Metro FMR · CBSA 14580 · HUD FY2026

Bozeman, MT MSA Fair Market Rent

HUD's FY2026 Fair Market Rent for the Bozeman, MT MSA metro area - 71% above the US average.

$1,642
1-bedroom FMR
$2,154
2-bedroom FMR
+71%
vs US avg

The verdict

A 2-bedroom in the Bozeman, MT MSA area rents at $2,154 under HUD's FY2026 Fair Market Rent - 83% above the US average, higher than 94% of the 387 metro areas HUD tracks.

#23
priciest of 387 US metros (2BR)
+83%
vs the US 2-bedroom average
$86,160
income to afford it (30% rule)

Affordability & income context

Bozeman: #23 priciest nationally · income context

At the metro's ACS median household income of $87,454, this 1-bedroom FMR takes 22.5% of annual income. It remains below the 30% affordability guide, but is a material part of a median-income household's budget.

The 2-bedroom figure places Bozeman in the highest-rent tenth of HUD metro areas, using the same FY2026 HUD schedule as the national comparison.

With 119,685 residents, this is a smaller-metro benchmark rather than a single-neighborhood rent quote.

Population grew 16.7% over the past five years (Census ACS) - among the faster-growing metros nationally, a trend that typically adds upward pressure on rents.

The ACS rental vacancy rate here is 5.2%, close to the range where market rents and HUD's FMR benchmark tend to track each other.

The Census ACS median gross rent across all rental units here is $1,574/month - the FY2026 HUD two-bedroom FMR of $2,154 runs 36.8% above that all-unit-types median. The two figures measure different things (ACS covers every rented unit; FMR targets a specific bedroom count), so a gap is expected, not an error.

That budget pressure matches a top-decile 2-bedroom FMR nationally (#23 of 387 HUD-tracked metros).

The studio-through-two-bedroom FMR bands stay below 30% of recorded median income here; the larger-bedroom rows show where that headroom narrows.

Observed renter burden: 46.2% of the 19,251 renter households counted by ACS paid at least 30% of income in gross rent. This ACS 2023 household measure is distinct from the FY2026 HUD FMR benchmark.

ACS median household income lags the FY2026 HUD FMR schedule. The income share is a same-metro cross-source read (Census ACS B19013 vs HUD FMR), not a same-vintage ratio.

Studio

$1,485/mo

20.4% of median income

1 Bedroom

$1,642/mo

22.5% of median income

2 Bedroom

$2,154/mo

29.6% of median income

3 Bedroom

$2,996/mo

41.1% of median income

4 Bedroom

$3,537/mo

48.5% of median income

FMR filing desk

CBSA CBSA·14580

Bozeman: $1,642/mo 1BR · #23 of 387 metros (2BR) · FY2026 CBSA 14580

  • CBSA 14580
  • 1BR-FMR $1,642
  • 2BR-FMR $2,154
  • RANK-UPPER #23
  • YOY-NA YoY pending
  • VSUS-HIGH +71%
  • IN-ST-HIGH #5 MT
  • INC-MID 23%
  • POP-MID 120K
  • PHOTO-NEAR Billings
  • VOUCH-90-110 $1,478–$1,806
  • FY-2026 FY2026

Photo-finish peer: Billings ($533 1BR gap)

Read with: Understanding rent burden

Where Bozeman sits among every US metro

2-bedroom Fair Market Rent vs. all 387 HUD metro areas

$2,154 Top 6% higher than 94% of 387 metro areas

$800–$1,000: 28 metro areas (7%). Below this entry. $1,000–$1,200: 114 metro areas (29%). Below this entry. $1,200–$1,400: 95 metro areas (25%). Below this entry. $1,400–$1,600: 52 metro areas (13%). Below this entry. $1,600–$1,800: 41 metro areas (11%). Below this entry. $1,800–$2,000: 26 metro areas (7%). Below this entry. $2,000–$2,200: 9 metro areas (2%). This entry sits in this band. $2,200–$2,400: 5 metro areas (1%). Above this entry. $2,400–$2,600: 5 metro areas (1%). Above this entry. $2,600–$2,800: 5 metro areas (1%). Above this entry. $2,800–$3,000: 4 metro areas (1%). Above this entry. $3,000–$3,200: 2 metro areas (1%). Above this entry. $3,200–$3,400: 0 metro areas (0%). Above this entry. $3,400–$3,600: 0 metro areas (0%). Above this entry. $3,600–$3,800: 0 metro areas (0%). Above this entry. $3,800–$4,000: 0 metro areas (0%). Above this entry. $4,000–$4,200: 0 metro areas (0%). Above this entry. $4,200–$4,400: 1 metro areas (0%). Above this entry. This metro $800 $4,400 every US metro, bucketed by value

Each bar is a $0.2K-wide band; taller bars hold more metro areas. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

What this shows #23 of 387 HUD-tracked metro areas, 83% above the national 2-bedroom average. 8 other metro areas fall in this same rent band.

Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026

Bozeman studio–4BR schedule (FY2026) · 2BR #23 nationally

Each bedroom band is FY2026 HUD Fair Market Rent for CBSA 14580 (119,685 residents).

Studio
$1,485
US avg $893
+66% vs US
1 Bedroom
$1,642
US avg $959
+71% vs US
2 Bedroom
$2,154
US avg $1,175
+83% vs US
3 Bedroom
$2,996
US avg $1,525
+96% vs US
4 Bedroom
$3,537
US avg $1,756
+101% vs US

How Bozeman compares on 1-bedroom rent

1-bedroom FMR vs other MT metro areas

1BR FMR / mo

What this shows Bozeman highlighted among 4 peers · FY2026 1BR HUD FMR.

Source U.S. Department of Housing and Urban Development (HUD) As of FY2026

Bozeman: out-of-state FMR & burden peers

PlainRent pairs Bozeman with the 4 nearest HUD 2BR schedules and 4 nearest burden matches outside MT (burden peers exclude the FMR set; pop ≥50k).

2BR FMR · outside MT

Nearest schedules by 2BR delta (FY2026).

Vallejo
CA · 2 BR $2,178/mo
Boulder
CO · 2 BR $2,124/mo
Riverside-San Bernardino-Ontario
CA · 2 BR $2,201/mo
Denver-Aurora-Centennial
CO · 2 BR $2,089/mo

Burden % · outside MT

Nearest 2BR FMR ÷ ACS median income (FY2026).

Prescott Valley-Prescott
AZ · 29.7% of income · 2 BR $1,637/mo
Panama City
FL · 29.8% of income · 2 BR $1,682/mo
Lake Havasu City-Kingman
AZ · 29.4% of income · 2 BR $1,365/mo
Eugene-Springfield
OR · 29.2% of income · 2 BR $1,688/mo

Bozeman: quick answers

What is the average rent in the Bozeman, MT MSA metro area? ▼
The FY 2026 Fair Market Rent for a 1-bedroom in Bozeman, MT MSA is $1,642 per month. A 2-bedroom is $2,154 and a studio is $1,485.
How does Bozeman, MT MSA rent compare to the national average? ▼
Rent in the Bozeman, MT MSA metro area is 71% above the national average. A 1-bedroom costs $1,642 compared to $959 nationally.
Where does Bozeman rank nationally for Fair Market Rent? ▼
HUD's FY 2026 2-bedroom FMR of $2,154 ranks #23 most expensive among 387 US metro areas (the highest-rent tenth of HUD metro areas).
What income do I need to afford rent in Bozeman, MT MSA? ▼
Based on the 30% affordability rule, you need an annual income of at least $65,680 ($5,473/month) to afford a 1-bedroom at Fair Market Rent in the Bozeman, MT MSA area.
Is Bozeman's population growing, and how tight is its rental market? ▼
Population grew 16.7% over the past five years (Census ACS) - among the faster-growing metros nationally, a trend that typically adds upward pressure on rents. The ACS rental vacancy rate here is 5.2%, close to the range where market rents and HUD's FMR benchmark tend to track each other.

Compare Bozeman vs Billings →

What this means for renters

Treat Bozeman's FY2026 Fair Market Rent as HUD's affordability benchmark, not a single market quote.

  • Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $1,642 implies about $65,680/yr to rent without being cost-burdened. Run your numbers
  • See how Bozeman stacks up against a comparable metro before assuming this figure applies elsewhere. Compare vs Billings
  • See where Bozeman ranks nationally on rent. National rankings

Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. This is a metro-wide figure across 1 county; actual asking rents in any specific county can run higher or lower, and HUD updates FMRs once a year. This site is informational and not financial or relocation advice.

Data as of FY 2026. Source: U.S. Department of Housing and Urban Development (HUD) Fair Market Rents. Population and demographic data from U.S. Census Bureau American Community Survey (ACS).

Read our methodology - how this data is sourced, computed, and verified.

FY 2026 HUD FMR $1,642/mo · 1BR MT

Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.