Rent by ZIP · Yellowstone County
Rent in Shepherd, MT 59079
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,060 (+4% vs FY2026). Renters in this ZIP code pay a median $1,744 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,440 | $1,420 | +1.4% | $1,296–1,584 | – |
| 1 bedroom | $1,630 | $1,550 | +5.2% | $1,467–1,793 | – |
| 2 bedrooms | $2,060 | $1,980 | +4% | $1,854–2,266 | – |
| 3 bedrooms | $2,850 | $2,730 | +4.4% | $2,565–3,135 | $1,821 ±$197 |
| 4 bedrooms | $3,250 | $3,100 | +4.8% | $2,925–3,575 | – |
Small Area FMRs for the Billings, MT HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Billings, MT HUD Metro FMR Area, 2 bedrooms: $1,432.
What renters pay in 59079
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 59078 | Shawmut | $1,250 | – |
| 59077 | Sand Springs | $1,100 | – |
| 59081 | Silver Gate | $1,770 | – |
| 59076 | Sanders | $1,550 | – |
| 59075 | Saint Xavier | $1,370 | – |
| 59074 | Ryegate | $1,320 | – |
Fair Market Rents across Yellowstone County, MT · All MT counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.