Average Rent in Phillips County, MT↑ Rents rising 4.1% YoY🔻 3rd cheapest in MT
HUD FY2025 · Official government data · Updated annually · Metro pop. 4,224
Market Overview
Phillips County, MT has rental prices ranging from $691/month to $1,503/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $851/month — 39% below the national average of $1,400/month. With a median household income of $58,156/year, spending $851/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.
How Phillips County Compares
With an average 2-bedroom rent of $942/month, Phillips County ranks #55 most expensive of the 57 cities tracked in Montana — pricier than 54% of all US cities in our data.
The Phillips County Rental Market
The Phillips County, MT area has a population of about 4,224 and 25% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Phillips County, MT have risen by $37/month (4.1%) over the past year, from $905 to $942. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Phillips County, MT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $34,040. The local median household income of $58,156 exceeds that threshold by $24,116, making Phillips County relatively accessible compared to local wages.
Economy & Jobs
Phillips County, MT has an unemployment rate of 2.8%, 1.1 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.
Fair Market Rents
HUD FY2025Is Phillips County, MT Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in MTlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Stillwater County | $877 | $928 | $1,218 | $1,705 | — |
| Billings | $1,013 | $1,062 | $1,373 | $1,888 | — |
| Missoula | $1,121 | $1,339 | $1,604 | $2,248 | — |
| Gallatin County | $1,448 | $1,626 | $2,087 | $2,924 | — |
| Flathead County | $1,202 | $1,249 | $1,639 | $2,184 | — |
| Great Falls | $903 | $948 | $1,244 | $1,743 | — |
Rent or Buy in Phillips County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Phillips County data
Buying breaks even after 5 years — worth it if you stay 5+ years.
Living in Phillips County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Phillips CountySalary needed to afford rent here
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