Montana’s wide-open spaces and breathtaking landscapes make it a dream destination for many. But what about living here affordably? We’ve done the homework for you and found the most budget-friendly cities in Big Sky Country.
Whether you’re looking for lower rents or just want to stretch your dollar further, these Montana towns offer affordable living without sacrificing the natural beauty and charm that Montana is known for. Here are the top five cheapest places to live in Montana, along with a brief overview of some of the largest employers and most affordable attractions in each area.
1. Sidney
Average rent: $1,182
Sidney tops our list as the most affordable city in Montana, with an average rent of $1,182. This small town offers some of the most reasonable housing options in the state, especially when considering its proximity to the Bakken oil fields. Renters can find studio apartments for as low as $1,040, while a one-bedroom averages $1,205, and a two-bedroom comes in at $1,302.
Sidney might be small, but it has a solid economic backbone. The energy industry, particularly oil and gas, plays a significant role in the local economy. For affordable fun, nearby Makoshika State Park is perfect for a budget-friendly day of hiking or exploring the stunning badlands.
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2. Missoula
Average rent: $1,415
Missoula’s average rent of $1,415 makes it a close second on our list. Despite being one of Montana’s larger cities, Missoula manages to keep living costs relatively low. Studio apartments in Missoula average $1,250, and you can find a one-bedroom for around $1,195. If you need more space, a two-bedroom will set you back about $1,800.
University of Montana is one of the largest employers in Missoula and the driving force behind the city’s status as one of the top Montana college towns. The city’s outdoor attractions, like the Clark Fork River and Mount Sentinel, are ideal for those seeking free or low-cost fun under the sun. Missoula’s booming downtown also puts on free events year-round, including the popular River City Roots Festival, making it a budget-friendly place to live with plenty to do.
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3. Billings
Average rent: $1,425
In Billings, the average rent is $1,425. Studio apartments start at around $1,141, and one-bedroom units average $1,441. A two-bedroom apartment in Billings will cost you about $1,692.
Billings is Montana’s largest city, and its economy reflects that, with major employers like Billings Clinic and Phillips 66. The Rimrocks and Pictograph Cave State Park are favorites for outdoorsy types. For your culture fix, the Yellowstone Art Museum offers free admission on certain days, ensuring that entertainment doesn’t have to cost a fortune.
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4. Whitefish
Average rent: $1,547
Whitefish is known for its awe-inspiring landscapes, and with an average rent of $1,547, it remains affordable. Studio apartments here average $1,295, while a one-bedroom will cost you around $1,450. If you’re looking for more space, two-bedroom apartments go for about $1,895. While slightly pricier, Whitefish offers value through its proximity to Glacier National Park and world-class skiing.
Tourism and outdoor sports are key drivers of Whitefish’s economy, with major employers like Whitefish Mountain Resort and the local healthcare industry. The town’s natural beauty provides endless free or low-cost activities, from hiking Whitefish Mountain to enjoying a day at Whitefish Lake. Winter sports enthusiasts can also find deals on ski passes, making it possible to enjoy the outdoors without overspending.
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5. Kalispell
Average rent: $1,661
Rounding out our list is Kalispell, with an average rent of $1,661. Studio apartments here are around $1,150, making them a more budget-friendly option, but rents increase significantly with size. A one-bedroom averages $1,715, and a two-bedroom goes for $2,117. While on the higher end, Kalispell’s location near Glacier National Park and Flathead Lake offers unparalleled access to Montana’s natural beauty, which could justify the higher rent for outdoor lovers.
Kalispell is a hub for healthcare and retail, with major employers like Kalispell Regional Healthcare and the Kalispell Center Mall. The town’s arts scene, including the Hockaday Museum of Art and free outdoor concerts in Depot Park, ensures that residents can enjoy a rich cultural life on a budget.
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Methodology
All cities must have over 5,000 residents per the US Census and have an average rent price under or within $350 of the median rent price for the state – which is $1,320 per month according to Redfin data. Average rental data from Rent.com July 2024.
