HUD Fair Market Rent · FY 2026
Fair Market Rent in Montana by county (FY 2026)
Montana has 56 counties, and HUD sets a Fair Market Rent for every one of them. For FY 2026 the median two-bedroom is $1,307. The highest is Gallatin County at $2,154, the lowest Phillips County at $973.
Median 2BR
$1,307
Highest 2BR
$2,154
Gallatin County
Lowest 2BR
$973
Phillips County
Counties
56
10 in metro areas
Montana's two-bedroom FMR comes in at $1,307, and the counties around that number swing hard in both directions. Gallatin County, part of the Bozeman metro, tops the state at $2,154. Phillips County, out on the Hi-Line, sits at the bottom with $973. That's more than $1,000 apart. Only 10 of Montana's 56 counties fall inside a shared metro area, and Billings is the only one covering more than a single county. So if you're pricing a rental almost anywhere else in the state, you're working off that county's own number instead of a shared metro rate. Where ZIP-level data exists, Missoula County shows the widest spread, with Small Area FMRs running from $1,470 to $2,480 depending on the block.
10 of the 56 counties sit inside a HUD metro area and share that metro's rate. The other 46 get a county rate built from their own rents. The Montana median of $1,307 is about 28% above the national median county ($1,018). HUD also publishes ZIP-level Small Area FMRs covering 56 of the 56 counties, which is where the real variation shows up. Pick a county below for the full studio-to-four-bedroom table, payment standard ranges and ZIP rates.
The median two-bedroom moved up 3% from FY 2025. 56 counties went up, 0 went down, and the rest held.
HUD has already published FY 2027, effective October 1, 2026. Two-bedroom rates go up in 54 counties, down in 2, and hold in the rest. The table shows both years.
Fair Market Rent by county
County | Area | Studio | 1 BR | 2 BR | 3 BR | 4 BR | YoY | FY 2027 2BR | Population |
|---|---|---|---|---|---|---|---|---|---|
| Gallatin County | Metro | $1,485 | $1,642 | $2,154 | $2,996 | $3,537 | +3.2% | $2,109 | 119,685 |
| Broadwater County | Metro | $1,240 | $1,595 | $1,748 | $2,096 | $2,856 | +3.2% | $1,755 | 6,977 |
| Flathead County | Rural | $1,267 | $1,289 | $1,691 | $2,224 | $2,837 | +3.2% | $1,682 | 105,950 |
| Missoula County | Metro | $1,143 | $1,400 | $1,655 | $2,302 | $2,776 | +3.2% | $1,690 | 118,541 |
| Lewis and Clark County | Metro | $1,136 | $1,319 | $1,647 | $2,250 | $2,496 | +3.2% | $1,653 | 71,487 |
| Custer County | Rural | $1,109 | $1,226 | $1,608 | $2,154 | $2,322 | +3.2% | $1,612 | 11,957 |
| Park County | Rural | $1,107 | $1,385 | $1,605 | $2,232 | $2,692 | +3.2% | $1,608 | 17,320 |
| McCone County | Rural | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% | $1,552 | 1,746 |
| Petroleum County | Rural | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% | $1,552 | 416 |
| Prairie County | Rural | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% | $1,552 | 1,283 |
| Treasure County | Rural | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% | $1,552 | 680 |
| Wibaux County | Rural | $1,160 | $1,208 | $1,548 | $2,139 | $2,503 | +3.2% | $1,552 | 1,119 |
| Madison County | Rural | $1,154 | $1,202 | $1,540 | $2,073 | $2,583 | +3.2% | $1,543 | 8,742 |
| Fergus County | Rural | $1,084 | $1,102 | $1,446 | $1,991 | $2,338 | +3.1% | $1,450 | 11,496 |
| Lake County | Rural | $1,097 | $1,104 | $1,444 | $1,865 | $1,990 | +3.1% | $1,448 | 31,509 |
| Ravalli County | Rural | $1,116 | $1,145 | $1,423 | $1,979 | $2,387 | +3.2% | $1,426 | 44,876 |
| Carbon County | Metro | $1,016 | $1,109 | $1,417 | $1,951 | $2,216 | +3.2% | $1,432 | 10,645 |
| Yellowstone County | Metro | $1,016 | $1,109 | $1,417 | $1,951 | $2,216 | +3.2% | $1,432 | 165,524 |
| Silver Bow County | Rural | $1,028 | $1,149 | $1,414 | $1,967 | $2,180 | +3.2% | $1,417 | 35,306 |
| Jefferson County | Metro | $968 | $1,070 | $1,404 | $1,946 | $1,954 | +3.2% | $1,410 | 12,273 |
| Fallon County | Rural | $1,050 | $1,093 | $1,401 | $1,936 | $2,265 | +3.2% | $1,404 | 2,941 |
| Meagher County | Rural | $1,044 | $1,087 | $1,393 | $1,925 | $2,252 | +3.2% | $1,396 | 1,948 |
| Mineral County | Metro | $941 | $1,083 | $1,361 | $1,632 | $1,915 | +3.2% | $1,390 | 4,652 |
| Teton County | Rural | $1,019 | $1,241 | $1,360 | $1,891 | $2,171 | +3.2% | $1,363 | 6,238 |
| Musselshell County | Rural | $1,007 | $1,226 | $1,344 | $1,869 | $2,255 | +3.1% | $1,348 | 4,924 |
| Golden Valley County | Rural | $1,004 | $1,045 | $1,339 | $1,862 | $2,165 | +3.2% | $1,342 | 841 |
| Richland County | Rural | $1,143 | $1,197 | $1,312 | $1,573 | $2,201 | +3.2% | $1,315 | 11,366 |
| Chouteau County | Rural | $980 | $996 | $1,307 | $1,662 | $1,950 | +3.2% | $1,310 | 5,897 |
| Hill County | Rural | $980 | $1,069 | $1,307 | $1,724 | $1,731 | +3.2% | $1,310 | 16,238 |
| Big Horn County | Rural | $976 | $992 | $1,302 | $1,657 | $2,115 | +3.2% | $1,306 | 13,090 |
| Cascade County | Metro | $960 | $979 | $1,284 | $1,786 | $2,035 | +3.2% | $1,308 | 84,423 |
| Glacier County | Rural | $956 | $1,033 | $1,275 | $1,529 | $1,836 | +3.2% | $1,278 | 13,781 |
| Stillwater County | Metro | $884 | $958 | $1,257 | $1,748 | $2,109 | +3.2% | $1,271 | 8,978 |
| Dawson County | Rural | $940 | $956 | $1,254 | $1,504 | $1,942 | +3.2% | $1,257 | 8,915 |
| Pondera County | Rural | $940 | $1,144 | $1,254 | $1,619 | $1,892 | +3.2% | $1,257 | 5,987 |
| Carter County | Rural | $932 | $1,002 | $1,244 | $1,492 | $2,011 | +3.2% | $1,247 | 1,332 |
| Toole County | Rural | $918 | $1,052 | $1,230 | $1,702 | $1,712 | +3.2% | $1,233 | 5,018 |
| Sheridan County | Rural | $908 | $923 | $1,211 | $1,684 | $1,809 | +3.2% | $1,214 | 3,700 |
| Roosevelt County | Rural | $909 | $915 | $1,201 | $1,440 | $1,942 | +3.2% | $1,203 | 10,799 |
| Valley County | Rural | $899 | $915 | $1,200 | $1,566 | $1,753 | +3.2% | $1,202 | 7,552 |
| Rosebud County | Rural | $889 | $993 | $1,186 | $1,649 | $1,990 | +3.2% | $1,189 | 8,310 |
| Blaine County | Rural | $887 | $902 | $1,184 | $1,420 | $1,914 | +3.2% | $1,187 | 7,030 |
| Sweet Grass County | Rural | $881 | $918 | $1,176 | $1,551 | $1,638 | +3.2% | $1,179 | 3,697 |
| Lincoln County | Rural | $919 | $1,067 | $1,170 | $1,627 | $1,892 | +3.2% | $1,173 | 20,157 |
| Judith Basin County | Rural | $869 | $905 | $1,160 | $1,583 | $1,875 | +3.2% | $1,162 | 2,039 |
| Powell County | Rural | $849 | $884 | $1,133 | $1,576 | $1,832 | +3.2% | $1,136 | 6,998 |
| Wheatland County | Rural | $837 | $872 | $1,117 | $1,553 | $1,806 | +3.2% | $1,119 | 2,060 |
| Sanders County | Rural | $769 | $878 | $1,115 | $1,337 | $1,803 | +3.2% | $1,117 | 12,615 |
| Garfield County | Rural | $824 | $858 | $1,099 | $1,349 | $1,777 | +3.2% | $1,101 | 976 |
| Deer Lodge County | Rural | $809 | $985 | $1,080 | $1,502 | $1,812 | +3.2% | $1,082 | 9,435 |
| Beaverhead County | Rural | $803 | $978 | $1,072 | $1,491 | $1,798 | +3.3% | $1,074 | 9,469 |
| Granite County | Rural | $789 | $822 | $1,053 | $1,464 | $1,702 | +3.2% | $1,055 | 3,368 |
| Liberty County | Rural | $775 | $807 | $1,034 | $1,438 | $1,672 | +3.2% | $1,036 | 1,993 |
| Powder River County | Rural | $768 | $800 | $1,025 | $1,426 | $1,657 | +3.1% | $1,028 | 1,773 |
| Daniels County | Rural | $767 | $900 | $1,023 | $1,414 | $1,654 | +3.1% | $1,026 | 1,535 |
| Phillips County | Rural | $729 | $888 | $973 | $1,353 | $1,573 | +3.3% | $1,014 | 4,233 |
56 counties. HUD publishes studio through 4 bedroom rates. Tap a county for payment standards, ZIP-level rates and income needed.
Highest 2BR rates
Questions people ask
It depends on the county. For FY 2026 the median two-bedroom FMR across Montana's 56 counties is $1,307, ranging from $973 in Phillips County to $2,154 in Gallatin County. Every county's full table is linked on this page.
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