Missoula, MT Rental Market
Missoula is Montana's college town and outdoor recreation capital, home to the University of Montana and positioned at the confluence of five mountain valleys that provide exceptional access to skiing, fly-fishing, and wilderness hiking. The combination of a vibrant liberal arts university culture, a growing remote worker influx attracted by Missoula's distinctive character, and healthcare employment at Providence St. Patrick Hospital creates a diverse rental market that punches above its weight for a city its size.
Get a rent estimate for an address in MissoulaAverage Rent in Missoula, MT
$1,380
per month · 2026-06
Market Score
Key Facts — Missoula, MT Rental Market
- Average rent in Missoula, MT:$1,380/mo
- Median rent:$1,270/mo
- Rent range:$700 – $3,050/mo
- Most common rental (2 bedrooms):$1,200/mo
- Active listings:520
- Avg days to lease:30 days
- Year-over-year change:+4.0%
- Median home value:$390,000
- Est. gross annual yield:4.2%
- Data as of:2026-06
Rent by Bedroom in Missoula, MT
Average monthly rent for each bedroom type based on current active listings in Missoula.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,000/mo |
2 Bedrooms | $1,200/mo |
3 Bedrooms | $1,550/mo |
4 Bedrooms | $1,900/mo |
5 Bedrooms | $2,175/mo |
Missoula Rental Market Statistics
Key indicators from the current Missoula, MT rental market.
520
Available now in Missoula
30
From list to lease
$1.06
Average across listings
1,300 sq ft
Typical rental size
$700 – $3,050
Min to max active listings
+4.0%
Avg rent vs. prior year
Investing in Missoula, MT Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$390,000
Typical purchase price in Missoula
Est. Gross Annual Yield
4.2%
Before expenses & vacancy
Avg Monthly Income
$1,380
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 Missoula for a full cash-flow breakdown including all costs.
Missoula, MT Rental Market FAQ
Common questions about renting and investing in Missoula, MT.
What is the average rent in Missoula, MT?
The average rent in Missoula, MT is $1,380 per month as of 2026. One-bedroom apartments average $1,000/mo, two-bedrooms average $1,200/mo, and three-bedroom homes average $1,550/mo. The University District and Hip Strip on South Higgins command the highest rents, while the Rattlesnake and Grant Creek areas attract remote workers and families seeking proximity to outdoor recreation.
Is Missoula, MT a good place to invest in rental property?
Missoula offers a 4.2% estimated gross yield with 4.0% year-over-year rent growth — among the stronger in Montana. The University of Montana's 10,000+ students create persistent student rental demand, while a growing remote worker migration (Missoula has ranked among the top remote-work destinations nationally) adds high-income professional tenants. Supply is constrained by mountainous terrain, supporting long-term rent growth.
How competitive is the Missoula, MT rental market?
Missoula has approximately 520 active listings and averages 30 days on market. University of Montana students and faculty compete for properties near campus each fall, while remote workers arriving year-round add consistent pressure. The UM leasing season (March–July) creates predictable demand spikes, and properties near the Clark Fork River greenway and the Hip Strip lifestyle corridor move fastest among professional tenants.
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