Average Rent in Mineral County, MT↑ Rents rising 45.7% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 4,796
Market Overview
Mineral County, MT has rental prices ranging from $968/month to $1,919/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,043/month — 25% below the national average of $1,400/month. With a median household income of $61,117/year, spending $1,043/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.
How Mineral County Compares
With an average 2-bedroom rent of $1,319/month, Mineral County ranks #22 most expensive of the 57 cities tracked in Montana — pricier than 87% of all US cities in our data.
The Mineral County Rental Market
The Mineral County, MT area has a population of about 4,796 and 20% 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 Mineral County, MT have risen by $414/month (45.7%) over the past year, from $905 to $1,319. 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 Mineral County, MT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $41,720. The local median household income of $61,117 exceeds that threshold by $19,397, making Mineral County relatively accessible compared to local wages.
Economy & Jobs
Mineral County, MT has an unemployment rate of 3.3%, 0.6 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 Mineral 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 Mineral County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Mineral County data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Living in Mineral County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Mineral CountySalary needed to afford rent here
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