For those renting here in Montana, the price can be a little steep. While some areas are cheaper than others, for those looking to live in Montana's more popular areas, you can plan on paying a little or sometimes, a lot more.

READ MORE: Moving to Montana? Here's what you need to know. 

As a resident of Bozeman, my wife and I pay double the price we paid for our last place.

The last place had more square footage, a double-car garage, and an extra bathroom. Granted, the prices have come down a little over the last year or so, however, compared to other areas, renting in Montana can be very expensive.

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Why is rent so high in Montana?

Most of it is supply and demand.  In more popular areas like Bozeman, Kalispell, and Missoula, folks have been flocking to those areas which means that landlords and property managers have been able to take advantage.

While I'm all for capitalism, I question those organizations that charge an "application fee" when they only have one or two units and allow 50 people to apply. That seems super shady to me.

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Another factor is that home prices are so high that those who can't afford to purchase a home are left with renting, so....you can add a couple hundred dollars a month and people have to pay it.

Will rent prices go down in Montana?

We shall see. While places like Bozeman continue to build lots of apartments and townhomes, one would think that would bring down the prices of rent, and it has to some extent. Now that renters have more options, they can be a little more picky on what they want to pay.

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