Logo Missoula Fair Market Rent FY 2024 Missoula, MT MSA Rental Data

Fair Market Rent Prices in Missoula, MT :
$845 $988 $1,203 $1,695 $2,041
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Missoula are high compared to the national average. This FMR area is more expensive than 87% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Missoula is $1,203 per month.

The previous year, rent for a two-bedroom home was $1,120 per month. This is a 7.41% increase year-over-year.

This FMR rate applies to Milltown, MT, Condon, MT, Huson, MT, Bonner, MT, Seeley Lake, MT, Frenchtown, MT, Florence, MT, Lolo, MT, Missoula, MT and other cities within the region. The Metro Code or CBSA code for this region is METRO33540M33540.

Additionally, This Fair Market Rent (FMR) area Missoula, MT MSA spans one county or city in Montana which is listed in the table below. Estimated population of Missoula, MT MSA FMR area is 119,062 people based on latest Census data.

Compared to the rest of Montana, the Missoula FMR area is more expensive than 98% 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 Missoula. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Missoula

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 $ 912
1-BR 1-Bedroom $ 1066
2-BR 2-Bedroom $ 1298
3-BR 3-Bedroom $ 1829
4-BR 4-Bedroom $ 2203
Change Year:

There is just one county (listed below) within the Missoula, MT MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Missoula.

County / Region Est. Population
Missoula, MT Metro 119,062
Zip Codes in Missoula, MT MSA

There are 16 unique zip codes in this Fair Market Rent (FMR) area:

59801, 59802, 59803, 59804, 59806, 59807, 59808, 59812, 59823, 59826, 59833, 59834, 59846, 59847, 59851 and 59868

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