Madison County
FY 2026 HUD Fair Market Rents in Montana. Population: 8,742.
Fair Market Rents (2026)
Studio
National avg: $893
$1,154/mo
↑ 19.0% YoY
+29% vs US
1 Bedroom
National avg: $959
$1,202/mo
↑ 23.2% YoY
+25% vs US
2 Bedroom
National avg: $1,175
$1,540/mo
↑ 21.3% YoY
+31% vs US
3 Bedroom
National avg: $1,525
$2,073/mo
↑ 35.5% YoY
+36% vs US
4 Bedroom
National avg: $1,756
$2,583/mo
↑ 21.1% YoY
+47% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $970 | $1,154 | +$184 (+19.0%) |
| 1 Bedroom | $976 | $1,202 | +$226 (+23.2%) |
| 2 Bedroom | $1,270 | $1,540 | +$270 (+21.3%) |
| 3 Bedroom | $1,530 | $2,073 | +$543 (+35.5%) |
| 4 Bedroom | $2,133 | $2,583 | +$450 (+21.1%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$48,080
$4,007/month gross
Required annual income for 2 BR
$61,600
$5,133/month gross
Other Counties in Montana
Hill County
1 BR: $1,069/mo
Powell County
1 BR: $884/mo
Treasure County
1 BR: $1,208/mo
Teton County
1 BR: $1,241/mo
Musselshell County
1 BR: $1,226/mo
McCone County
1 BR: $1,208/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.