FY2026 Fair Market Rents — Bozeman, MT MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,485
1BR
$1,642
2BR
$2,154
3BR
$2,996
4BR
$3,537
Hours/week at min wage
158 hrs
to afford the 2BR FMR @ $10.55/hr (MT)
National rank
#45
of 661 U.S. metros (top 8% most expensive)
Voucher payment standard
$1,939–$2,369
PHAs set HCV payment at 90–110% of the 2BR FMR
Bozeman, MT MSA
Metropolitan area · MT · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,485 | $17,820 |
| 1-Bedroom | $1,642 | $19,704 |
| 2-Bedroom | $2,154 | $25,848 |
| 3-Bedroom | $2,996 | $35,952 |
| 4-Bedroom | $3,537 | $42,444 |
FY2026 Income Limits
Area Median Income (AMI): $130,200
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $27,350 | $31,250 | $35,150 | $39,050 | $42,200 | $45,300 |
| 50% AMI (Very Low) | $45,600 | $52,100 | $58,600 | $65,100 | $70,350 | $75,550 |
| 80% AMI (Low) | $72,950 | $83,350 | $93,750 | $104,150 | $112,500 | $120,850 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$25,848/yr
FMR as % of Area Median Income
19.9% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$86,160/yr
$7,180/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $1,139 | $1,302 | $1,464 | $1,757 | $1,887 |
| 60% AMI Maximum | $1,367 | $1,562 | $1,757 | $2,109 | $2,265 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $1,485 | $1,642 | $2,115 | $2,115 | $2,115 |
| Low HOME Rent | $1,140 | $1,302 | $1,465 | $1,627 | $1,758 |
Compare Bozeman, MT MSA With Other MT Metros
vs. Billings, MT HUD Metro FMR Area
vs. Broadwater County, MT HUD Metro FMR Area
vs. Golden Valley County, MT HUD Metro FMR Area
vs. Great Falls, MT MSA
vs. Jefferson County, MT HUD Metro FMR Area