View. For FY 2021, the Gallatin County, MT (Gallatin County) rent for a studio or efficiency is $783 per month and $1,905 per month to rent a house or an apartment with 4 bedrooms. Transportation Car-Dependent 44 out of 100 WalkScore Rating Look out for the rent special icon! Parkline Towers set to break ground Tuesday in Kalispell Thats not the lowest energy bill across the 50 states, but its certainly within the top 10. Apply to multiple properties within minutes. You must save a search in order to receive alerts. One-Time Checkup with a Financial Advisor, 7 Mistakes You'll Make When Hiring a Financial Advisor, Take This Free Quiz to Get Matched With Qualified Financial Advisors, Compare Up to 3 Financial Advisors Near You. Montana Housing Market: Prices, Trends, Forecast 2023 First, the population of Montana is expected to continue growing in the coming years, which is likely to support the ongoing demand for housing. Collections & Holdings: The following laws apply to the collection and holding of security deposits: Returns & Deductions: The following laws apply to the return of security deposits: Notice Requirements: Tenants on a periodic lease in Montana who wish to break their lease must give the following amounts of advance notice: Early Termination: Montana tenants may legally break a lease early for the following reasons: Montana tenants who break a lease early may still be required to pay all the remaining rent owed on the lease term. 1 Floor Plan 2+ Beds2 Baths $1,675-$1,925 1,033-1,266 Sqft 2 Floor Plans (406) 389-4205 Schedule a Tour Pet Friendly 7+ days ago 9 Units Available Granite Peak Apartments 920 Malibu Way #1, Billings, MT 59106 2 Beds1 Bath $1,249-$1,399 406-755-7000. Parkline Towers will be connected to the city sewer system under Seventh Avenue East North and a water main under East Idaho Street, according to Doug Peppmeier, civil engineer with TD&H Engineering. Montana Landlord Tenant Laws [2023 ]: Renter's Rights & FAQs Check out the photos and floor plans to envision how youll make your new one bedroom apartment your own. Filed Under: Housing Market Tagged With: Housing Market Forecast, Montana Housing Market, Montana Housing Market Forecast. in the palm of your hand throughout your rental journey. If you want to go back to school in Montana or send your kids to a state school, youre in luck. All Rights Reserved. The Fair Market Rent in Montana ranges from $734 for a 2-bedroom apartment in Blaine County, MT to $1,100 for a 2-bedroom unit in Gallatin County, MT . While the economy has been recovering from the pandemic-induced recession, there are still many unknowns, including the impact of rising inflation and the potential for future shocks to the system. Buyers took advantage of rate dips in mid-January and early February, indicating their willingness to enter the market. Looking ahead to April 2024, the forecast suggests a significant growth rate of 5.5% in the Billings MSA. Its a small state in terms of population, with a little over one million residents. This and other factors has resulted in Montana holding a $386,354 median home value as a state. Refusing to rent or sell on a bona fide offer. Find units and rentals including luxury, affordable, cheap and pet-friendly near me or nearby! Housing Authorities and Tribal Housing Authorities in Montana This collection of contact info for all of Montanas local housing authorities can make it easier for landlords and tenants to get the support they need. These trends indicate that the market has become tighter, with limited inventory. (Photo: NBC Montana Sky Team) You may be able to negotiate rental rates with landlords, but some landlords may be firm about their apartment rental rates and cannot negotiate them with you. Looking ahead to April 2024, the forecast indicates a growth rate of 6.1% in the Butte MSA. Apartment rent in Missoula has decreased by -5.2% in the past year. Apartments for Rent in East Helena, MT - Find Apartments & Houses for Rent April 8, 2023 Thinking about moving to the Treasure State? Before increasing the rent, landlords must give at least 30 days notice to month-to-month tenants and 7 days notice to tenants on a week-to-week lease. Privacy Policy Before you move, though, its a good idea to have a sense for the cost of living in the state. With 1525 rentals available today, Montana is sure to have your next home in its inventory. So if you want room to spread your legs, Montana might be the place for you. Montana landlords are required to make the following mandatory disclosures: Montana does not allow unilateral lock changes. Icon Apartment Homes at Ferguson Farm. View Official Darby Apartments for Rent. We continue to hear rumors of a market crash, but local data does not corroborate this at this time. Anaconda Apartments for Rent | Anaconda, MT - Apartments and Homes For Rent Darby Apartments for Rent | Darby, MT - Apartments and Homes For Rent A Premier Turnkey Investment Marketplace For Investors, Newly Listed Investment Properties For Sale In Affordable Growth Markets, Join our Real Estate Investment Group (FREE). Officials break ground at a ceremony for the Parkline Towers apartment buildings in Kalispell on Tuesday, June 20. In the states largest city, Billings, the average monthly cost of standard utilities (electricity, heating, air conditioning, water, and garbage) is $114.87. Finally, the Montana housing market has proven to be resilient in the face of past economic downturns. The current conditions in Montana's real estate market benefit home buyers, with lower sales, prices, and longer days on the market. One more added bonus, renting a studio requires far less cleaning due to the smaller square footage. Studio apartments are the least common, with a total of 25 listings available. Discriminatory Acts & Penalties: An outside organization known as Montana Fair Housing handles cases relating to housing regulations and discrimination. The U.S. national average is $1,148. Act now and your $ purchase will include 9 additional FREE application submissions to participating properties. The cost of utilities is also an important consideration when learning about the cost of living in Montana. The increase in Montana house listing prices is causing homes to be on the market for a long. If you live in the area, you can get an annual pass for $70. Taking into account various factors such as housing inventory, price gains, home sales, interest rates, and larger economic indicators, the real estate market in Montana can be evaluated. If repairs arent made in a timely manner, Montana tenants can sue for costs, or a court order to force the landlord to make repairs. Keep Apartments for Rent in Montana | Apartments.com See pictures, prices, floorplans, videos and detailed info for 11 available apartments in Darby, MT starting from $715. How Rising Interest Rates Affect Real Estate Investors, San Jose Housing Market: Prices, Trends, Forecast 2023, Bay Area Housing Market: Prices, Trends, Forecast 2023. 1 Bedroom Apartments for Rent in Montana | Apartments.com Price More Sort Nearby (30) 419 1 Bedroom Apartments Available Inter Urban 2.0 501 S 44th St W, Billings, MT 59106 $1,525 - 1,540 1 Bed Dog & Cat Friendly Fitness Center Pool Dishwasher Refrigerator In Unit Washer & Dryer Walk-In Closets Clubhouse (406) 500-5454 InterUrban Apartments 2.0 Mortgage rates in the first quarter of 2023 exhibited less volatility than the previous year, despite the brief but significant impact of the early March banking crisis. Being that Montana is one of the most sparsely populated states in the U.S., it should come as no surprise that its housing market isnt especially strong. This article will help you learn how the laws in your state handle everything from security deposits to termination notices so you can navigate these with ease. Many cities in Montana have their own landlord-tenant laws in addition to the state requirements. Offering different terms, conditions, or privileges. However, over half of the counties surveyed experienced price increases quarter over quarter. GRAPH We analyze our active inventory in real-time to find trends in rent prices across the country. Use our detailed filters to find the perfect place, then get in touch with the property manager. Homes in Missoula County sold the fastest, while homes in Flathead County took the longest to sell. New! Terms & Privacy | Legal Disclaimer | Sitemap | Contact Us, report the landlord to government authorities, Housing Authorities and Tribal Housing Authorities in Montana. Some apartments for rent in Kalispell might offer rent specials. The average cost of renting a two-bedroom apartment in Montana is $823. Browse apartments for rent in Montana and live in Big Sky Country. This northwestern state is defined by the Continental Divide, which has created two distinct regions: the eastern prairies and the western snow-topped mountains. Posting advertisements that show a preference for one group over another. Landlords are, however, legally obligated to facilitate the re-renting process. Property Reviews by Verified Residents Prices Updated May 2023 Compare Listings. Montana (MT) has the Find out how, Showing 25 of 541 Results - Ask our Home Buying expert. Avg. He did point to the Meridian Apartments, also owned and operated by his companies, as a comparison, though the apartment complexes differ in layout and size. Apartments for Rent In Billings, MT - 125 Rentals Available | Zumper Apartments for Rent in Billings, MT $1,425+ 1 - 3 Beds 0 - 2 Baths 20h ago Interurban Apartment Homes 610 S 44th St W, Billings, MT 59106 Request a tour Message $1,675+ 2 - 3 Beds 2 Baths 21h ago InterPointe Apartments 501 S 44th St W, Billings, MT 59106 Request a tour Message The rental data for Bozeman, MT is updated weekly. However, the impact of the nationwide trend is starting to slowly affect the Treasure State. This anticipated move should enable mortgage rates to trend lower more consistently throughout the year, with occasional spikes. Subscribe to get our top real estate investing content. Laguna Niguel, CA 92677, Copyright 2018 Norada Real Estate Investments, https://www.windermere.com/market-update/montana, https://www.zillow.com/rental-manager/market-trends/mt/, https://fred.stlouisfed.org/series/ACTLISCOUMT#, https://www.apartmentlist.com/renter-life/cost-of-living-in-montana, https://www.mtpr.org/montana-news/2022-07-28/montanas-job-growth-in-2021-surpassed-gianfortes-first-year-goal, Housing Market News 2023: Today's Market Update, US Housing Market 2023: Trends and Insights, Real Estate Housing Market Predictions & Forecast 2023, Is it a Good Time to Buy a House or Should I Wait Until 2024, Housing Market Forecast 2024 & 2025: Predictions for Next 5 Years, Will Home Prices Drop in 2023: Housing Market Predictions 2023, Mortgage Rates Predictions & Forecast 2023, Economic Forecast 2023: Forecast for Next 5-10 Years. The 30 new senior housing units are restricted for Montana seniors 55 and older. However, because Montana is such a sparsely populated state, you may get lucky and find the apartment you want for the rate you desire. In Montana, landlords must make repairs within 14 days after getting written notice from tenants. This browser is no longer supported. - Apartment for rent 3 days ago (undisclosed Address), Jefferson City, MT 59638 $480/mo Studio 1 ba 248 sqft - Apartment for rent 13 days ago Loading. Apartment Communities Only. With this information to help you, you now know everything you need to know about the price of living in Montana. These rules do not apply to some owner-occupied homes or homes owned by religious organizations. Montana is known as a place for outdoor enthusiasts. For example, disputes regarding the return of security deposits are typically handled in Small Claims Court. in the palm of your hand throughout your rental journey. By April 2024, the forecast predicts a significant growth rate of 7.8% in the Kalispell MSA. Interestingly, the median listing price across the region was 1.4% higher than at the end of last year, indicating the market's confidence relative to the rest of the country. Rent Apartments in Montana - Apartment Guide for Montana Apartments for rent in Montana City, MT - ApartmentGuide.com 727 East Idaho Based on calculations by MIT, the living wage in Montana for a single adult with no children is $32,844 ($17.47 per hour). Apartments For Rent in Billings MT - Zillow: Real Estate, Apartments This list includes information on tribal housing authorities, which are more knowledgeable when it comes to the ways specific reservation housing laws differ from that of the state at large. The first quarter of 2023 saw a 29.6% decline in home sales compared to the same period in 2022. Disclaimer: School attendance zone boundaries are supplied by Pitney Bowes and are subject to change. Finding out the cost of renting an apartment in Montana should be at the top of your to-do list when learning about the Montana cost of living. Note: Based on community-supplied data and independent market research. The states Indian nations preserve their rich heritage during festivals and at the Little Bighorn Battlefield National Monument. Save your search and be the first to know. Average Rental Price in Montana & Market Trends - Zillow Developers broke ground on the Parkline Towers apartment complex in Kalispell on Tuesday, the project promising to add much-sought multi-family housing when completed. Promissory Notes: Definition, Types, Examples, Templates. As of June 2023, the average apartment rent in Billings, MT is $1,026 for a studio, $958 for one bedroom, $1,257 for two bedrooms, and $1,522 for three bedrooms. View Official Anaconda Apartments for Rent. These forecasts provide valuable insights into the expected growth patterns in different MSAs across Montana. Zillow, Inc. holds real estate brokerage licenses in multiple states. Third, there are concerns about the overall health of the economy, both in Montana and across the country. View photos, floor plans, amenities, and more. 7 Units Available (13) Icon Apartment Homes at Ferguson Farm Phase I 4555 Fallon Street, Bozeman, MT 59718 1 Bed1 Bath $2,145 719-903 Sqft 4 Floor Plans 2 Beds2 Baths $2,595 1,080-1,284 Sqft 5 Floor Plans 3 Beds2 Baths $3,095 1,255-1,343 Sqft 3 Floor Plans (406) 213-3014 Check Availability Message and data rates may apply. Home Type Houses Apartments/Condos/Co-ops Townhomes Apply More More filters Move-in Date Square feet - Lot size - Year built - Basement Has basement Number of stories Single-story only Tours Must have 3D Tour Pets Allows large dogs Allows small dogs Allows cats Other Amenities Must have A/C Must have pool Waterfront On-site Parking Let Apartments.com welcome you home to the perfect cozy 1 bedroom apartment. Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Montana. Email me listings and apartment related info. If you are planning to move to another state, a financial advisor can help you create a financial plan for your goals. Homebuyers, sellers, and investors can utilize this information to make informed decisions in the real estate market, taking into account the specific conditions and potential growth rates in each region. 100 Best Cheap Apartments in Montana (with reviews) | RentCafe Contact Property 1 day ago Compare 712-724 12th St N 712-724 12Th St N, Great Falls, MT 59401 2 BEDS $1,000+ Contact Property 1 day ago Compare 725 2nd Ave S Uptown Lofts, 725 (721) 2Nd Ave S, Great Falls, MT 59405 1 BED $850 Contact Property 1 day ago Compare Aspen Village Apartments 3010 11Th Avenue S., Great Falls, MT 59405 2 BEDS 3 BEDS 4 BEDS An award-winning writer with more than two decades of experience in real estate. Used under license. Developers broke ground on the Parkline Towers apartment complex in Kalispell on Tuesday, the project promising to add much-sought multi-family housing when completed. Sq. Apartments for Rent In Bozeman, MT - Zumper - Houses, Condos, and Speaking at the groundbreaking ceremony, Kalispell Chamber of Commerce President Lorraine Clarno celebrated the project, citing the need for housing in the area. See the topics below for more information. Save your current search and get the latest updates on new listings matching your search criteria! We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. Although apartments this cheap are available, remember that you may end up spending a little more money on an apartment you want because of renter competition. When trying to find a cheap apartment in Montana, keep the following tips in mind: You need to consider many factors when youre trying to find a cheap apartment in Montana. Apartments.com has the most extensive inventory of any apartment search site, with over one million currently available apartments for rent. Despite these concerns, many experts believe that a housing market crash in Montana is unlikely in 2023. Developer Brent Brown hopes to be renting them out by 2025. For a one-bedroom apartment, the Montana monthly average cost is $641, while the national average is $930. Rent Trends. Find your next apartment in Missoula MT on Zillow. Apartments for Rent In Culbertson, MT - Zumper - Houses, Condos, and Average Rent in Bozeman, MT and Cost Information - Zumper Closets and cabinets help your studio feel more organized and spacious, avoiding a cramped or claustrophobic environment. Despite the significantly higher mortgage rates, the market has shown resilience and has been reluctant to give up the gains in home values seen during the pandemic period. 2021 Fair Market Rent in Montana | RentData.org Check with the applicable school district prior to making a decision based on these boundaries. This is not an offer to buy or sell any security or interest. Moving to a new state can have a big impact on your finances, and a financial advisor can be a real help in navigating those changes. Or sign in if you already have an account, 4215 Montana Sapphire Dr, Billings, MT 59106, *Please enter your address or point of interest. . 100 Best Apartments in Lewistown, MT (with reviews) | RentCafe If you want to avoid having to own a car, moving to Montana might be a little bit of a struggle. 'Mayor Bowser help us!'; Fear mounts after 3rd shooting in DC apartment Let Apartments.com help you find your perfect fit. All rights reserved. The median rent for all bedrooms and all property types in Montana is $1,826. Save your current search and get the latest updates on new listings matching your search criteria! While this may not be a problem for those who can afford to pay high prices, it is likely to limit the number of potential buyers in the market, which could lead to a slowdown in demand. By April 2024, the forecast suggests a growth rate of 6.1% in the Helena MSA. Beds. In addition to having laws that address general issues like repairs and security deposits, most states, including Montana, grant rights and responsibilities about things like lock changes and a landlords right to entry. Whether youre looking for an apartment, house, townhouse or condo, you can find your new Montana digs with ForRent.coms robust filters, like fireplaces and garages, short term, and dog-friendly. The housing market in Montana has seen a remarkable surge in the past few years, with increasing numbers of people moving to the state to enjoy its scenic beauty and the many opportunities it offers. Second, the state's economy is generally healthy, with low unemployment rates and a diverse range of industries. While there may be some bumps in the road, the state's strong fundamentals and growing population are likely to support continued growth in the years to come. Nevertheless, the low levels of inventory may pose a challenge to the market's growth. Residents can ski, hunt, dog sled, hike, horseback ride, and watch wildlife in 50 state parks, including Glacier and Yellowstone national parks. Average Retirement Savings: How Do You Compare? Apartments.com 22 Furnished Apartments for rent in Kalispell, MT Furnished apartments in Kalispell can save you a ton of time, money and stress. Use our search filters to browse all 2 apartments and score your perfect place! The cheapest 1 bedroom apartment for rent in Montana has a monthly rent of $1,065 while the most expensive 1 bedroom apartment has a monthly rent of $5,224. 1 Bedroom Apartments for Rent in Montana | Apartments.com "Best value" units are located in buildings rated three stars or higher. The forecast suggests that rates will remain below 6% in the second half of 2023. Apartment communities regularly advertise deals for new residents. TheInstarent feature allows you to apply to rent your apartment without competition and get notified about your approvalin as little as 24 hours. Rents will be restricted for seniors at those income levels. If repairs aren't made in a timely manner, Montana tenants can sue for costs, or a court order to force the landlord to make repairs. The U.S. national average is $1,148. We make the lives of landlords, tenants and real estate investors easier by giving them the knowledge and resources they care most about. Brown believes the apartments will be ideal for young professionals and families. However, there is growing concern that this trend may not be sustainable and that a housing market crash could be on the horizon. While there are certainly risks to the economy, including the potential for inflation and supply chain disruptions, the overall outlook is positive. Once youve decided on these primary factors, its time for you to start your search. Just click on any of these 426 Montana 1 bedroom rentals to get more verified information about availability, neighborhoods, schools, and more. 20 Best Apartments In Kalispell, MT (with pictures)! - More than 5 Check your local county and municipality for additional regulations, and see the resources below for general information. His mission is to help 1 million peoplecreate wealthandpassive incomeand put them on the path tofinancial freedomwith real estate. And need to have incomes at or below about $44,000 a year. A landlord locking a tenant out through a lock change is performing an illegal self help eviction. Get a great Great Falls, MT rental on Apartments.com! You can trust Apartments.com to find your next Montana rental. The fare on Great Falls bus service costs a minuscule $1. Missoula It's known as the "Garden City" for its dense trees and beautiful landscape, which seems prettiest on the 200-acre campus of the University of Montana. How Much Do I Need to Save for Retirement? ranges from They usually must give at least 24 hours of advance notice before entering. In summary, the needle on the market's speedometer is currently in the balanced area but tilted slightly toward home sellers. Choose from 33 apartments for rent in Montana City, Montana by comparing verified ratings, reviews, photos, videos, and floor plans. Several factors are contributing to this concern. Most regions showed a similar change in trajectory, except Billings, which witnessed a loss of 400 jobs in the past 12 months. Use our detailed filters to find the perfect place, then get in touch with the property manager. Note: These rights exist regardless of what the rental agreement says. in the palm of your hand throughout your rental journey. Located on Meridian Court on the citys westside, Meridian Apartments rental website lists one-bedroom apartments from $1,250 per month and two-bedrooms starting at $1,650. You can source aone-bedroom apartment for as low as $825 a month and a two-bedroom apartment for a minimum cost of approximately $950 per month. So, there are around 154,478 people in Montana who could be receiving housing benefits from the HUD. However, pending sales rose by 14.1% quarter over quarter, suggesting the possibility of higher closings in the second quarter. The state unemployment rate in February decreased to 2.4%, down from 2.5% in the first quarter of 2022. Despite the high listing prices, demand in the state remains robust, resulting in rapid property sales. Consent is not a condition for services. copyright 2023 List of FDIC-Insured Banks in 2023: Is Your Bank Insured? About the ratings: GreatSchools ratings are based on a comparison of test results for all schools in the state. We label apartment rentals that are priced significantly less than similar high-quality units nearby. 4 br, 2.5 bath House - 3178 Catkin Lane Un 2 br, 2 bath House - 3014 W. Villard Unit A, 3 br, 2.5 bath House - 426 Pond Lily Drive, 3 br, 3.5 bath House - 3089 South 27th Ave. The population in The average cost of renting a two-bedroom apartment in Montana is $823. Atwo-bedroom apartmentcan rent for as low as $800 per month. Photo credit: iStock.com/AndrewSoundarajan, Apartment List, iStock.com/edb3_16. Florida Real Estate Forecast Next 5 Years: Will it Crash? It is unclear what kind of penalties landlords face for discrimination. Find Montana Apartment Rentals and House Rentals | Rent. In fact, Montana has just 6.8 people per square mile, compared to the U.S. average of 87.4 per square mile, according to the U.S. Census Bureau.
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