Butte, 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 Butte, Montana rental market.
Average Apartment Rent in August 2022
Butte, Montana |Average apartment rent trend
Butte, Montana| Average apartment rent
Butte, Montana | Apartment rent ranges
At 53.7%, apartments priced $500 - $700 represent the bulk of Butte, Montana rentals, while condos priced $700 - $1000 hold the lowest share of the market – 46.3%.
Butte, Montana | Housing tenure**
Renters take up 30% of Butte, Montana real estate, occupying a total of 4,488 units, while homeowners live in 10,242 properties.
Median number of rooms of renter-occupied housing units**
Renter median household income**
Average household size of renter-occupied housing units**
Rental vacancy rate**
Butte, Montana | Renter-occupied housing units by no. of bedrooms**
There are 1,853 rentals in Butte, Montana with 2 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (8%), amounting to 361 units. Overall, the median number of rooms in Butte, Montana homes for rent is 4.1.
Butte, Montana |Renter-occupied units by age of householder**
Most condos for rent in Butte, Montana are occupied by residents in the 25 - 34 years age group (24%), followed by those in the 15 - 24 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Butte, Montana | Renter-occupied housing units by family type**
Butte, Montana | Renter-occupied housing units by the presence of own children**
A total of 1,694 apartments for rent in Butte, Montana, or 38% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 1,067 units. All in all, the median size of a renter-occupied household in Butte, Montana is 1.96.
Butte, Montana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 22% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Butte, Montana.
Butte, Montana | Renter-occupied units by year structure built**
The highest share of Butte, Montana apartment rentals, namely 37% or 1,652 units, were Built 1939 or earlier, followed by those Built 1960 - 1969 (16%, 711 units), and the ones Built 1970 - 1979 (11%, 490 units).
Butte, Montana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Butte, Montana renters (51%) moved in 2015 to 2016, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Butte, Montana condos for rent is 2016.
Butte, Montana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Butte, Montana renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 22% have No vehicle available.
Butte, Montana | Means of transportation to work of householders living in renter-occupied housing units**
Butte, Montana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Butte, Montana | Average apartment rent by zip codes
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 Butte, 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, 2020 American Community Survey 5-Year Estimates