RentData

Average Rent in Stillwater County, MT Rents falling 17.5% YoY🔻 2nd cheapest in MT

HUD FY2021 · Official government data · Updated annually · Metro pop. 9,052

Data review: HUD FY2021Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction
⚠️ Data notice: The most recent HUD data available for this area is FY2021. HUD may have reclassified this metro — figures may not reflect current market conditions.

Market Overview

Stillwater County, MT has rental prices ranging from $591/month to $1,323/month in 2021, depending on unit size. The typical 1-bedroom apartment rents for $645/month — 54% below the national average of $1,400/month. With a median household income of $81,503/year, spending $645/month on a 1-bedroom represents 9% of gross income — within the recommended 30% threshold.

How Stillwater County Compares

With an average 2-bedroom rent of $844/month, Stillwater County ranks #56 most expensive of the 57 cities tracked in Montana — more affordable than 94% of all US cities in our data.

The Stillwater County Rental Market

The Stillwater County, MT area has a population of about 9,052 and 19% 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 Stillwater County, MT have fallen by $179/month (17.5%) over the past year, from $1,023 to $844. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.

Affordability

To afford a 1-bedroom apartment in Stillwater County, MT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $25,800. The local median household income of $81,503 exceeds that threshold by $55,703, making Stillwater County relatively accessible compared to local wages.

Economy & Jobs

Stillwater County, MT has an unemployment rate of 2.7%, 1.2 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 FY2021
Studio
$591
Affordable
1 Bedroom
$645
Affordable
2 Bedrooms
$844
17.5% YoY
Affordable
3 Bedrooms
$1,208
Affordable
4 Bedrooms
$1,323
Affordable
🔔
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Is Stillwater County, MT Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$33,760/year
Local median income: $81,503
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $844/month and 20% down on a home at 7% rate.

Nearby Cities in MTlargest metros in the state

CityStudio1BR2BR3BRHome Value
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
Lewis and Clark County$1,094$1,259$1,596$2,106

Rent or Buy in Stillwater County?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Stillwater County data

$
Home Value
$350,000
2BR Rent
$844/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏢 Rent

Renting appears to be the better financial choice for this scenario.

Total monthly buy cost: $2,577/movs rent: $844/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Stillwater County

Cost of living, job market, crime rates, and moving cost estimates.

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Frequently Asked Questions

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🏘️Neighborhoods in Stillwater County

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💵Rent Affordability in Stillwater County

Salary needed to afford rent here

🗺️All Cities in MT

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📋MT Tenant Rights

Deposit limits, eviction laws & renters protections