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Rental Market Trends in Bozeman, MT

Updated August 2026

The average rent in Bozeman, MT is $1,928/month.

Rent in Bozeman is 16% higher than the national average rent of $1,664/month, making this one of the more expensive cities statewide.

$1,928/month

Average Rent

727 Sq Ft

Average Size

+2%

Change / Year

891

Available Apartments

Bozeman rent varies by unit size and layout:

  • Studio apartments in Bozeman average $2,278 per month.
  • One-bedroom apartments in Bozeman average $1,928 per month.
  • Two-bedroom apartments in Bozeman average $2,230 per month.
  • Three-bedroom apartments in Bozeman average $2,873 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$2,278/month
775 Sq Ft
One Bedroom
$1,928/month
727 Sq Ft
Two Bedroom
$2,230/month
1,041 Sq Ft
Three Bedroom
$2,873/month
1,364 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$2,083/month
450 Sq Ft
Two Bedroom
$2,268/month
683 Sq Ft
Three Bedroom
$2,764/month
1,342 Sq Ft
Four Bedroom
$3,992/month
2,345 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,860/month
783 Sq Ft
Three Bedroom
$2,579/month
1,461 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$2,549/month
1,092 Sq Ft
Three Bedroom
$2,470/month
1,498 Sq Ft
View Bozeman Apartments

How much has average rent changed in Bozeman, MT?

In the past year, rent has increased by 2%, which averages out to $39 more per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Bozeman, MT

August 2026
Above $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
7% $1,001 - $1,500/month
38% $1,501 - $2,000/month
50% Above $2,000/month

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

Because the average rent in Bozeman is $1,928, you’ll want to make about $6,426 per month or $77,112 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 27.6% higher than the national average. Generally, housing in Bozeman is 53.7% more expensive than the national average, with rent falling between $1,928 - $2,873. You can expect to pay 2.9% more for groceries, 17.4% less for utilities, and 11.6% more for transportation.

City

Bozeman, MT

891 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.

View the Bozeman Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Belgrade

    Belgrade

    Avg Rent: $1,436/month

Apartment Communities in Bozeman We Think You'll Love

Uplands

Uplands

1810 N 25th Ave,
Bozeman, MT 59718

1-3 Beds | $1,824 - $8,250

Yellowstone Landing

Yellowstone Landing

303 Belgrade Blvd.,
Belgrade, MT 59714

1-4 Beds | $1,820 - $2,850

19th & Graf Apartment Homes

19th & Graf Apartment Homes

3001 S 21st Ave,
Bozeman, MT 59718

1-3 Beds | $1,850 - $3,250

1 Bedroom & 1 Bedroom + Den at UC!

1 Bedroom & 1 Bedroom + Den at UC!

2020 W Kagy Blvd,
Bozeman, MT 59718

1 Bed | $1,575 - $1,975

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Frequently Asked Questions

What is the average rent in Bozeman?

The average rent in Bozeman is $1,928 per month, which is 15.9% higher than the national average of $1,664.

What is the average rent for a house in Bozeman?

The average rent for a house in Bozeman, MT is $2,764 per month.

What is the average rent for a townhome in Bozeman?

The average rent for a townhome in Bozeman, MT is $2,549 per month.

Are rents going up or down in Bozeman?

Rents in Bozeman, MT are increasing, with prices up 2.0% year-over-year and $39 more per month.

What rent range is most common in Bozeman?

In Bozeman, MT, 50% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

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 June 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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Equal Housing Opportunity