Living in Montana offers a variety of highlights, with its breathtaking landscapes of the majestic Rocky Mountains, vast prairies, and pristine lakes, all providing endless opportunities for outdoor activities like hiking, fishing, and skiing. The state’s charming small towns and cities like Missoula and Bozeman offer a blend of Western hospitality, arts, and cultural experiences.
If Montana sounds like the state for you, then you may also be curious what cities fit into your budget. When it comes to buying a home in Montana, the median list price is $537,000.
Don’t worry if that price doesn’t fit in your budget – we’ve got options to help you find a home or apartment that does. Redfin has rounded up a list of the 7 of the most affordable places to live in Montana – and they all have a median list price under $537,000. From Laurel to Columbia Falls, read on to see what cities you may want to consider moving to this year.
#1: Laurel
Median home price: $325,000
Median household income: $62,250
Laurel, MT homes for sale
Laurel, MT apartments for rent
With a median home sale price of $325,000, Laurel comes in at number one on our list of most affordable places to live in Montana. There are about 7,800 residents living in this small city. If you’re considering moving to this area make sure to explore downtown Laurel, visit Thompson Park, and check out the views at Sundance Lodge Recreation Area.
#2: Great Falls
Median home price: $343,900
Average rent for a 1-bedroom apartment: $1,340
Median household income: $58,272
Great Falls, MT homes for sale
Great Falls, MT apartments for rent
Taking the second spot on our list of affordable cities to live in Montana is Great Falls. When living in this city of 60,400 people, you can check out the artwork at the C. M. Russell Museum, visit one of the riverfront parks like West Bank Park, and see the historic architecture in downtown Great Falls.
#3: Billings
Median home price: $379,000
Average rent for a 1-bedroom apartment: $1,386
Median household income: $58,272
Billings, MT homes for sale
Billings, MT apartments for rent
A little more expensive than Great Falls is the city of Billings. With roughly 117,400 residents in Billings, make sure to check out downtown Billings where you’ll find museums like Yellowstone Art Museum and the Wise Wonders Science and Discovery Museum, and visit the Riverfront Park along the Yellowstone River.
#4: Helena
Median home price: $399,750
Average rent for a 1-bedroom apartment: $1,225
Median household income: $58,272
Helena, MT homes for sale
Helena, MT apartments for rent
Another great affordable town to consider moving to is Helena. Home to 33,100 residents, this charming area can be a great option to add to your list. Living in Helena, you can explore downtown Helena where you’ll find Reeder’s Alley, the Original Governor’s Mansion, and Holter Museum of Art, see the Montana State Capitol, and hike Mount Helena and Mount Ascension Park.
#5: Evergreen
Median home price: $402,000
Median household income: $68,039
Evergreen, MT homes for sale
Evergreen, MT apartments for rent
Another noteworthy city is Evergreen, where the home prices are about $135K less than the state’s average. Evergreen has about 8,500 residents and is a great city to consider renting or buying a house this year. There are lots of activities to do in this city. You can camp at one of the campgrounds, explore nearby Lone Pine State Park, or check out the town of Kalispell, among many other local favorites.
#6: Lockwood
Median home price: $440,000
Median household income: $73,625
Lockwood, MT homes for sale
Lockwood, MT apartments for rent
Claiming the sixth spot on our list of affordable places to live in Montana is Lockwood. With a population of roughly 7,300, you’ll be living in a smaller city, but there is no shortage of things to experience in Lockwood. Don’t miss out on visiting Two Moon Park along the Yellowstone River or explore the Four Dances Recreation Area once moving to the area.
#7: Columbia Falls
Median home price: $450,000
Average rent for a 1-bedroom apartment: $1,709
Median household income: $64,500
Columbia Falls, MT homes for sale
Columbia Falls, MT apartments for rent
Next is the town of Columbia Falls, which has about 5,500 residents. The median home sale price is $450,000 which is about $85K less than the median home sale price in Montana. If you find yourself moving here, make sure to visit one of the parks in town, check out Teakettle Mountain, and drive just outside of the area to explore the picturesque town of Whitefish.
Methodology: All cities must have over 5,000 residents per the US Census and have a median home sale price under the median list price in Montana. Median home sale price from the Redfin Data Center during July 2024. Average rental data from Rent.com February 2024. Population and median household income data sourced from the United States Census Bureau.
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