Logo Gallatin County Fair Market Rent FY 2024 Gallatin County, MT Rental Data

Fair Market Rent Prices in Gallatin County, MT :
$901 $999 $1,275 $1,797 $2,164
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Gallatin County are high compared to the national average. This FMR area is more expensive than 89% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Gallatin County is $1,275 per month.

The previous year, rent for a two-bedroom home was $1,164 per month. This is a 9.54% increase year-over-year.

This FMR rate applies to Willow Creek, MT, Wilsall, MT, Gallatin Gateway, MT, West Yellowstone, MT, Big Sky, MT, Manhattan, MT, Belgrade, MT, Bozeman, MT and other cities within the region. The Metro Code or CBSA code for this region is NCNTY30031N30031.

Additionally, This Fair Market Rent (FMR) area Gallatin County, MT spans one county or city in Montana which is listed in the table below. Estimated population of Gallatin County, MT FMR area is 111,401 people based on latest Census data.

Compared to the rest of Montana, the Gallatin County FMR area is more expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Gallatin County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Gallatin County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 996
1-BR 1-Bedroom $ 1104
2-BR 2-Bedroom $ 1410
3-BR 3-Bedroom $ 1987
4-BR 4-Bedroom $ 2393
Change Year:

There is just one county (listed below) within the Gallatin County, MT FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Billings and Butte - Bozeman.

County / Region Est. Population
Gallatin County, MT 111,401
Zip Codes in Gallatin County, MT

There are 13 unique zip codes in this Fair Market Rent (FMR) area:

59086, 59714, 59715, 59716, 59717, 59718, 59719, 59730, 59741, 59758, 59760, 59771 and 59772

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