Great Falls, 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 Great Falls, Montana rental market.
Great Falls, Montana
Average Apartment Rent
$1,586
Y-o-Y Change in Average
Apartment Rent
5%
As of March 2026
Compared to a year ago, Great Falls, Montana apartments have recorded a 5% rent increase.
Great Falls, Montana Average apartment rent trend
Great Falls, Montana Average Apartment Rent
Great Falls, Montana Apartment rent ranges
At 60.78%, apartments priced $1,500 - $2,000 represent the bulk of Great Falls, Montana rentals, while condos priced $2,000 - $2,500 hold the lowest share of the market – 3.49%.
Great Falls, Montana Housing tenure**
Renters take up 34% of Great Falls, Montana real estate, occupying a total of 8,691 units, while homeowners live in 17,029 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$35,773
Average household size of renter-occupied housing units**
2.09
Rental vacancy rate**
5.4%
Great Falls, Montana Renter-occupied housing units by no. of bedrooms**
There are 3,628 rentals in Great Falls, Montana with 2 beds making up the highest share of the market, at 42%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 136 units. Overall, the median number of rooms in Great Falls, Montana homes for rent is 4.
Great Falls, Montana Renter-occupied units by age of householder**
Most condos for rent in Great Falls, Montana are occupied by residents in the 25 - 34 years age group (25%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 5%.
Great Falls, Montana Renter-occupied housing units by family type**
Great Falls, Montana Renter-occupied housing units by the presence of own children**
A total of 3,501 apartments for rent in Great Falls, Montana, or 40% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 2,296 units. All in all, the median size of a renter-occupied household in Great Falls, Montana is 2.09.
Great Falls, Montana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 18% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Great Falls, Montana.
Great Falls, Montana Renter-occupied units by year structure built**
The highest share of Great Falls, Montana apartment rentals, namely 22% or 1,873 units, were Built 1960 - 1969, followed by those Built 1970 - 1979 (17%, 1,459 units), and the ones Built 1939 or earlier (16%, 1,366 units).
Great Falls, Montana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Great Falls, Montana renters (39%) moved in 2018 to 2020, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Great Falls, Montana condos for rent is 2018.
Great Falls, Montana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 55% of Great Falls, Montana renters have 1 vehicle available per household, 22% of them have 2 vehicles available, and 16% have No vehicle available.
Great Falls, Montana Means of transportation to work of householders living in renter-occupied housing units**
Great Falls, 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 Great Falls, 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
