HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Deer Lodge County, Montana (FY 2026)
$1,080 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Deer Lodge County, and it's the baseline every voucher in Deer Lodge is measured against.
2 bedroom FMR
$1,080
FY 2026, utilities included
Payment standard range
$972 to $1,188
90% to 110% of FMR
Income to afford 2BR
$43,200
per year, at 30% of income
Rank in Montana
50th of 56
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Deer Lodge moves to $1,082. 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 Deer Lodge actually rent for?
Search any address in Deer Lodge 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 | $809 | $728 to $890 | $32,360 | $15.56/hr | +5.3% |
| 1 bedroom | $985 | $887 to $1,084 | $39,400 | $18.94/hr | +4.1% |
| 2 bedroom | $1,080 | $972 to $1,188 | $43,200 | $20.77/hr | +3.2% |
| 3 bedroom | $1,502 | $1,352 to $1,652 | $60,080 | $28.88/hr | +2.4% |
| 4 bedroom | $1,812 | $1,631 to $1,993 | $72,480 | $34.85/hr | +4.8% |
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 | $2,084 | $1,876 to $2,292 |
| 6 bedroom Estimate | $2,356 | $2,120 to $2,592 |
| 7 bedroom Estimate | $2,627 | $2,364 to $2,890 |
| 8 bedroom Estimate | $2,899 | $2,609 to $3,189 |
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 Deer Lodge, that runs from $809 for a studio up to $1,812 for four bedrooms, all five rates in the table above.
Because Deer Lodge sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Anaconda included.
Among Montana's 56 counties, Deer Lodge ranks 50th for two-bedroom FMR. That's about 17% below the state median of $1,307 and about 6% above the national median county at $1,018. About 9,435 people live here, 23rd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,080 in 59756 (Warm Springs) and $1,240 in 59711 (Anaconda), with the 2 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 Deer Lodge somewhere between $972 and $1,188. 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.
$1,080 a month is affordable, by HUD's 30% rule, on an income of roughly $43,200 a year. Put another way, $21 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% ($972) | HAP at 100% ($1,080) | HAP at 110% ($1,188) |
|---|---|---|---|---|
| $2,500 | $750 | $222 | $330 | $438 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 3% from FY 2025 ($1,047) to FY 2026 ($1,080). Since FY 2020 it's up 51% in total, about 7.1% 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 | $492 | $615 | $714 | $991 | $1,252 | — |
| FY 2021 | $514 | $638 | $734 | $999 | $1,186 | +2.8% |
| FY 2022 | $535 | $660 | $757 | $1,047 | $1,148 | +3.1% |
| FY 2023 | $596 | $731 | $826 | $1,174 | $1,315 | +9.1% |
| FY 2024 | $658 | $806 | $905 | $1,275 | $1,472 | +9.6% |
| FY 2025 | $768 | $946 | $1,047 | $1,467 | $1,729 | +15.7% |
| FY 2026 | $809 | $985 | $1,080 | $1,502 | $1,812 | +3.2% |
| FY 2027 | $827 | $973 | $1,082 | $1,498 | $1,809 | +0.2% |
Nearby counties
Silver Bow County
$1,41420 mi · pop 35,306
Granite County
$1,05331 mi · pop 3,368
Powell County
$1,13334 mi · pop 6,998
Jefferson County
$1,40440 mi · pop 12,273
Lewis and Clark County
$1,64754 mi · pop 71,487
Ravalli County
$1,42359 mi · pop 44,876
Beaverhead County
$1,07261 mi · pop 9,469
Broadwater County
$1,74862 mi · pop 6,977
Questions people ask
$1,080 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $809 for a studio, $985 for one bedroom, $1,502 for three and $1,812 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 Deer Lodge actually go for?
HUD's number is one input. Search any address in Deer Lodge for a rent estimate built from nearby comps. 3 free searches, no card.
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