Fair Market Rent in Yellowstone County, MT

FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.

$1,003studio

$1,1321 bedroom

$1,4322 bedrooms

$1,9833 bedrooms

$2,2614 bedrooms

HUD's FY2027 Fair Market Rent for a 2-bedroom home in Yellowstone County is $1,432 a month, +1.1% from FY2026. Yellowstone County is part of the Billings, MT HUD Metro FMR Area (a metro 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	$1,003	$1,016	-1.3%	$903–1,103
1 bedroom	$1,132	$1,109	+2.1%	$1,019–1,245
2 bedrooms	$1,432	$1,417	+1.1%	$1,289–1,575
3 bedrooms	$1,983	$1,951	+1.6%	$1,785–2,181
4 bedrooms	$2,261	$2,216	+2%	$2,035–2,487

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 Yellowstone 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
59002	Acton	$1,490	–	$1,135
59006	Ballantine	$1,280	–	–
59015	Broadview	$1,380	–	–
59024	Custer	$1,440	–	$420
59037	Huntley	$1,370	–	–
59044	Laurel	$1,310	$747	$967
59079	Shepherd	$2,060	–	$1,744
59088	Worden	$1,280	–	$907
59101	Billings	$1,360	$999	$972
59102	Billings	$1,470	$1,150	$1,180
59105	Billings	$1,630	$1,164	$1,294
59106	Billings	$1,780	$1,549	$1,545

Check a rent All of Montana

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.