RentData

Average Rent in Broadwater County, MT Rents rising 48.5% YoY🔺 2nd priciest in MT

HUD FY2025 · Official government data · Updated annually · Metro pop. 7,310

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Broadwater County, MT has rental prices ranging from $1,243/month to $2,703/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,426/month, near the national average. With a median household income of $63,636/year, spending $1,426/month on a 1-bedroom represents 27% of gross income — within the recommended 30% threshold.

How Broadwater County Compares

With an average 2-bedroom rent of $1,694/month, Broadwater County ranks #2 most expensive of the 57 cities tracked in Montana — pricier than 95% of all US cities in our data.

The Broadwater County Rental Market

The Broadwater County, MT area has a population of about 7,310 and 18% 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 Broadwater County, MT have risen by $553/month (48.5%) over the past year, from $1,141 to $1,694. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Broadwater County, MT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $57,040. The local median household income of $63,636 exceeds that threshold by $6,596, making Broadwater County relatively accessible compared to local wages.

Economy & Jobs

Broadwater County, MT has an unemployment rate of 2.4%, 1.5 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 FY2025
Studio
$1,243
Affordable
1 Bedroom
$1,426
Affordable
2 Bedrooms
$1,694
48.5% YoY
Average
3 Bedrooms
$2,041
Average
4 Bedrooms
$2,703
Expensive
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Is Broadwater 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
$67,760/year
Local median income: $63,636
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,694/month and 20% down on a home at 7% rate.

Nearby Cities in MTlargest metros in the state

CityStudio1BR2BR3BRHome 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 Broadwater County?

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

Should I Rent or Buy?

Break-even analysis using real Broadwater County data

$
Home Value
$350,000
2BR Rent
$1,694/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,694/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Broadwater 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 Broadwater County

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💵Rent Affordability in Broadwater County

Salary needed to afford rent here

🗺️All Cities in MT

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📋MT Tenant Rights

Deposit limits, eviction laws & renters protections