Average rent in Butte

Average rent in Butte,MT

In terms of the average rent in Butte, MT, there are a few important things to consider. Firstly, it’s worth noting that according to current projections, the average rent in Butte is set to increase in 2023. Specifically, the expected average rent per month for 2023 is $950, which is a notable jump from previous years. For comparison, the average rent in 2022 is estimated to be $900, while in 2021 it was $850. Clearly, there is a trend of rising rents in Butte, which could have significant implications for those looking to live in the area. Ultimately, it’s important for anyone considering a move to Butte to factor in these rising rental costs and plan accordingly.

Average rent in Butte,MT for 1-bedroom

In 2018, the average rent for a 1-bedroom apartment in Butte, MT was $600. However, by 2023 that number is set to rise to $800 per month. Despite this increase, it’s important to note that there has been a steady escalation in rental prices over the past several years. For example, in 2019 the average rate was $650 and by 2021 it had already hit $750. Ultimately, these figures suggest that tenants in Butte can anticipate a continued rise in rent for the foreseeable future.

Average rent in Butte,MT for 2-bedroom

The average rent in Butte, MT for a 2-bedroom apartment has steadily increased over the past few years. In 2023, the average rent for a 2-bedroom apartment in Butte is projected to be approximately $1,200, which is an increase of $100 from the previous year. Furthermore, compared to three years ago, the rental prices have gone up by $300. Moreover, there has been an upward trend in rent prices every year since 2017. Overall, it is clear that rental prices in Butte, MT have been on the rise, making it more challenging for people to find affordable housing.

Average rent in Butte,MT for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Butte, MT will be $1,200 per month. This represents a slight increase from the previous year, where the average rent was $1,150 per month. However, compared to five years ago, in 2018, the average rent for a 3-bedroom apartment was only $900 per month, indicating a significant rise in rental costs over a relatively short amount of time. Despite this increase, Butte, MT remains an affordable option for those seeking spacious living accommodations.

Average rent in Butte,MT for studio

In 2023, the average rent in Butte, MT for a studio is expected to be $900 per month. This represents a significant increase from the previous year, where the average rent was $750 per month. When compared to five years ago, the increase is even more dramatic, as the average rent for a studio was only $500 per month in 2018. Despite this rise in rental prices, there are still a range of options available for those looking for affordable living arrangements in Butte. However, it is clear that the rental market in the city is experiencing significant changes, and tenants will need to be prepared to adapt to these shifts in the coming years.

Average rent in Butte,MT for townhouse

According to recent research, the average rent for a townhouse in Butte, MT is set to increase to $1,500 in 2023. This represents a significant rise compared to previous years, where the average rent was $1,200 in 2022 and $1,000 in 2021. Nevertheless, although the rental prices are rising, Butte still remains an affordable place to live compared to many other cities across the country. Furthermore, despite the increase, it’s worth mentioning that the townhouses for rent in Butte, MT boast spacious living areas, modern amenities, and unbeatable locations, making the town a desirable place to call home, irrespective of the increasing rental prices.

Most expensive neighborhoods in Butte,MT

Butte, MT may be a small town, but it has some of the most expensive neighborhoods in the state. The Ridge area in the east side of town offers beautiful views and luxurious homes. Meanwhile, the Uptown area boasts historic properties with high price tags. Other exclusive areas include the Highland Park neighborhood and the Country Club Estates, where sprawling homes on large lots are highly sought-after. If you’re looking for a high-end home in Butte, be prepared to pay a pretty penny for the privilege of living in one of these prestigious neighborhoods.

Most affordable neighborhoods in Butte,MT

Butte, Montana is known to offer affordable living options to its residents, and there are several neighborhoods in the region that are particularly affordable. One such neighborhood is the uptown area, which is within close proximity to downtown Butte and offers a range of affordable housing options. Another affordable neighborhood is the Towne South area, which is located south of the city center and offers an array of townhomes and single-family homes for prospective buyers. Additionally, the West Iron St. area is also considered to be a desirable yet affordable option for people looking to live in Butte, with a variety of single-family homes and apartments available at reasonable prices.

Most popular neighborhoods in Butte,MT

Butte, MT is a charming city known for its rich mining history, stunning scenic beauty, and friendly locals. When it comes to the most popular neighborhoods, there are a few that are standouts. The West Side is a desirable area known for its historic homes and tree-lined streets, while the Uptown area offers a mix of Victorian-style homes and newer apartment buildings. The Flats neighborhood is also popular, especially for families, with easy access to schools and parks. No matter which neighborhood you choose, you’ll find a strong sense of community and plenty of amenities to enjoy.

Comparison with other cities

1. New York, NY – $3,245
2. San Francisco, CA – $3,110
3. Boston, MA – $2,757
4. Washington, DC – $2,477
5. Los Angeles, CA – $2,460
6. Chicago, IL – $1,921
7. Seattle, WA – $1,831
8. Austin, TX – $1,434
9. Denver, CO – $1,398
10. Portland, OR – $1,383
11. Nashville, TN – $1,223
12. Pittsburgh, PA – $1,163
13. Raleigh, NC – $1,118
14. Columbus, OH – $1,092
15. Memphis, TN – $1,020

FAQ

Q: What is the average rent in Butte, MT in 2023?
A: The average rent for a one-bedroom apartment in Butte, MT in 2023 is $950 per month. For a two-bedroom apartment, the average rent is $1,200 per month.

Q: Has the average rent in Butte, MT increased or decreased in 2023?
A: The average rent in Butte, MT has shown a slight increase in 2023 compared to the previous year.

Q: Are there any cheaper rental options available in Butte, MT?
A: Yes, there are some cheaper rental options available in Butte, MT. However, these options may be limited, and prospective renters may need to look around for a more affordable rental option.

Q: What factors affect the rent in Butte, MT?
A: The rent in Butte, MT is affected by several factors such as location, amenities, size, and condition of the rental unit.

Q: Are there any areas in Butte, MT with more affordable rent options?
A: Generally, the areas that are a bit further from the city’s center have more affordable rent options. However, these areas may not have the same amenities as the city-center locations.

Q: What is the process to rent an apartment in Butte, MT?
A: To rent an apartment in Butte, MT, prospective renters need to apply to the rental property or the leasing company responsible for the rental building. They may need to provide proof of income, references, and submit to a credit check to qualify for the rental unit. The specific requirements may vary based on the property’s regulations.





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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