Rental Market Trends in Montana
$1,412/month
Average Rent
+0.4%
Increase in the Last Year
+$6
Average Price Increase
Ranked 30th
Least Expensive Rent by State
3,400
Available Rentals
Hot Springs, MT
City with the Lowest Rent
What is the average rent in Montana?
As of July 2025, the average rent in Montana is $1,412/month. When you rent an apartment in Montana, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $1,519 per month for a studio, $1,412 for a one-bedroom apartment, and around $1,717 for a two-bedroom apartment in Montana. If you opt for a three-bedroom rental, you could pay $2,135 or more.
Rent by City
What are the most affordable cities in Montana?
Based on current rent prices, the cheapest cities in Montana to live are Hot Springs, Libby and Lewistown.
Nearby State Markets
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Methodology
† 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.
State graphics provided by ProPublica
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