Icon Apartment Homes at Ferguson Farm
4555 Fallon St,
Bozeman, MT 59718
1-3 Beds | $1,679 - $5,797
Rental Market Trends in Bozeman, MT
What is the average rent in Bozeman, MT?
$1,907/month
Average Rent
726 Sq Ft
Average Apartment Size
-2.8%
Decrease in the Last Year
As of March 2025, the average rent in Bozeman, MT is $1,907 per month. This is 22% higher than the national average rent price of $1,560/month, making Bozeman one of the most expensive cities in the US. When you rent an apartment in Bozeman, you can expect to pay about $2,095 per month for a studio, $1,907 for a one-bedroom apartment, and around $2,199 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,583 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Bozeman, MT?
In the past year, rent has decreased by 2.8%, which averages out to $52 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Bozeman, MT
Last Updated March 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
4%
$700 - $1,000/month
11%
$1,001 - $1,500/month
31%
$1,501 - $2,000/month
52%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Bozeman?
Based on current rent prices, Bozeman/Yellowstone Country is the most affordable neighborhood in Bozeman.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Bozeman?
Based on current rent prices, Bozeman/Yellowstone Country is the most expensive neighborhood in Bozeman.
Neighborhood
Average Rent
Average Sq Ft
Which Bozeman neighborhoods have the most rentals available?
The neighborhood in Bozeman with the most apartments available is Bozeman/Yellowstone Country .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Bozeman, MT?
Because the average rent in Bozeman is $1,907, you’ll want to make about $6,356 per month or $76,272 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Bozeman, MT is 21.0% higher than the national average. Generally, housing in Bozeman is 50.3% more expensive than the national average, with rent falling between $1,907 - $2,583. You can expect to pay 7.1% more for groceries, 6.2% less for utilities, and 1.8% more for transportation.
How does Bozeman, MT compare to other nearby cities and neighborhoods?
Use the tool below to compare Bozeman, MT to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$2,080/month
$2,080/month
One Bedroom
$1,880/month
$1,880/month
Two Bedroom
$2,182/month
$2,182/month
Three Bedroom
$2,588/month
$2,588/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.