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City Report · MT

Bozeman

Pop. 56,114·2nd most expensive in Montana·Bozeman rents are up 6.8% over the past year
Median rent (all units)
$2,227/mo
Year-over-Year
+6.8%
Month-over-Month
+0.1%
vs US Median
+$262
Stable (Monthly)
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Most AffordableMost Expensive
Bozeman · $2,227
More expensive than 70% of US cities · National median $1,965/mo
Rent Reality Score
63/100
Good value
OverheatedFairGreat value

Rents are 6% below what Bozeman's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,227/mo
Expected by trend
$2,377/mo
The Rent Reality Score compares today's median rent to where Bozeman's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,370
1 BR
$1,535
2 BR
$1,970
3 BR
$2,760
4 BR+
$3,260
Research median
$1,970/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
$26,724/yr
At $2,227/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.8% YoY, +0.1% MoM), not inventory.
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Demographics

Who lives here

Bozeman, MT is majority renter-occupied, skews toward younger working-age adults, 65.1% of residents hold a bachelor's degree or higher.

Population
56,114
Median income
$85,747
Median age
28.9
Renters
55.3%
Age distribution
13.2%
47.5%
21.6%
Under 1813.2%
18–3447.5%
35–5421.6%
55–646.2%
65+11.4%
Gender
53.2%
46.8%
Male53.2%
Female46.8%
Race & ethnicity
86.4%
White86.4%
Black0.8%
Hispanic6.2%
Asian2.1%
Other4.5%
Education (25+)
20.7%
65.1%
No HS diploma2.7%
HS diploma11.5%
Some college20.7%
Bachelor's+65.1%
Housing tenure
44.7%
55.3%
Owner44.7%
Renter55.3%

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

2021 vs 2026

How Bozeman, MT has changed in 5 years

Rent
$1,718 → $2,227
up 29.6%
Income
$67,354 → $85,747
up 27.3%
Population
51,574 → 56,114
up 8.8%
Renter share
55.4% → 55.3%
-0.1 pts
Bachelor's+
63.8% → 65.1%
+1.3 pts
Median age
28.2 → 28.9
+0.7 yrs

Across the past five years, the going rent in Bozeman, MT has shifted from $1,718 to $2,227, up 29.6% since 2021. On the earnings side, the typical household in Bozeman, MT now reports about $85,747, up from $67,354 in 2021. Census counts show Bozeman, MT adding about 4,540 residents over the five-year window, up 8.8% on net. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Bozeman, MT reflects that arc in its own way.

Community

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

Can you afford rent in Bozeman on your salary?

At $2,227/mo, how Bozeman rent compares to typical pay (30% rule).

By apartment size

Bozeman rent by bedroom count

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

Local insights

Tips for renters in Bozeman

About renting in Bozeman, MT

Last updated: July 20, 2026

The median rent in Bozeman is $2,227/mo as of July 2026. A studio apartment averages $1,370/mo while a 2-bedroom runs $1,970/mo. One-bedroom apartments average $1,535/mo and 3-bedroom units go for $2,760/mo.

At 31% of local median household income ($85,747/yr), Bozeman ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.8% over the past year.

FAQ

Frequently asked questions

Is Bozeman an affordable city for renters?

Bozeman is considered moderate for renters. At $2,227/mo, rent takes approximately 31% of the local median household income ($85,747/yr). The standard benchmark is 30%. Bozeman slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Bozeman?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (~$43/hour full-time) to afford the median rent of $2,227/mo in Bozeman. The local median household income is $85,747/yr, meaning the typical Bozeman household falls short of that threshold.

Is rent going up or down in Bozeman?

Rent in Bozeman has increased 6.8% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Bozeman neighborhoods have the lowest rent?

The most affordable ZIP codes in Bozeman are 59715 ($2,076/mo), and 59718 ($2,283/mo). Citywide, the median rent in Bozeman is $2,227/mo.

How does Bozeman rent compare to other cities in Montana?

Bozeman is one of the pricier cities in Montana for rent, ranking #2 out of 11 tracked cities at $2,227/mo.

Which nearby cities are cheaper to rent in than Bozeman?

Several nearby cities have lower median rents than Bozeman ($2,227/mo): Livingston ($1,339/mo), Cody ($1,431/mo), Helena ($1,663/mo).

What percentage of Bozeman residents rent vs. own?

According to Census data, approximately 55.3% of Bozeman households are renters, while 44.7% are owner-occupied. With a majority renter population, Bozeman has a strong rental market.

How does Bozeman rent compare to the national average?

Bozeman's median rent of $2,227/mo is $262 (13%) above the US national median of $1,965/mo. Within Montana, it ranks #2 out of 11 tracked cities.
Income Affordability
31%
MODERATE

At $2,227/mo, rent takes ~31% of Bozeman's median household income ($85,747/yr). The standard benchmark is 30%.

Bozeman 31%Benchmark 30%
State income tax4.7%
Run the Bozeman affordability calculator →
Lowest-rent ZIP codes in Bozeman
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Bozeman, MT

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