in Montana is $1.069.

Compared to the national average of $1,650, Montana rent costs -21.5% 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:

Best Places To Live In Montana

How Does Montana Rent Compare To The Rest Of The Country?

StatisticMTUSA% Difference
Average Rent $1,295$1,650 -21.5%
Average $/sqft $1.069$1.135 -5.8%
M-o-M Change $-5$0 -inf%
Y-o-Y Change $45$5 800.0%
M-o-M % Change -0.4%0.0% -
Y-o-Y % Change 3.6%0.3% -

Median Rent By Bedrooms In Montana


As you would expect, the median price for rent in Montana increases as the number of bedrooms in the unit increases. Studios rent the cheapest in Montana clocking in at $750, while a four bedroom rental will set you back $1,500 per month.

We think the best deal comes in the form of a two bedroom for $930 per month, however, if you don't mind having roommates, the best option on a per room basis is a 4-bedroom rental for $375/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 $-5 change in rent over the past month going from $1,300 to $1,295. That change comes out to -0.4%.

For reference, the US national average rent changed $0 in the past month or 0.0%.

Here's a look at the month over month change for each month since 2010 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 $45 from $1,250 to $1,295. A change of $45 means that rents changed 3.6% in a year.

That compares to the US national change of $5 in the past year or 0.3%.

Here's a look at the year over year change by month since 2011 for Montana:

The 10 Places With The Highest Rent In Montana

Manhattan, MT

Population: 1,342
Median Rent: $1,029
More on Manhattan: Real Estate | Data | Photos

Bozeman, MT

Population: 43,132
Median Rent: $1,022
More on Bozeman: Real Estate | Data | Photos

Whitefish, MT

Population: 7,070
Median Rent: $960
More on Whitefish: Real Estate | Data | Photos

Three Forks, MT

Population: 2,046
Median Rent: $936
More on Three Forks: Real Estate | Data | Photos

Red Lodge, MT
Source: Public domain

Population: 2,349
Median Rent: $906
More on Red Lodge: Real Estate | Data | Photos

Sidney, MT

Population: 6,491
Median Rent: $903
More on Sidney: Real Estate | Data | Photos

Belgrade, MT
Source: Public domain

Population: 8,026
Median Rent: $900
More on Belgrade: Real Estate | Data | Photos

Billings, MT

Population: 109,082
Median Rent: $883
More on Billings: Real Estate | Data | Photos

Colstrip, MT
Source: Public domain

Population: 2,253
Median Rent: $875
More on Colstrip: Real Estate | Data | Photos

East Helena, MT

Population: 2,265
Median Rent: $852
More on East Helena: Real Estate | Data | Photos

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.

Average Rent By State

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