Rent vs Buy in Bozeman, MT
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Bozeman, MT
Price-to-rent ratio is 28.5 (under 15 favors buying, over 21 favors renting). Renting costs $2,109/mo; owning runs about $5,327/mo — $3,218/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $3,764 |
| Property tax | $662 |
| Home insurance | $301 |
| Maintenance | $601 |
| Total to own | $5,327 |
| Average 2BR rent | $2,109 |
Based on a median home value of $721,678 with a $144,336 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.