Great Falls, MT Rental Market
Great Falls is a mid-sized central Montana city anchored by Malmstrom Air Force Base — home to the Air Force's ICBM missile wing and a major refueling hub — which provides a stable military employment base that sustains consistent rental demand across property types. As a regional trade and agricultural center for north-central Montana, Great Falls also serves ranching, farming, and energy-sector workers, giving it economic diversity that moderates the seasonal fluctuations common to smaller Montana markets.
Get a rent estimate for an address in Great FallsAverage Rent in Great Falls, MT
$970
per month · 2026-06
Market Score
Key Facts — Great Falls, MT Rental Market
- Average rent in Great Falls, MT:$970/mo
- Median rent:$892/mo
- Rent range:$475 – $2,150/mo
- Most common rental (2 bedrooms):$850/mo
- Active listings:320
- Avg days to lease:38 days
- Year-over-year change:+2.5%
- Median home value:$195,000
- Est. gross annual yield:6.0%
- Data as of:2026-06
Rent by Bedroom in Great Falls, MT
Average monthly rent for each bedroom type based on current active listings in Great Falls.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $700/mo |
2 Bedrooms | $850/mo |
3 Bedrooms | $1,075/mo |
4 Bedrooms | $1,350/mo |
5 Bedrooms | $1,525/mo |
Great Falls Rental Market Statistics
Key indicators from the current Great Falls, MT rental market.
320
Available now in Great Falls
38
From list to lease
$0.78
Average across listings
1,250 sq ft
Typical rental size
$475 – $2,150
Min to max active listings
+2.5%
Avg rent vs. prior year
Investing in Great Falls, MT Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$195,000
Typical purchase price in Great Falls
Est. Gross Annual Yield
6.0%
Before expenses & vacancy
Avg Monthly Income
$970
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Great Falls for a full cash-flow breakdown including all costs.
Great Falls, MT Rental Market FAQ
Common questions about renting and investing in Great Falls, MT.
What is the average rent in Great Falls, MT?
The average rent in Great Falls, MT is $970 per month as of 2026 — the most affordable in our Montana coverage. One-bedroom apartments average $700/mo, two-bedrooms average $850/mo, and three-bedroom homes average $1,075/mo. Neighborhoods near Malmstrom AFB see the most consistent demand, while the historic downtown and River Drive areas offer character properties at accessible rents.
Is Great Falls, MT a good place to invest in rental property?
Great Falls offers a 6.0% estimated gross yield — the highest in our Montana coverage — driven by a $195,000 median home value that is among the most affordable in the Northern Rockies. Malmstrom AFB's personnel with BAH housing allowances provide a reliable base of tenants, and the city's regional hub status creates steady working-class and healthcare employment demand. Best suited for investors prioritizing cash flow and low acquisition costs.
How competitive is the Great Falls, MT rental market?
Great Falls has approximately 320 active listings and averages 38 days on market — the slowest pace in our Montana coverage, reflecting its smaller size and more measured growth. Military families from Malmstrom AFB represent the most consistent tenant demand, with the PCS season (spring/summer) creating the year's busiest leasing period. Properties near the base and in the Riverview neighborhood move faster than the broader market average.
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