Average Rent in Fallon County, MT↑ Rents rising 42.6% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 2,817
Market Overview
Fallon County, MT has rental prices ranging from $996/month to $2,167/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,044/month — 25% below the national average of $1,400/month. With a median household income of $72,284/year, spending $1,044/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.
How Fallon County Compares
With an average 2-bedroom rent of $1,358/month, Fallon County ranks #20 most expensive of the 57 cities tracked in Montana — pricier than 88% of all US cities in our data.
The Fallon County Rental Market
The Fallon County, MT area has a population of about 2,817 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.
Rent Trends
2-bedroom rents in Fallon County, MT have risen by $406/month (42.6%) over the past year, from $952 to $1,358. 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 Fallon County, MT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $41,760. The local median household income of $72,284 exceeds that threshold by $30,524, making Fallon County relatively accessible compared to local wages.
Economy & Jobs
Fallon County, MT has an unemployment rate of 2.3%, 1.6 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 Fallon 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 Fallon County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Fallon County data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Living in Fallon County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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Compare rent & home prices by neighborhood
💵Rent Affordability in Fallon CountySalary needed to afford rent here
🗺️All Cities in MTSee how Fallon County ranks statewide
⚖️Compare Fallon CountySide-by-side rent & cost of living with any city
📋MT Tenant RightsDeposit limits, eviction laws & renters protections