At $2,134/mo, rent takes about 26% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,134 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent has risen 3 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($97,328) is $2,433 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,980); a 3-bedroom is $2,770.
From Zillow's monthly rent index (ZORI) for Belgrade. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Belgrade, MT is majority owner-occupied, has a large share of families with children, has a median income above the national average, 37.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Belgrade, MT has changed in 5 years
On the earnings side, the typical household in Belgrade, MT now reports about $97,328, up from $72,921 in 2021. The population has grown by 12.5% since 2021, moving from about 10,555 residents to roughly 11,872. Renters now make up 43.9% of households, compared with 41.4% five years ago. College-educated residents now make up 37.5% of adults here, versus 35.2% in 2021.
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Can you afford rent in Belgrade on your salary?
At $2,134/mo, how Belgrade rent compares to typical pay (30% rule).
Belgrade rent by bedroom count
Median rent for each apartment size in Belgrade. Click any size for full breakdown.
Tips for renters in Belgrade
Last updated: October 17, 2026
The median rent in Belgrade is $2,134/mo as of October 2026. A studio apartment averages $1,370/mo while a 2-bedroom runs $1,980/mo. One-bedroom apartments average $1,540/mo and 3-bedroom units go for $2,770/mo.
At 26% of local median household income ($97,328/yr), Belgrade ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.
Frequently asked questions
How much income do you need to rent in Belgrade?
Is rent going up or down in Belgrade?
How does Belgrade rent compare to other cities in Montana?
Which nearby cities are cheaper to rent in than Belgrade?
At $2,134/mo, rent takes ~26% of Belgrade's median household income ($97,328/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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