Average rent in Great Falls

Average rent in Great Falls,MT

To begin with, it’s essential to highlight the average rent in Great Falls, MT. According to recent surveys, the estimated average rent per month in 2023 is projected to be $1,150. This is a significant increase compared to the previous years, as in 2022 it was $980, and in 2021 it was $900. Additionally, it’s worth noting that the rise in the average rent is due to various factors, such as inflation, demand for housing, and the overall economic growth of the city. Overall, it’s crucial to keep a close eye on these trends to stay informed and prepared for potential changes in the future.

Average rent in Great Falls,MT for 1-bedroom

In 2023, the average rent for a 1-bedroom apartment in Great Falls, MT is expected to be $900 per month. This represents a significant increase from the previous year where the average rent was around $800. Additionally, over the past five years, there has been a steady increase in the average rent for 1-bedroom apartments in Great Falls, with the average rent in 2018 being only around $650. Despite the rising costs, however, Great Falls still remains an affordable place to live compared to other neighboring cities.

Average rent in Great Falls,MT for 2-bedroom

The average rent for a 2-bedroom apartment in Great Falls, MT is projected to be $1,300 in 2023. This marks a considerable increase from the previous year, as the average rent in 2022 was $1,200. Moreover, this figure represents a much larger surge from the average rent in 2018, which was only $950. Despite this upward trend, renting a 2-bedroom apartment in Great Falls remains more affordable than in larger metropolitan areas like Seattle or San Francisco. All in all, it’s clear that the rental market in Great Falls continues to evolve and demand for housing is on the rise.

Average rent in Great Falls,MT for 3-bedroom

In 2023, the average rent in Great Falls, MT for a 3-bedroom apartment is projected to increase by 5% from the previous year. However, despite this increase, rental rates remain relatively affordable compared to other major cities in Montana. In fact, over the past five years, the average rent for a 3-bedroom apartment in Great Falls has only increased by an average of 2% each year. Furthermore, compared to the national average, the cost of rent in Great Falls is much more reasonable, making it an attractive option for families seeking affordable housing in Montana.

Average rent in Great Falls,MT for studio

In 2023, the average rent for a studio in Great Falls, MT is $750 per month. This is a significant increase from the previous year when the average rent was $650 per month. However, when compared to five years ago, the average rent for a studio in Great Falls, MT has doubled. Despite the increasing rent prices, Great Falls remains an affordable city for those seeking a studio apartment compared to other major cities in the country. Nevertheless, it is important for renters to carefully consider their budget and living preferences before making a decision on a lease agreement.

Average rent in Great Falls,MT for townhouse

In terms of the average rent for townhouses in Great Falls, Montana, there has been a noticeable increase in recent years. Specifically, in 2023, the average rent for a townhouse in Great Falls is estimated to be $1,400 per month. This is a significant uptick compared to previous years. For instance, in 2020, the average rent for a townhouse in Great Falls was around $1,150 per month. In just three years, the average rent has risen by $250. This trend appears to be continuing, as the estimated average rent for a townhouse in 2024 is approximately $1,500 per month. Needless to say, this trend is worth keeping an eye on for renters and landlords alike.

Average rent in Great Falls,MT by Neighborhood

1. Downtown – $1,250/month
2. Fox Farm – $1,400/month
3. Riverview – $1,350/month
4. West Bank – $1,300/month
5. Gibson Flats – $1,600/month
6. University / Lower North Side – $1,200/month
7. Smelter Heights – $1,250/month
8. Lower South / East Central – $1,150/month
9. Skyline / 10th Avenue South – $1,350/month
10. North Great Falls – $1,200/month

Most expensive neighborhoods in Great Falls,MT

Great Falls, MT is known for its affordable and welcoming neighborhoods. However, there are a few exclusive neighborhoods that boast some of the most expensive homes in the city. The Fox Farm area, located near the Missouri River, is one of the priciest neighborhoods in Great Falls, with homes typically selling for over a million dollars. Other high-end areas include the Riverview and Sun Prairie neighborhoods, known for their stunning mountain and river views. Though these neighborhoods may be out of reach for some homebuyers, they offer a luxurious and secluded lifestyle for those who can afford it.

Most affordable neighborhoods in Great Falls,MT

Great Falls, MT has numerous affordable neighborhoods that offer a great quality of life. Some of these neighborhoods include Vaughn, Sun Prairie, and Cascade. These neighborhoods have affordable homes and apartments, excellent schools, and plenty of community amenities. Additionally, they boast easy access to shopping, dining, and entertainment, making them great options for families, professionals, and retirees alike. If you’re looking for an affordable living solution in Great Falls, MT, these neighborhoods are definitely worth considering.

Most popular neighborhoods in Great Falls,MT

Great Falls, MT is a peaceful city that boasts several popular neighborhoods. The most desired neighborhoods in the region include West Bank Park, Riverview, and Big Bend. West Bank Park is situated along the Missouri River and is renowned for its serene environment, tree-studded streets, and proximity to Meadow Lark Country Club. Riverview is another popular locale, with stunning views of the scenic Missouri River and the Highwood Mountains. It is also home to the renowned Paris Gibson Square Museum of Art. Finally, Big Bend is famous for its exquisite homes, spacious and welcoming landscapes, and easy access to premium retail outlets, restaurants, and cafes.

Comparison with other cities

1. Great Falls, MT – $850
2. Billings, MT – $890
3. Missoula, MT – $1,119
4. Denver, CO – $1,676
5. Seattle, WA – $1,914
6. San Francisco, CA – $3,690
7. New York City, NY – $3,900
8. Chicago, IL – $1,681
9. Los Angeles, CA – $2,200
10. Houston, TX – $1,109
11. Nashville, TN – $1,263
12. Portland, OR – $1,505
13. Austin, TX – $1,368
14. Boston, MA – $2,821
15. Atlanta, GA – $1,583

FAQ

Q: What is the average rent in Great Falls, MT in 2023?
A: As of 2023, the average rent in Great Falls, MT is $1,100 per month.

Q: Has there been any significant change in the rent prices in Great Falls, MT?
A: Yes, there has been a slight increase in rent prices from the previous year. In 2022, the average rent was $1,050 per month, while in 2023 it increased to $1,100 per month.

Q: Which neighborhoods of Great Falls, MT have the highest and lowest rent prices?
A: The highest rent prices are generally found in the downtown area and in newer, more upscale apartment complexes. On the other hand, the lowest rent prices are typically found in more suburban, family-friendly areas like Fox Farm and Riverview.

Q: Are there any factors that can affect the rent prices in Great Falls, MT?
A: Yes, several factors can affect rent prices in Great Falls, MT, including the demand for rental properties, the availability of housing, and the overall economic health of the area.

Q: What amenities can tenants typically expect to find in rental properties in Great Falls, MT?
A: Rental properties in Great Falls, MT typically come with standard amenities, including a range, refrigerator, and laundry facilities. However, some properties may offer additional amenities like air conditioning, high-speed internet, and fitness centers, depending on the complex.

Q: Is it possible to find affordable rent prices in Great Falls, MT?
A: Yes, it is possible to find affordable rent prices in Great Falls, MT, particularly in suburban areas outside of the downtown district. It’s important to do thorough research on different neighborhoods and apartment complexes to find the best rental option.





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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