Official HUD Fair Market Rents for all 4 Montana metro FMR areas. Median 3-bedroom benchmark across the state's metros: $1,888/mo. FMRs are 40th-percentile gross rents — treat them as floor benchmarks, not asking rents.
| Metro | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Billings | $1,013 | $1,062 | $1,373 | $1,888 | $2,124 |
| Great Falls | $903 | $948 | $1,244 | $1,743 | $1,977 |
| Missoula | $1,121 | $1,339 | $1,604 | $2,248 | $2,694 |
| Stillwater County | $877 | $928 | $1,218 | $1,705 | $2,045 |
Source: U.S. Department of Housing & Urban Development, FY2025 Fair Market Rents for Montana metro FMR areas. Compiled by AgenticREI.ai. Free to cite with a link.
Every strategy calculator can start from these benchmarks — or paste any Montana address into the analyzer and it pulls the property records and market rents itself, then gives you a straight BUY, NEGOTIATE, or PASS.
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