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Rental Market Trends in Bozeman, MT

What is the average rent in Bozeman, MT?

$1,863/month

Average Rent

719 Sq Ft

Average Apartment Size

-5.3%

Decrease in the Last Year

As of April 2026, the average rent in Bozeman, MT is $1,863 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Bozeman rent prices are 14% higher than the national average. When you rent an apartment in Bozeman, you can expect to pay about $2,201 per month for a studio, $1,863 for a one-bedroom apartment, and around $2,138 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,818 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$2,201/month
766 Sq Ft
One Bedroom
$1,863/month
719 Sq Ft
Two Bedroom
$2,138/month
1,038 Sq Ft
Three Bedroom
$2,818/month
1,354 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,982/month
424 Sq Ft
Three Bedroom
$2,884/month
1,317 Sq Ft
Four Bedroom
$4,240/month
2,161 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,113/month
998 Sq Ft
Three Bedroom
$2,732/month
874 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,488/month
1,184 Sq Ft

How much has average rent changed in Bozeman, MT?

In the past year, rent has decreased by 5.3%, which averages out to $98 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Bozeman, MT
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Bozeman, MT
Percentage*
Rent Range
2% Below $700/month
3% $700 - $1,000/month
9% $1,001 - $1,500/month
45% $1,501 - $2,000/month
41% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Bozeman?

Based on current rent prices, Loyal Garden, Valley West and Cottonwood Condominiums are the most affordable neighborhoods in Bozeman.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Loyal Garden
$2,177/month
753 Sq Ft
Valley West
$2,250/month
807 Sq Ft
Cottonwood Condominiums
$2,289/month
832 Sq Ft
Baxter Springs Condominiums
$2,352/month
678 Sq Ft
Park
$2,406/month
824 Sq Ft

What are the most expensive neighborhoods in Bozeman?

Based on current rent prices, Park, Baxter Springs Condominiums and Cottonwood Condominiums are the most expensive neighborhoods in Bozeman.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Park
$2,406/month
824 Sq Ft
Baxter Springs Condominiums
$2,352/month
678 Sq Ft
Cottonwood Condominiums
$2,289/month
832 Sq Ft
Valley West
$2,250/month
807 Sq Ft
Loyal Garden
$2,177/month
753 Sq Ft

Which Bozeman neighborhoods have the most rentals available?

The neighborhoods in Bozeman with the most apartments available are Baxter Springs Condominiums, Park and Valley West .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Baxter Springs Condominiums
$2,352/month
678 Sq Ft
Park
$2,406/month
824 Sq Ft
Valley West
$2,250/month
807 Sq Ft
Cottonwood Condominiums
$2,289/month
832 Sq Ft
Loyal Garden
$2,177/month
753 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Bozeman, MT?

Because the average rent in Bozeman is $1,863, you’ll want to make about $6,210 per month or $74,520 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 29.3% higher than the national average. Generally, housing in Bozeman is 54.6% more expensive than the national average, with rent falling between $1,863 - $2,818. You can expect to pay 2.5% more for groceries, 16.2% less for utilities, and 13.0% more for transportation.

City

Bozeman, MT

1,107 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Bozeman, MT

Apartment Averages

Loyal Garden

Bozeman, MT

Park

Bozeman, MT

Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Search
Search

Apartment communities in Bozeman we think you'll love

Uplands

Uplands

1810 N 25th Ave,
Bozeman, MT 59718

$1,699 - $8,250

1-3 Beds

Spanish Peak Apartments

Spanish Peak Apartments

2210-2220 Remington Way,
Bozeman, MT 59718

$1,650 - $2,025

1-2 Beds

The Oxbow

The Oxbow

4650 W Garfield St,
Bozeman, MT 59718

$1,732 - $4,501

1-3 Beds

The Ives

The Ives

311 N Willson Ave,
Bozeman, MT 59715

$1,850 - $2,800

Studio - 2 Beds

Property Management Companies in Bozeman, MT

Roundhouse
Roundhouse
  • 37

    Communities

  • 7,297

    Units

  • 16

    Cities

7 Communities in Bozeman
Cornerstone Residential
Cornerstone Residential
  • 80

    Communities

  • 10,392

    Units

  • 40

    Cities

5 Communities in Bozeman
RAM Partners
RAM Partners
  • 294

    Communities

  • 78,101

    Units

  • 170

    Cities

4 Communities in Bozeman
Rockworth Companies
Rockworth Companies
  • 14

    Communities

  • 2,817

    Units

  • 9

    Cities

3 Communities in Bozeman
Avenue5 Residential
Avenue5 Residential
  • 574

    Communities

  • 128,432

    Units

  • 223

    Cities

2 Communities in Bozeman
AMC
AMC
  • 617

    Communities

  • 123,151

    Units

  • 242

    Cities

1 Community in Bozeman
Cardinal Group Management and Advisory, LLC
Cardinal Group Management and Advisory, LLC
  • 158

    Communities

  • 31,922

    Units

  • 84

    Cities

1 Community in Bozeman
PeakMade Real Estate
PeakMade Real Estate
  • 72

    Communities

  • 13,780

    Units

  • 54

    Cities

1 Community in Bozeman

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United States Montana Bozeman Rental Trends

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 February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity