Lake County
FY 2026 HUD Fair Market Rents in Montana. Population: 31,509.
Fair Market Rents (2026)
Studio
National avg: $893
$1,097/mo
↑ 22.2% YoY
+23% vs US
1 Bedroom
National avg: $959
$1,104/mo
↑ 20.4% YoY
+15% vs US
2 Bedroom
National avg: $1,175
$1,444/mo
↑ 21.1% YoY
+23% vs US
3 Bedroom
National avg: $1,525
$1,865/mo
↑ 24.0% YoY
+22% vs US
4 Bedroom
National avg: $1,756
$1,990/mo
↑ 25.9% YoY
+13% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $898 | $1,097 | +$199 (+22.2%) |
| 1 Bedroom | $917 | $1,104 | +$187 (+20.4%) |
| 2 Bedroom | $1,192 | $1,444 | +$252 (+21.1%) |
| 3 Bedroom | $1,504 | $1,865 | +$361 (+24.0%) |
| 4 Bedroom | $1,580 | $1,990 | +$410 (+25.9%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$44,160
$3,680/month gross
Required annual income for 2 BR
$57,760
$4,813/month gross
Other Counties in Montana
Musselshell County
1 BR: $1,226/mo
Carbon County
1 BR: $1,109/mo
Mineral County
1 BR: $1,083/mo
Meagher County
1 BR: $1,087/mo
Lincoln County
1 BR: $1,067/mo
Powell County
1 BR: $884/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.