One 11 Lofts
111 W Lamme St,
Bozeman, MT 59715
Studio - 3 Beds | $1,795 - $4,100
Rental Market Trends in Bozeman, MT
What is the average rent in Bozeman, MT?
$1,930/month
Average Rent
715 Sq Ft
Average Apartment Size
-6.8%
Decrease in the Last Year
As of June 2025, the average rent in Bozeman, MT is $1,930 per month. This is 19% higher than the national average rent price of $1,627/month, making Bozeman one of the most expensive cities in the US. When you rent an apartment in Bozeman, you can expect to pay about $2,188 per month for a studio, $1,930 for a one-bedroom apartment, and around $2,190 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,676 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Bozeman, MT?
In the past year, rent has decreased by 6.8%, which averages out to $131 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Bozeman, MT
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
4%
$700 - $1,000/month
11%
$1,001 - $1,500/month
31%
$1,501 - $2,000/month
53%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Bozeman?
Based on current rent prices, Baxter Springs Condominiums, Park and Loyal Garden are the most affordable neighborhoods in Bozeman.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Bozeman?
Based on current rent prices, Cottonwood Condominiums, Valley West and Loyal Garden are the most expensive neighborhoods in Bozeman.
Neighborhood
Average Rent
Average Sq Ft
Which Bozeman neighborhoods have the most rentals available?
The neighborhoods in Bozeman with the most apartments available are Park, Loyal Garden and Valley West .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Bozeman, MT?
Because the average rent in Bozeman is $1,930, you’ll want to make about $6,433 per month or $77,196 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Bozeman, MT is 30.5% higher than the national average. Generally, housing in Bozeman is 48.2% more expensive than the national average, with rent falling between $1,930 - $2,676. You can expect to pay 7.1% more for groceries, 11.0% less for utilities, and 8.9% more for transportation.
How does Bozeman, MT compare to other nearby cities and neighborhoods?
Use the tool below to compare Bozeman, MT to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.