Metro FMR area · MT · HUD FY 2027

Great Falls, MT Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Great Falls, MT area is $1,308 a month, 14% below the Montana average and 26% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 20 ZIP codes range from $1,160 to $1,960.

$1,3082-bedroom FMR+$24 (+1.9%) vs FY 2026
$1,0001-bedroom FMRU.S.: $1,478
$52,320Income for a 2-bedroomat 30% of income
84,606Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,308/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Great Falls, MT FMR	$1,308	$52,320	–
Montana average	$1,529	$61,159	–
U.S. average	$1,761	$70,432	–

Great Falls, MT Fair Market Rents, FY 2027 vs FY 2026
Unit	Great Falls, MT FY 2027	FY 2026	Change	Montana avg	U.S. avg	Income needed
Studio	$993	$960	+$33 (+3.4%)	$1,114	$1,379	$39,720
1 bedroom	$1,000	$979	+$21 (+2.1%)	$1,223	$1,478	$40,000
2 bedrooms	$1,308	$1,284	+$24 (+1.9%)	$1,529	$1,761	$52,320
3 bedrooms	$1,811	$1,786	+$25 (+1.4%)	$2,086	$2,266	$72,440
4 bedrooms	$1,988	$2,035	−$47 (−2.3%)	$2,430	$2,607	$79,520

Counties in this FMR area

Counties in the Great Falls, MT FMR area
County	Residents in area
Cascade County, MT	84,606

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,330.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Great Falls, MT
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
59401	$870	$890	$1,160	$1,610	$1,840	+$30 (+2.7%)	11% below
59403	$990	$1,000	$1,310	$1,810	$1,990	+$30 (+2.3%)	about the same as
59404	$1,180	$1,190	$1,550	$2,150	$2,360	+$120 (+8.4%)	19% above
59405	$1,000	$1,010	$1,320	$1,830	$2,010	+$30 (+2.3%)	1% above
59406	$990	$1,000	$1,310	$1,810	$1,990	+$30 (+2.3%)	about the same as
59412	$930	$930	$1,220	$1,690	$1,860	−$80 (−6.2%)	7% below
59414	$970	$980	$1,280	$1,770	$1,950	+$140 (+12.3%)	2% below
59421	$1,010	$1,040	$1,350	$1,870	$2,040	−$20 (−1.5%)	3% above
59436	$1,200	$1,390	$1,580	$2,180	$2,630	+$80 (+5.3%)	21% above
59440	$1,230	$1,240	$1,620	$2,240	$2,450	+$90 (+5.9%)	24% above
59443	$1,090	$1,200	$1,440	$1,990	$2,310	+$50 (+3.6%)	10% above
59463	$990	$1,000	$1,310	$1,810	$1,990	+$30 (+2.3%)	about the same as
59465	$990	$1,000	$1,310	$1,810	$1,990	+$30 (+2.3%)	about the same as
59468	$1,090	$1,200	$1,420	$1,970	$2,300	+$50 (+3.6%)	9% above
59472	$1,020	$1,020	$1,340	$1,860	$2,040	+$50 (+3.9%)	2% above
59477	$970	$1,050	$1,330	$1,840	$1,990	−$10 (−0.7%)	2% above
59480	$990	$1,000	$1,310	$1,810	$2,000	+$10 (+0.8%)	about the same as
59483	$1,110	$1,130	$1,470	$2,040	$2,230	+$130 (+9.7%)	12% above
59485	$1,490	$1,500	$1,960	$2,710	$2,980	+$580 (+42.0%)	50% above
59487	$960	$1,120	$1,260	$1,750	$1,960	+$40 (+3.3%)	4% below

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.