The price that renters pay per month in Bozeman is significantly higher than the rest of the state’s most populous areas, with median rent in Billings currently coming in at $1,431 per month, $1,395 per month in Missoula, $1,300 per month in Great Falls and $1,475 per month in Butte.

Currently, 19,559 households in Gallatin County are renters, and 88% of them make less than the area median income, according to the 2024 Gallatin Valley Housing Report.

“In communities where rents increase dramatically over a short period of time, you hemorrhage a lot of your citizens that were just barely getting by at that income,” said Bozeman Deputy Mayor Joey Morrison.