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City Report · MT

Belgrade

Pop. 11,872·3rd most expensive in Montana·Rental market data updated monthly for Belgrade, MT
Median rent (all units)
$2,188/mo
Year-over-Year
-1.3%
Month-over-Month
+6.4%
vs US Median
+$223
Rising (Monthly)
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Most AffordableMost Expensive
Belgrade · $2,188
More expensive than 69% of US cities · National median $1,965/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $2,188/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$88,000/yr
Local median income
$97,328/yr
Based on the 30%-of-income rule using Belgrade's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,370
1 BR
$1,540
2 BR
$1,980
3 BR
$2,770
4 BR+
$3,280
Research median
$1,980/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$26,256/yr
At $2,188/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 1.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (-1.3% YoY, +6.4% MoM), not inventory.
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Demographics

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.

Population
11,872
Median income
$97,328
Median age
33.3
Renters
43.9%
Age distribution
25.4%
27.5%
29.7%
Under 1825.4%
18–3427.5%
35–5429.7%
55–6410.9%
65+6.5%
Gender
51.9%
48.1%
Male51.9%
Female48.1%
Race & ethnicity
85.6%
White85.6%
Hispanic6.9%
Asian0.5%
Other6.6%
Education (25+)
26.8%
31.4%
37.5%
No HS diploma4.3%
HS diploma26.8%
Some college31.4%
Bachelor's+37.5%
Housing tenure
56.1%
43.9%
Owner56.1%
Renter43.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Belgrade, MT has changed in 5 years

Income
$72,921 → $97,328
up 33.5%
Population
10,555 → 11,872
up 12.5%
Renter share
41.4% → 43.9%
+2.5 pts
Bachelor's+
35.2% → 37.5%
+2.3 pts

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.

Community

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View Belgrade rent history (2015–2026) →
Salary vs rent

Can you afford rent in Belgrade on your salary?

At $2,188/mo, how Belgrade rent compares to typical pay (30% rule).

By apartment size

Belgrade rent by bedroom count

Median rent for each apartment size in Belgrade. Click any size for full breakdown.

Local insights

Tips for renters in Belgrade

About renting in Belgrade, MT

Last updated: July 20, 2026

The median rent in Belgrade is $2,188/mo as of July 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 27% of local median household income ($97,328/yr), Belgrade ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.3% over the past year.

FAQ

Frequently asked questions

Is Belgrade an affordable city for renters?

Belgrade is considered affordable for renters. At $2,188/mo, rent takes approximately 27% of the local median household income ($97,328/yr). The standard benchmark is 30%. Belgrade falls comfortably within that range.

How much income do you need to rent in Belgrade?

To keep rent at or below 30% of gross income, you would need to earn at least $88,000/year (~$42/hour full-time) to afford the median rent of $2,188/mo in Belgrade. The local median household income is $97,328/yr, meaning the typical Belgrade household meets that threshold.

Is rent going up or down in Belgrade?

Rent in Belgrade has decreased 1.3% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Belgrade rent compare to other cities in Montana?

Belgrade is one of the pricier cities in Montana for rent, ranking #3 out of 11 tracked cities at $2,188/mo.

Which nearby cities are cheaper to rent in than Belgrade?

Several nearby cities have lower median rents than Belgrade ($2,188/mo): Butte ($1,314/mo), Livingston ($1,339/mo), Helena ($1,663/mo).

What percentage of Belgrade residents rent vs. own?

According to Census data, approximately 43.9% of Belgrade households are renters, while 56.1% are owner-occupied. Belgrade leans toward homeownership, which can mean a smaller rental inventory.

How does Belgrade rent compare to the national average?

Belgrade's median rent of $2,188/mo is $223 (11%) above the US national median of $1,965/mo. Within Montana, it ranks #3 out of 11 tracked cities.
Income Affordability
27%
AFFORDABLE

At $2,188/mo, rent takes ~27% of Belgrade's median household income ($97,328/yr). The standard benchmark is 30%.

Belgrade 27%Benchmark 30%
State income tax4.7%
Run the Belgrade affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Belgrade, MT

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