HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Broadwater County, Montana (FY 2026)
A two-bedroom in Broadwater County carries a FY 2026 Fair Market Rent of $1,748 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Broadwater keys off that figure.
2 bedroom FMR
$1,748
FY 2026, utilities included
Payment standard range
$1,573 to $1,923
90% to 110% of FMR
Income to afford 2BR
$69,920
per year, at 30% of income
Rank in Montana
2nd of 56
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Broadwater moves to $1,755. That's unchanged. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Broadwater actually rent for?
Search any address in Broadwater for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,240 | $1,116 to $1,364 | $49,600 | $23.85/hr | -0.2% |
| 1 bedroom | $1,595 | $1,436 to $1,755 | $63,800 | $30.67/hr | +11.9% |
| 2 bedroom | $1,748 | $1,573 to $1,923 | $69,920 | $33.62/hr | +3.2% |
| 3 bedroom | $2,096 | $1,886 to $2,306 | $83,840 | $40.31/hr | +2.7% |
| 4 bedroom | $2,856 | $2,570 to $3,142 | $114,240 | $54.92/hr | +5.7% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,284 | $2,956 to $3,612 |
| 6 bedroom Estimate | $3,713 | $3,342 to $4,084 |
| 7 bedroom Estimate | $4,141 | $3,727 to $4,555 |
| 8 bedroom Estimate | $4,570 | $4,113 to $5,027 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Broadwater, that runs from $1,240 for a studio up to $2,856 for four bedrooms, all five rates in the table above.
Broadwater is its own HUD metro area (Broadwater County, MT), so the rate here is set from rents inside the county rather than a wider region.
Among Montana's 56 counties, Broadwater ranks 2nd for two-bedroom FMR. That's about 34% above the state median of $1,307 and about 72% above the national median county at $1,018. About 6,977 people live here, 31st in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,740 in 59647 (Winston) and $1,780 in 59643 (Toston), with the 4 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Broadwater somewhere between $1,573 and $1,923. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,748 a month is affordable, by HUD's 30% rule, on an income of roughly $69,920 a year. Put another way, $34 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,573) | HAP at 100% ($1,748) | HAP at 110% ($1,923) |
|---|---|---|---|---|
| $2,500 | $750 | $823 | $998 | $1,173 |
| $4,000 | $1,200 | $373 | $548 | $723 |
Rate history
The two-bedroom rate went up 3% from FY 2025 ($1,694) to FY 2026 ($1,748). Since FY 2020 it's up 106% in total, about 12.8% a year. The Montana median moved up 3% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $586 | $645 | $850 | $1,059 | $1,358 | — |
| FY 2021 | $598 | $648 | $854 | $1,062 | $1,223 | +0.5% |
| FY 2022 | $566 | $622 | $802 | $991 | $1,088 | -6.1% |
| FY 2023 | $715 | $775 | $992 | $1,207 | $1,553 | +23.7% |
| FY 2024 | $829 | $938 | $1,141 | $1,380 | $1,796 | +15.0% |
| FY 2025 | $1,243 | $1,426 | $1,694 | $2,041 | $2,703 | +48.5% |
| FY 2026 | $1,240 | $1,595 | $1,748 | $2,096 | $2,856 | +3.2% |
| FY 2027 | $1,222 | $1,612 | $1,755 | $2,258 | $2,571 | +0.4% |
Nearby counties
Jefferson County
$1,40422 mi · pop 12,273
Lewis and Clark County
$1,64740 mi · pop 71,487
Meagher County
$1,39341 mi · pop 1,948
Gallatin County
$2,15453 mi · pop 119,685
Silver Bow County
$1,41458 mi · pop 35,306
Madison County
$1,54060 mi · pop 8,742
Deer Lodge County
$1,08062 mi · pop 9,435
Powell County
$1,13362 mi · pop 6,998
Questions people ask
$1,748 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,240 for a studio, $1,595 for one bedroom, $2,096 for three and $2,856 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Broadwater actually go for?
HUD's number is one input. Search any address in Broadwater for a rent estimate built from nearby comps. 3 free searches, no card.
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