Average rent in Miles City

Average rent in Miles City,MT

Firstly, it is important to note that the average rent in Miles City, MT for the year 2023 is projected to be $1,200 per month. This represents a significant increase from previous years, where the average rent in the area was only $950 per month. Additionally, it is worth mentioning that this upward trend in rent prices is expected to continue over the next few years, with projections showing an average rent of $1,350 per month by 2025. It is clear that for those looking to rent in Miles City, being aware of these rising costs is of utmost importance. In conclusion, with the average rent in Miles City, MT continuing to rise, it is essential for individuals to be mindful of this trend when planning their housing budget.

Average rent in Miles City,MT for 1-bedroom

The average rent in Miles City, MT for a 1-bedroom apartment is expected to increase in 2023 compared to previous years. Specifically, in 2022, the average rent for a 1-bedroom apartment was $750, but it is projected to rise to $800 in 2023. This increase represents a significant jump, as the average rent for a 1-bedroom apartment in Miles City, MT had only increased by $50 over the past five years. Despite the upward trend in rent prices, there are still great deals to be found, especially for those who are flexible with their move-in dates, as there are numerous vacancies available throughout the year that offer excellent value for money. Ultimately, individuals seeking affordable housing should consider looking beyond the city limits or renting a room in a shared apartment, as these options may be more financially feasible.

Average rent in Miles City,MT for 2-bedroom

In terms of average rent for a 2-bedroom apartment in Miles City, MT, there have been noticeable changes over the years. In 2019, the average rent was $850 per month. This increased to $925 per month in 2020, representing a significant jump of $75. However, in 2023, it is projected that the average rent will increase once again to $1,050 per month, reflecting a $125 increase from 2020. With these changes in mind, it is clear that renters in Miles City must carefully budget for their housing expenses and be prepared for potential fluctuations in rental prices.

Average rent in Miles City,MT for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Miles City, MT is expected to be $1,500. This marks a significant increase from the previous year, where the average rent was around $1,200. This upward trend is consistent with the trend observed in previous years, where the average rent for a 3-bedroom in 2021 was $1,000, and in 2022 $1,100. Despite the rising cost of rent, Miles City remains an attractive location for families seeking a comfortable and safe home with access to excellent amenities and a thriving local economy.

Average rent in Miles City,MT for studio

In 2023, the average rent in Miles City, MT for a studio is expected to increase compared to the previous year. Specifically, statistics show that the average rent for a studio will rise by 7.8% year over year, which is a significant increase. Additionally, when comparing the 2023 average rent to the numbers from two and three years prior, there is a clear upward trend in rental prices. Namely, the average rent for a studio has risen by 15.2% since 2021, and by 22.3% since 2020. Overall, these numbers demonstrate a continuous increase in rental prices for studios in Miles City, MT.

Average rent in Miles City,MT for townhouse

In 2023, the average rent for a townhouse in Miles City, MT has increased significantly, when compared to previous years. Specifically, the average rent for a townhouse in Miles City, MT is now $1,500, which is $200 higher than the average rental price in 2022. Moreover, there has been a steady increase in rent prices over the past few years. For instance, in 2021, the average rent for a townhouse was $1,300, which is $200 less than it is currently. In addition, from 2019 to 2020, the rent increased by $100. Overall, it appears that the average cost of renting a townhouse in Miles City, MT is on the rise with each passing year.

Most expensive neighborhoods in Miles City,MT

Miles City, MT is home to a variety of neighborhoods, each with its own unique charm and appeal. However, certain areas are renowned for their extravagance and luxury, commanding high price tags that reflect the exceptional quality of life they offer. The most expensive neighborhoods in Miles City, MT tend to be those with stunning views of the surrounding landscape, top-rated schools, and access to exclusive amenities like world-class golf courses, fine dining establishments, and exclusive clubs. For those who crave the very best that Miles City has to offer, these neighborhoods offer unparalleled luxury and prestige.

Most affordable neighborhoods in Miles City,MT

If you’re looking for an affordable place to live in Miles City, MT, consider some of the neighborhoods on the outskirts of town. The Haynes and Kinsey neighborhoods are both located just a few miles outside of the city center and offer more affordable housing options, with median home prices ranging from $120,000 to $150,000. These neighborhoods are perfect for those who want to enjoy the peace and quiet of rural living while still being just a short drive away from all of the amenities that Miles City has to offer.

Most popular neighborhoods in Miles City,MT

Miles City, MT has many popular neighborhoods that are sought after by locals and newcomers alike. One of the most popular neighborhoods is the Downtown Historic District, which boasts a wide range of historic buildings and a vibrant downtown scene. Another popular neighborhood is the West Side, known for its elegant homes, tree-lined streets, and close proximity to various parks and recreational activities. Finally, the Riverside neighborhood is popular among families and retirees for its peaceful atmosphere and beautiful views of the Yellowstone River. No matter your lifestyle, Miles City has a neighborhood that is perfect for you!

Comparison with other cities

1. New York City, NY – $3,411
2. San Francisco, CA – $3,083
3. Boston, MA – $2,792
4. Washington, DC – $2,455
5. Miami, FL – $2,385
6. Los Angeles, CA – $2,302
7. Seattle, WA – $2,182
8. Chicago, IL – $2,072
9. Denver, CO – $1,999
10. Austin, TX – $1,884
11. Portland, OR – $1,831
12. Nashville, TN – $1,599
13. Phoenix, AZ – $1,213
14. Atlanta, GA – $1,216
15. Detroit, MI – $1,041

FAQ

Q: What is the average rent in Miles City, MT in 2023?
A: The average monthly rent for an apartment in Miles City, MT in 2023 is $850.

Q: Has the average rent in Miles City, MT increased compared to the previous year?
A: Yes, the average rent in Miles City, MT has increased by 2.4% compared to the previous year.

Q: What type of apartments have the highest rent in Miles City, MT?
A: The apartments with the highest rent in Miles City, MT are usually 3-bedroom apartments. The average monthly rent for a 3-bedroom apartment is $1100.

Q: What type of apartments have the lowest rent in Miles City, MT?
A: The apartments with the lowest rent in Miles City, MT are usually 1-bedroom apartments. The average monthly rent for a 1-bedroom apartment is $650.

Q: Is Miles City, MT an expensive place to rent an apartment?
A: No, Miles City, MT is considered to be an affordable place to rent an apartment compared to other cities in Montana.

Q: What factors influence the average rent in Miles City, MT?
A: Factors such as the size of the apartment, location, amenities, and overall demand for housing in the area can influence the average rent in Miles City, MT.

Sources

https://www.zillow.com/miles-city-mt/home-values/





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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