Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 59717 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 59717 (Bozeman, MT) is $2,109 a month. That is down 2.1% from $2,154 in FY 2026. Bozeman is in the Bozeman, MT MSA. The median county two-bedroom FMR in Montana is $1,310, so ZIP 59717 is 61% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 59717
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,485
$1,469
−1.1%
$1,322–$1,616
1BR
$1,642
$1,612
−1.8%
$1,451–$1,773
2BR
$2,154
$2,109
−2.1%
$1,898–$2,320
3BR
$2,996
$2,920
−2.5%
$2,628–$3,212
4BR
$3,537
$3,487
−1.4%
$3,138–$3,836
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 59717
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,469
$1,612
$2,109
$2,920
$3,487
FY 2026
$1,485
$1,642
$2,154
$2,996
$3,537
FY 2025
$1,448
$1,626
$2,087
$2,924
$3,453
FY 2024
$901
$999
$1,275
$1,797
$2,164
FY 2023
$819
$894
$1,164
$1,654
$1,983
Questions about ZIP 59717 rents
How much will Section 8 pay for a two-bedroom in ZIP 59717?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,109, that basic range is $1,898 to $2,320 a month. 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 ZIP 59717 in?
ZIP 59717 is in the Bozeman, MT MSA. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 59717 for FY 2027?
The two-bedroom FMR fell 2.1%, from $2,154 in FY 2026 to $2,109 in FY 2027. Since FY 2023 it has risen 81.2%.
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 Fair Market Rents. 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