Fair Market Rent · Montana
Fair Market Rent in Madison County, MT
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Madison County is $1,543 a month, +0.2% from FY2026. Madison County is part of the Madison County, MT (a non-metro county area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,179 | $1,154 | +2.2% | $1,061–1,297 |
| 1 bedroom | $1,211 | $1,202 | +0.7% | $1,090–1,332 |
| 2 bedrooms | $1,543 | $1,540 | +0.2% | $1,389–1,697 |
| 3 bedrooms | $2,115 | $2,073 | +2% | $1,904–2,326 |
| 4 bedrooms | $2,579 | $2,583 | -0.2% | $2,321–2,837 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Madison County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 59710 | Alder | $1,390 | – | – |
| 59716 | Big Sky | $2,230 | – | $1,341 |
| 59720 | Cameron | $1,530 | – | – |
| 59729 | Ennis | $1,980 | $791 | $1,330 |
| 59735 | Harrison | $2,130 | $1,550 | $1,575 |
| 59740 | Mc Allister | $1,780 | – | – |
| 59745 | Norris | $2,010 | – | – |
| 59747 | Pony | $1,800 | – | – |
| 59749 | Sheridan | $1,430 | $1,250 | $942 |
| 59751 | Silver Star | $1,390 | – | – |
| 59754 | Twin Bridges | $1,400 | $925 | $1,050 |
| 59755 | Virginia City | $1,390 | – | – |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.