Rents are 4% below what Great Falls'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 $1,388 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
Great Falls, MT is majority owner-occupied, has a median income below the national average, 27.8% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Great Falls, MT has changed in 5 years
Five years ago, renters in Great Falls, MT paid around $891 a month. That figure now sits near $1,388, up 55.8% from the 2021 baseline. Household income in the area moved from $53,126 to $63,373 across the same window, up 19.3% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Reading these numbers side by side helps frame whether current listings in Great Falls, MT look reasonable against where the market sat half a decade ago.
Discussions about Great Falls
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Can you afford rent in Great Falls on your salary?
At $1,388/mo, how Great Falls rent compares to typical pay (30% rule).
Great Falls rent by bedroom count
Median rent for each apartment size in Great Falls. Click any size for full breakdown.
Tips for renters in Great Falls
Last updated: August 17, 2026
The median rent in Great Falls is $1,388/mo as of August 2026. A studio apartment averages $883/mo while a 2-bedroom runs $1,217/mo. One-bedroom apartments average $927/mo and 3-bedroom units go for $1,707/mo.
At 26% of local median household income ($63,373/yr), Great Falls ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.
Frequently asked questions
Is Great Falls an affordable city for renters?
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Which Great Falls neighborhoods have the lowest rent?
How does Great Falls rent compare to other cities in Montana?
What percentage of Great Falls residents rent vs. own?
How does Great Falls rent compare to the national average?
At $1,388/mo, rent takes ~26% of Great Falls's median household income ($63,373/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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