Average rent in Missoula

Average rent in Missoula,MT

The average rent in Missoula, MT is an important topic that requires a comprehensive analysis. First and foremost, it is important to note that the average rent in Missoula has been steadily increasing over the past few years. In 2018, the average rent was $900 per month, while in 2019, it rose to $950 per month. Moving forward, the projected average rent for 2023 is estimated to be around $1,100 per month, a significant increase from the previous years. It is imperative to take note of the factors that contribute to the rise in rent such as the increase in population, rising cost of living, and limited housing supply. In conclusion, it is evident that the average rent in Missoula is a crucial aspect that requires constant monitoring and attention.

Average rent in Missoula,MT for 1-bedroom

According to recent data, the average rent in Missoula, MT for a 1-bedroom apartment is projected to be $1,200 in 2023. This marks a significant increase from the previous year, where the average rent was $1,000. Additionally, over the past five years, the average rent has steadily risen from $800 in 2018 to its current projection for 2023. Despite these increases, Missoula remains a more affordable option compared to other cities in Montana, such as Bozeman where the average rent for a 1-bedroom apartment is projected to be $1,500 in 2023. Ultimately, renters in Missoula should anticipate continued increases in rent in the coming years, but will still have access to more affordable housing options than other Montana cities.

Average rent in Missoula,MT for 2-bedroom

In 2023, the average rent in Missoula, MT for a two-bedroom apartment is projected to be $1,500 per month. This represents an increase of $200 from the previous year. However, when compared to the average rent of $1,300 in 2019, this marks a significant rise of $200 over the course of four years. Despite this steady upward trend, Missoula remains a more affordable option when compared to other cities in Montana such as Bozeman or Billings. Nonetheless, renters should be prepared to allocate a larger portion of their budget towards housing costs in the years to come.

Average rent in Missoula,MT for 3-bedroom

In 2023, the average rent for a 3-bedroom apartment in Missoula, MT is expected to reach $1,700 per month, a significant increase from the average rent of $1,300 per month in 2018. Transitioning to more recent years, the average rent for a 3-bedroom apartment increased to $1,450 per month in 2020 and continued to rise to $1,600 per month in 2022. For those looking to rent a 3-bedroom apartment in Missoula, it is important to take note of these ongoing increases and plan accordingly for the future.

Average rent in Missoula,MT for studio

The average rent for a studio apartment in Missoula, MT is expected to increase in 2023. Specifically, according to recent projections, it is anticipated to rise by 5% compared to the previous year. This represents a significant uptick in rent costs over the last several years. For instance, between 2020 and 2021, average studio rent in Missoula jumped by 3%, while it only increased by 1% between 2019 and 2020. Despite these trends, there are still many affordable neighborhoods in the city, and potential renters would be wise to shop around and compare prices before committing to their lease.

Average rent in Missoula,MT for townhouse

The average rent for townhouses in Missoula, MT is projected to increase significantly in 2023. According to the latest data, the expected average rent for a townhouse will be $2,500 per month, representing a substantial jump from the $2,000 per month recorded in 2020. Over the past few years, the average rent has been on a steady upward trajectory, with an increase of $500 every year. In fact, the average rent was only $1,500 per month back in 2016. Clearly, the trend indicates that renting a townhouse in Missoula, MT is becoming increasingly expensive. Consequently, it may be wise for renters who are considering renewing their lease to commit sooner rather than later.

Most expensive neighborhoods in Missoula,MT

Missoula, MT is a city with a variety of neighborhoods, each with its unique charm and character. But, some parts of the city are more prestigious than others, and the cost of living in those neighborhoods reflects that. The most expensive neighborhoods in Missoula are the Rattlesnake area, Linda Vista, and Grant Creek. These neighborhoods feature sprawling homes on large lots, scenic mountain views, and easy access to outdoor recreation. The steep price tags of these areas make them coveted by the affluent, with some homes priced well into the millions of dollars. Despite the high cost, these neighborhoods offer an unparalleled luxury living experience in one of Montana’s most beautiful cities.

Most affordable neighborhoods in Missoula,MT

Missoula, Montana offers a variety of affordable neighborhoods for those looking for a place to call home. Neighborhoods like Franklin to the west and Westside to the north offer modest homes with easy access to downtown Missoula. Central Missoula’s Riverfront neighborhood offers a mix of older and newer homes, as well as apartment complexes, all at an affordable cost. With these and other neighborhoods available, Missoula has plenty of options for those seeking affordability.

Most popular neighborhoods in Missoula,MT

Missoula, MT is an amazing city with plenty of charming neighborhoods. Some of the most popular neighborhoods in Missoula include the University District, where students and faculty members of the University of Montana campus reside. The Rattlesnake neighborhood is perfect for nature lovers, with easy access to hiking trails and parks. The Hip Strip is an eclectic scene for those who want a bit of fun, food, and entertainment. Meanwhile, the South Hills neighborhood provides stunning views of the city and surrounding mountains. Regardless of your lifestyle, Missoula, MT has a neighborhood that fits your needs.

Comparison with other cities

Here is a list of 15 US cities with their average rent compared to Missoula, MT:
1. New York City, NY – $2,980
2. San Francisco, CA – $2,872
3. Boston, MA – $2,716
4. Washington, DC – $2,525
5. Los Angeles, CA – $2,226
6. Seattle, WA – $1,943
7. Denver, CO – $1,767
8. Portland, OR – $1,709
9. Austin, TX – $1,662
10. Nashville, TN – $1,603
11. Minneapolis, MN – $1,564
12. Atlanta, GA – $1,474
13. Salt Lake City, UT – $1,406
14. Kansas City, MO – $1,228
15. Tulsa, OK – $988

FAQ

Q: What is the average rent in Missoula, MT?
A: According to the latest data from 2023, the average rent for an apartment in Missoula, MT is $1,050 per month.

Q: Has the average rent in Missoula, MT increased or decreased in recent years?
A: The average rent in Missoula, MT has increased slightly in recent years.

Q: What types of apartments are available in Missoula, MT?
A: There are a variety of apartments available in Missoula, MT, including studios, one-bedroom apartments, two-bedroom apartments, and even larger units for families.

Q: Where can I find affordable apartments in Missoula, MT?
A: There are several areas in Missoula, MT where you can find more affordable apartments. Some of these areas include the University District, Southgate Triangle, and Westside.

Q: Do apartment rental rates vary by neighborhood in Missoula, MT?
A: Yes, apartment rental rates can vary by neighborhood in Missoula, MT. Some of the more expensive neighborhoods include the Rattlesnake and Riverfront areas.

Q: Are there any rent-controlled apartments in Missoula, MT?
A: There are no rent-controlled apartments in Missoula, MT.

Q: What factors can influence the cost of rent in Missoula, MT?
A: The cost of rent in Missoula, MT can be influenced by a variety of factors, including location, apartment size, amenities, and the age of the building.

Q: Are there any apartment complexes in Missoula, MT that offer discounted rates for students?
A: Yes, there are several apartment complexes in Missoula, MT that offer discounted rates for students, particularly those located near the University of Montana.

Q: Do most apartment complexes in Missoula, MT require a security deposit?
A: Yes, most apartment complexes in Missoula, MT require a security deposit, which is typically equal to one month’s rent.

Sources

https://www.zillow.com/missoula-mt/rentals/





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.

Also Reading

What are the Landlord Tenant Rights in Maine?
Joliet average rent
Better know before moving to New Hampshire

Spread the love