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City Report · MT

Miles City

Pop. 8,407·12th most expensive in Montana·One of the most affordable rental markets in the US
Median rent (all units)
$813/mo
Year-over-Year
Stable
Month-over-Month
+8.4%
vs US Median
-$1,152
Rising (Monthly)
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Most AffordableMost Expensive
Miles City · $813
More affordable than 99% of US cities · National median $1,965/mo
Affordability
14% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $813/mo, rent takes about 14% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$33,000/yr
Local median income
$67,727/yr
Based on the 30%-of-income rule using Miles City's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$530
1 BR
$590
2 BR
$773
3 BR
$1,060
4 BR+
$1,065
Research median
$773/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: May 18, 2026

Annual cost
$9,756/yr
At $813/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +8.4% MoM), not inventory.
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Demographics

Who lives here

Miles City, MT is majority owner-occupied, 25.5% of residents hold a bachelor's degree or higher.

Population
8,407
Median income
$67,727
Median age
42.6
Renters
36.1%
Age distribution
19%
20.8%
26.3%
14.3%
19.7%
Under 1819%
18–3420.8%
35–5426.3%
55–6414.3%
65+19.7%
Gender
51.5%
48.5%
Male51.5%
Female48.5%
Race & ethnicity
90.2%
White90.2%
Hispanic4.2%
Asian0.6%
Other5%
Education (25+)
31.8%
38.2%
25.5%
No HS diploma4.6%
HS diploma31.8%
Some college38.2%
Bachelor's+25.5%
Housing tenure
63.9%
36.1%
Owner63.9%
Renter36.1%

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

2021 vs 2026

How Miles City, MT has changed in 5 years

Income
$54,265 → $67,727
up 24.8%
Population
8,441 → 8,407
down 0.4%
Renter share
39.5% → 36.1%
-3.4 pts
Bachelor's+
29.1% → 25.5%
-3.6 pts
Median age
41.9 → 42.6
+0.7 yrs

Census figures show median household income at $67,727 today, compared with $54,265 five years earlier. About 36.1% of households rent today, against 39.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 29.1% to 25.5%.

Community

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View Miles City rent history (2015–2026) →
Salary vs rent

Can you afford rent in Miles City on your salary?

At $813/mo, how Miles City rent compares to typical pay (30% rule).

By apartment size

Miles City rent by bedroom count

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

Local insights

Tips for renters in Miles City

About renting in Miles City, MT

Last updated: May 18, 2026

The median rent in Miles City is $813/mo as of May 2026. A studio apartment averages $530/mo while a 2-bedroom runs $773/mo. One-bedroom apartments average $590/mo and 3-bedroom units go for $1,060/mo.

At 14% of local median household income ($67,727/yr), Miles City ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Miles City an affordable city for renters?

Miles City is considered very affordable for renters. At $813/mo, rent takes approximately 14% of the local median household income ($67,727/yr). The standard benchmark is 30%. Miles City falls comfortably within that range.

How much income do you need to rent in Miles City?

To keep rent at or below 30% of gross income, you would need to earn at least $33,000/year (~$16/hour full-time) to afford the median rent of $813/mo in Miles City. The local median household income is $67,727/yr, meaning the typical Miles City household meets that threshold.

Is rent going up or down in Miles City?

Rent in Miles City has been relatively stable over the past year, with a 0.0% change year over year as of May 2026.

How does Miles City rent compare to other cities in Montana?

Miles City is one of the more affordable cities in Montana for rent, ranking #12 out of 12 tracked cities at $813/mo.

What percentage of Miles City residents rent vs. own?

According to Census data, approximately 36.1% of Miles City households are renters, while 63.9% are owner-occupied. Miles City leans toward homeownership, which can mean a smaller rental inventory.

How does Miles City rent compare to the national average?

Miles City's median rent of $813/mo is $1,152 (59%) below the US national median of $1,965/mo. Within Montana, it ranks #12 out of 12 tracked cities.
Income Affordability
14%
VERY AFFORDABLE

At $813/mo, rent takes ~14% of Miles City's median household income ($67,727/yr). The standard benchmark is 30%.

Miles City 14%Benchmark 30%
State income tax4.7%
Run the Miles City affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Miles City, MT

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