Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--
West Yellowstone, MT fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in West Yellowstone, MT is $1,940 a month. That is up 3.2% from $1,880 in FY 2026. West Yellowstone is in the Bozeman, MT MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $2,109. The median county two-bedroom FMR in Montana is $1,310, so West Yellowstone is 48% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for West Yellowstone, MT
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,310
$1,340
+2.3%
$1,206–$1,474
1BR
$1,470
$1,480
+0.7%
$1,332–$1,628
2BR
$1,880
$1,940
+3.2%
$1,746–$2,134
3BR
$2,640
$2,700
+2.3%
$2,430–$2,970
4BR
$3,110
$3,190
+2.6%
$2,871–$3,509
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for West Yellowstone, MT
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,340
$1,480
$1,940
$2,700
$3,190
FY 2026
$1,310
$1,470
$1,880
$2,640
$3,110
FY 2025
$820
$910
$1,170
$1,640
$1,950
FY 2024area FMR
$901
$999
$1,275
$1,797
$2,164
FY 2023area FMR
$819
$894
$1,164
$1,654
$1,983
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about West Yellowstone, MT rents
How much will Section 8 pay for a two-bedroom in West Yellowstone, MT?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,109, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,898 to $2,320 a month; under the ZIP-level Small Area FMR of $1,940 it would be $1,746 to $2,134. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is West Yellowstone, MT in?
West Yellowstone, MT is in the Bozeman, MT MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,109.
How much did fair market rent change in West Yellowstone, MT for FY 2027?
The two-bedroom FMR rose 3.2%, from $1,880 in FY 2026 to $1,940 in FY 2027. Since FY 2025 it has risen 65.8%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set