Average Rent in Great Falls, MT↑ Rents rising 27.1% YoY

Great Falls, MT has rental prices ranging from $903/month to $1,977/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $948/month — 32% below the national average of $1,400/month. With a median household income of $66,203/year, spending $948/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Great Falls Compares

With an average 2-bedroom rent of $1,244/month, Great Falls ranks #30 most expensive of the 57 cities tracked in Montana — pricier than 84% of all US cities in our data.

The Great Falls Rental Market

The Great Falls, MT area has a population of about 84,601 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 Great Falls, MT have risen by $265/month (27.1%) over the past year, from $979 to $1,244. 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 Great Falls, MT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $37,920. The local median household income of $66,203 exceeds that threshold by $28,283, making Great Falls relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Great Falls, MT is $342,702, giving a price-to-rent ratio of 23.0. With a break-even horizon of approximately 23 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Great Falls, MT Affordable?

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

Rent or Buy in Great Falls?

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

Living in Great Falls

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