Bozeman, Montana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Bozeman, Montana rental market.
Bozeman, Montana
Average Apartment Rent
$2,136
Y-o-Y Change in Average
Apartment Rent
-4.3%
As of May 2026
Compared to a year ago, Bozeman, Montana apartments have recorded a -4.3% rent decrease.
Bozeman, Montana Average apartment rent trend
Bozeman, Montana Average Apartment Rent
Bozeman, Montana Apartment rent ranges
At 47.65%, apartments priced $1,500 - $2,000 represent the bulk of Bozeman, Montana rentals, while condos priced Under $1,000 hold the lowest share of the market – 1.51%.
Bozeman, Montana Housing tenure**
Renters take up 56% of Bozeman, Montana real estate, occupying a total of 12,400 units, while homeowners live in 9,641 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$56,715
Average household size of renter-occupied housing units**
2.18
Rental vacancy rate**
4.3%
Bozeman, Montana Renter-occupied housing units by no. of bedrooms**
There are 5,837 rentals in Bozeman, Montana with 2 beds making up the highest share of the market, at 47%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 146 units. Overall, the median number of rooms in Bozeman, Montana homes for rent is 4.1.
Bozeman, Montana Renter-occupied units by age of householder**
Most condos for rent in Bozeman, Montana are occupied by residents in the 25 - 34 years age group (35%), followed by those in the 15 - 24 years age group (28%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Bozeman, Montana Renter-occupied housing units by family type**
Bozeman, Montana Renter-occupied housing units by the presence of own children**
A total of 3,892 apartments for rent in Bozeman, Montana, or 31% of all rentals are family households. Additionally, 13% of rental homes include children under the age of 18 – that’s 1,651 units. All in all, the median size of a renter-occupied household in Bozeman, Montana is 2.18.
Bozeman, Montana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 49% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Bozeman, Montana.
Bozeman, Montana Renter-occupied units by year structure built**
The highest share of Bozeman, Montana apartment rentals, namely 28% or 3,423 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (16%, 1,934 units), and the ones Built 1990 - 1999 (14%, 1,736 units).
Bozeman, Montana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Bozeman, Montana renters (50%) moved in 2018 to 2020, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Bozeman, Montana condos for rent is 2019.
Bozeman, Montana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of Bozeman, Montana renters have 2 vehicles available per household, 36% of them have 1 vehicle available, and 14% have 3 vehicles available.
Bozeman, Montana Means of transportation to work of householders living in renter-occupied housing units**
Bozeman, Montana Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Bozeman, Montana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
