HELENA, MT
CitySAFMR
Lewis and Clark County
Found 8 ZIPs
BRFMR
Eff. Rent
0 BR$1,130 – $1,410$1,070 – $1,410
1 BR$1,310 – $1,630$1,310 – $1,430
2 BR$1,640 – $2,040$1,640 – $1,670
3 BR$2,240 – $2,790$2,120 – $2,250
4 BR$2,490 – $3,090$2,340 – $2,490
5 BR$2,875
6 BR$3,306
7 BR$3,802
8 BR$4,373

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 1 ZIP
0.75ratio
FMR$1,140
Market$1,520
vs market-$380

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
Studio· 1 ZIP
0.78ratio
FMR$1,410
Market$1,800
vs market-$390

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
Studio· 2 ZIPs
0.95–0.96ratio range
Median FMR$1,140
Median Market$1,195
vs market-$55

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
Studio· 1 ZIP
1.06ratio
FMR$1,130
Market$1,070
vs market+$60

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.75–1.06
1 BR
1 BR· 1 ZIP
0.89ratio
FMR$1,320
Market$1,490
vs market-$170

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1
1 BR· 2 ZIPs
0.92ratio range
Median FMR$1,320
Median Market$1,430
vs market-$110

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
1 BR· 2 ZIPs
0.94–0.97ratio range
Median FMR$1,470
Median Market$1,535
vs market-$65

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
0.89–0.97
2 BR
2 BR· 2 ZIPs
0.92–0.94ratio range
Median FMR$1,650
Median Market$1,775
vs market-$125

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
2 BR· 1 ZIP
0.94ratio
FMR$1,640
Market$1,740
vs market-$100

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
2 BR· 1 ZIP
0.99ratio
FMR$1,650
Market$1,670
vs market-$20

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
2 BR· 1 ZIP
1.07ratio
FMR$2,040
Market$1,900
vs market+$140

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
0.92–1.07
3 BR
3 BR· 1 ZIP
0.99ratio
FMR$2,250
Market$2,270
vs market-$20

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
3 BR· 2 ZIPs
1.04–1.05ratio range
Median FMR$2,245
Median Market$2,150
vs market+$95

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
3 BR· 1 ZIP
1.06ratio
FMR$2,250
Market$2,120
vs market+$130

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1
3 BR· 1 ZIP
1.30ratio
FMR$2,790
Market$2,150
vs market+$640

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1
0.99–1.30
4 BR
4 BR· 2 ZIPs
1.00–1.02ratio range
Median FMR$2,495
Median Market$2,470
vs market+$25

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
4 BR· 2 ZIPs
1.02–1.05ratio range
Median FMR$2,500
Median Market$2,415
vs market+$85

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2
4 BR· 1 ZIP
1.32ratio
FMR$3,090
Market$2,340
vs market+$750

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1
1.00–1.32
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

ZIP Codes

Ranked by Investment Score (vs area median)

About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for HELENA, MT (MT) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.