Rental Benchmark Overview
2-Bedroom Benchmark Rent
$2,154$25,848 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Gallatin County, MT
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Gallatin County, MT
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $1,485 | $17,820 | $59,400 | $28.56/hr |
| 1-Bedroom Apartment | $1,642 | $19,704 | $65,680 | $31.58/hr |
| 2-Bedroom ApartmentStandard Benchmark | $2,154 | $25,848 | $86,160 | $41.42/hr |
| 3-Bedroom Home | $2,996 | $35,952 | $119,840 | $57.62/hr |
| 4-Bedroom Home | $3,537 | $42,444 | $141,480 | $68.02/hr |
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Frequently Asked Questions About Rent in Gallatin County, MT
What is the Fair Market Rent for a 2-bedroom in Gallatin County, MT?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Gallatin County, MT is $2,154 per month ($25,848 per year).
What hourly wage is needed to afford rent in Gallatin County, MT?
To comfortably afford a 2-bedroom apartment at $2,154/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $41.42 per hour ($86,160/year).
What are the HUD Fair Market Rents by bedroom count in Gallatin County, MT?
Official 2026 HUD rents in Gallatin County, MT are: Studio: $1,485/mo, 1-Bedroom: $1,642/mo, 2-Bedroom: $2,154/mo, 3-Bedroom: $2,996/mo, and 4-Bedroom: $3,537/mo.
How do HUD Fair Market Rents compare to local incomes in Gallatin County, MT?
At the local Census ACS median household income of $93,528/year ($7,794/month), the benchmark 2-bedroom Fair Market Rent represents 27.6% of monthly income.
How is the 30% housing affordability standard calculated in Gallatin County, MT?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $2,154/month, the required minimum annual gross income is calculated as ($2,154 × 12) ÷ 0.30 = $86,160 per year.