FMRFinder

Montana fair market rent by county

Montana · FY2027 · 56 listed places · 55 HUD FMR areas

$1,310median 2BR

From $1,014 in Phillips County to $2,109 in Gallatin County

FY2026 → FY2027: median +0.2% · 54 up, 2 down · largest Phillips County +4.2% · all states

Unweighted median of the listed county, county-equivalent and town 2-bedroom FMRs; places sharing a HUD FMR area have the same value. This is not a statewide estimate of rents paid. U.S. county median $1,056. Effective October 1, 2026.

Income needed to afford it

At HUD's affordability benchmark — rent and utilities at no more than 30% of income — a 2-bedroom at the Fair Market Rent takes about $84,360 a year in Gallatin County and $40,560 in Phillips County.

UnitMedian FMRIncome neededPer hour
Studio$1,000$40,000$19.23
1 bedroom$1,078$43,120$20.73
2 bedrooms$1,310$52,400$25.19
3 bedrooms$1,803$72,120$34.67
4 bedrooms$2,047$81,880$39.37

Income needed = monthly FMR × 12 ÷ 0.30. Per hour = that ÷ 2,080 hours (one full-time job). Medians are across the listed Montana places, like the figure above. The FMR is HUD's 40th-percentile gross rent estimate, not the price of any listing.

Highest 2-bedroom first