Rental Markets in Montana

DoorBase tracks rental market data across Montana by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.

Montana Rental Market Overview

The current sample of indexable Montana ZIP markets shows average median rent of $1,214, average median home value of $454,286, average cap-rate high of 2.9%, average vacancy of 13.2%, renter ratio near 27.8%, and median household income around $68,286. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.

Montana is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.

Featured Montana ZIP Markets

ZIP	City	Rent	Cap Rate	Vacancy	Population
59901	Kalispell	$1,929	1.7-3.3%	4.8%	61,710
59102	Billings	$1,430	1.9-3.5%	5.7%	48,700
59718	Bozeman	$2,213	1.7-3.3%	6.8%	43,750
59101	Billings	$1,229	1.9-3.5%	7%	41,797
59715	Bozeman	$2,087	0.9-2.5%	8.4%	39,275
59105	Billings	$1,342	1.5-3.1%	4.5%	34,363
59701	Butte	$1,441	2.8-4.4%	11.7%	34,245
59405	Great Falls	$1,386	2.2-3.8%	7.9%	34,059
59601	Helena	$1,515	1.7-3.3%	7.4%	31,822
59801	Missoula	$1,509	1.4-3%	5.9%	31,127
59602	Helena	$1,887	1.7-3.3%	5.7%	30,379
59404	Great Falls	$1,622	2.2-3.8%	6.8%	28,127
59714	Belgrade	$2,256	2.1-3.7%	3.5%	23,897
59808	Missoula	$1,659	1.3-2.9%	4.1%	22,804
59106	Billings	$1,712	1.5-3.1%	4.4%	20,232
59802	Missoula	$1,377	1-2.6%	10.1%	19,832
59803	Missoula	$2,185	1.7-3.3%	3.5%	17,941
59912	Columbia Falls	$1,810	1.3-2.9%	11.8%	15,745
59840	Hamilton	$1,688	1.5-3.1%	11.3%	14,775
59937	Whitefish	$2,680	1.4-3%	23.9%	14,653
59401	Great Falls	$1,248	2.3-3.9%	11.1%	13,600
59047	Livingston	$1,470	1.1-2.7%	8.7%	13,491
59044	Laurel	$1,390	1.9-3.5%	3.6%	12,488
59501	Havre	$1,092	2.6-4.2%	13.2%	12,365
59870	Stevensville	$1,082	0.5-2.1%	7.5%	12,247
59301	Miles City	$850	1.7-3.3%	12.4%	11,598
59860	Polson	$1,635	1.2-2.8%	29.5%	11,580
59923	Libby	$726	0.7-2.3%	11.6%	9,885
59711	Anaconda	$1,110	1.7-3.3%	23.3%	9,464
59911	Bigfork	$2,138	1.1-2.7%	30.8%	9,316
59457	Lewistown	$877	1.4-3%	10.8%	9,215
59270	Sidney	$1,205	2.4-4%	18.2%	8,844
59635	East Helena	$1,625	1.9-3.5%	1.8%	8,382
59330	Glendive	$827	2.1-3.7%	13.7%	8,281
59725	Dillon	$804	0.7-2.3%	8.3%	8,223
59804	Missoula	$1,954	1.3-2.9%	3.6%	7,942
59417	Browning	$481	1.6-3.2%	13.5%	7,674
59864	Ronan	$841	0.6-2.2%	12.5%	7,399
59847	Lolo	$1,462	1.1-2.7%	1.3%	6,579
59833	Florence	$1,055	0.4-2%	8.5%	6,046
59828	Corvallis	$1,148	0.4-2%	5.2%	5,798
59722	Deer Lodge	$769	1-2.6%	14.1%	5,698
59741	Manhattan	$1,676	1-2.6%	3.9%	5,635
59201	Wolf Point	$725	2.7-4.3%	24.6%	5,345
59634	Clancy	$1,161	0.5-2.1%	7.1%	5,238
59917	Eureka	$1,097	0.7-2.3%	20.5%	5,086
59752	Three Forks	$1,218	0.8-2.4%	9.3%	4,982
59034	Hardin	$723	1.5-3.1%	11.3%	4,972
59427	Cut Bank	$915	3.2-4.8%	18.6%	4,955
59072	Roundup	$877	1.8-3.4%	18.5%	4,590
59230	Glasgow	$800	2.5-4.1%	14.9%	4,515
59644	Townsend	$1,022	0.8-2.4%	7%	4,337
59019	Columbus	$921	0.6-2.2%	8.7%	4,267
59859	Plains	$792	0.4-2%	13.3%	4,204
59875	Victor	$983	0.3-1.9%	11%	4,110
59079	Shepherd	$1,516	1.5-3.1%	5.2%	3,893
59425	Conrad	$869	1.6-3.2%	19.4%	3,753
59865	Saint Ignatius	$520	1.5%	9.8%	3,741
59759	Whitehall	$872	0.6-2.2%	10.7%	3,667
59521	Box Elder	$374	3.2-4.8%	10.8%	3,616

Notable ZIP Markets in This Sample

The highest estimated cap-rate band in this sample tops out at 4.8% in ZIP 59427 (Cut Bank).

The lowest vacancy in this sample is 1.3% in ZIP 59847 (Lolo).

The highest median rent in this sample is $2,680 in ZIP 59937 (Whitefish).

The highest median household income in this sample is $122,374 in ZIP 59106 (Billings).

Rental Markets by City

Missoula

Missoula has 5 ZIP codes in this sample. Median rents range from $1,377 to $2,185. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 5.4%. See ZIP 59801 for the full market profile.

Billings

Billings has 4 ZIP codes in this sample. Median rents range from $1,229 to $1,712. Estimated cap-rate bands reach up to 3.5% at the high end. Vacancy averages 5.4%. See ZIP 59102 for the full market profile.

Great Falls

Great Falls has 3 ZIP codes in this sample. Median rents range from $1,248 to $1,622. Estimated cap-rate bands reach up to 3.9% at the high end. Vacancy averages 8.6%. See ZIP 59405 for the full market profile.

Bozeman

Bozeman has 2 ZIP codes in this sample. Median rents range from $2,087 to $2,213. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 7.6%. See ZIP 59718 for the full market profile.

Helena

Helena has 2 ZIP codes in this sample. Median rents range from $1,515 to $1,887. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 6.6%. See ZIP 59601 for the full market profile.

Kalispell

Kalispell has 1 ZIP code in this sample. Sample median rent is $1,929. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 4.8%. See ZIP 59901 for the full market profile.

Butte

Butte has 1 ZIP code in this sample. Sample median rent is $1,441. Estimated cap-rate bands reach up to 4.4% at the high end. Vacancy averages 11.7%. See ZIP 59701 for the full market profile.

Belgrade

Belgrade has 1 ZIP code in this sample. Sample median rent is $2,256. Estimated cap-rate bands reach up to 3.7% at the high end. Vacancy averages 3.5%. See ZIP 59714 for the full market profile.

Columbia Falls

Columbia Falls has 1 ZIP code in this sample. Sample median rent is $1,810. Estimated cap-rate bands reach up to 2.9% at the high end. Vacancy averages 11.8%. See ZIP 59912 for the full market profile.

Hamilton

Hamilton has 1 ZIP code in this sample. Sample median rent is $1,688. Estimated cap-rate bands reach up to 3.1% at the high end. Vacancy averages 11.3%. See ZIP 59840 for the full market profile.

Whitefish

Whitefish has 1 ZIP code in this sample. Sample median rent is $2,680. Estimated cap-rate bands reach up to 3.0% at the high end. Vacancy averages 23.9%. See ZIP 59937 for the full market profile.

Livingston

Livingston has 1 ZIP code in this sample. Sample median rent is $1,470. Estimated cap-rate bands reach up to 2.7% at the high end. Vacancy averages 8.7%. See ZIP 59047 for the full market profile.

How to Use the Montana Directory

Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.

The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.

State Coverage and Internal Links

This page links into the canonical ZIP URL structure, such as /rentals/mt/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.

DoorBase currently tracks 80 sampled ZIP markets across 69 Montana cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.