Montana Fair Market Rent (FY2026)
West region · 55 HUD FMR areas
In FY2026, Montana has 55 HUD Fair Market Rent areas with a median 2-bedroom FMR of $1,307/month. Across the state, the 2-bedroom FMR ranges from $973 (Phillips County, MT) to $2,154 (Bozeman, MT). That median is $332 above the national median FMR of $975, ranking Montana #19 of 51 states (1 = most expensive). FMR is the federal voucher rent standard, not the market median.
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
Montana median FMR by bedroom size
| Unit size | Median FMR (per month) |
|---|---|
| Studio / efficiency | $968 |
| 1-bedroom | $1,067 |
| 2-bedroom | $1,307 |
| 3-bedroom | $1,702 |
| 4-bedroom | $1,990 |
These are medians across the state's areas; an individual metro can be much higher or lower. The population-weighted average 2-bedroom FMR (weighting each area by its population) is $1,522.
Every FMR area in Montana
| FMR area | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|
Source: HUD USER, FY2026 Fair Market Rents (40th percentile, revised final). Data as of June 2026.
Frequently asked questions
What is the Fair Market Rent in Montana for FY2026?
Montana has 55 HUD Fair Market Rent areas. The median 2-bedroom FMR across them is $1,307 per month, ranging from $973 (Phillips County, MT) to $2,154 (Bozeman, MT). HUD sets FMRs by metro/county, not statewide, so use the area closest to where you live. Verify at huduser.gov.
Which Montana area has the highest and lowest FMR?
In FY2026 the highest 2-bedroom FMR in Montana is $2,154 in Bozeman, MT, and the lowest is $973 in Phillips County, MT. Rents are highest in the largest metros and lowest in rural counties.
Is Montana expensive for renters compared with other states?
Montana's median 2-bedroom FMR of $1,307 is $332 above the national median FMR of $975 (+34%). It ranks #19 of 51 states and DC by median 2-bedroom FMR (1 = most expensive).
How does FMR relate to Section 8 vouchers in Montana?
Public housing agencies in Montana set Housing Choice Voucher payment standards at roughly 90–110% of the local FMR. Your subsidy covers the gap between that standard and about 30% of your adjusted income. Contact the PHA for your county for exact figures.
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Source & accuracy
FY2026 Fair Market Rents, U.S. Dept. of Housing & Urban Development — HUD USER (public domain). State medians and ranges are computed over HUD's area-level FMRs (see methodology). FMR is the federal voucher rent standard, not the market median; verify on huduser.gov.
Last updated: 2026-06-20