Rents are 9% below what Bozeman's 10-year trend predicts — a better deal than its own history suggests.
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 $2,164 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: August 17, 2026
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Bozeman, MT has changed in 5 years
Across the past five years, the going rent in Bozeman, MT has shifted from $1,718 to $2,164, up 26.0% 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.
Discussions about Bozeman
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Can you afford rent in Bozeman on your salary?
At $2,164/mo, how Bozeman rent compares to typical pay (30% rule).
Bozeman rent by bedroom count
Median rent for each apartment size in Bozeman. Click any size for full breakdown.
Tips for renters in Bozeman
Last updated: August 17, 2026
The median rent in Bozeman is $2,164/mo as of August 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 30% of local median household income ($85,747/yr), Bozeman ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.
Frequently asked questions
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What percentage of Bozeman residents rent vs. own?
How does Bozeman rent compare to the national average?
At $2,164/mo, rent takes ~30% of Bozeman's median household income ($85,747/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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