True Cost of Renting in Missoula
Missoula is Montana's college town and outdoor recreation capital, home to the University of Montana (UM) and situated at the confluence of three rivers. The liberal arts character, thriving independent music and food scene, and proximity to world-class fly fishing and hiking make Missoula one of Montana's most sought-after places to live — and rents reflect the premium, running higher than Billings despite a smaller economy.
Neighborhoods & Average Rents
University District
- Studio:
- $950/mo
- 1 Bed:
- $1,200/mo
- 2 Bed:
- $1,700/mo
Student-dominated neighborhoods around UM campus on the south side of the Clark Fork River; walkable to campus, Arthur Avenue restaurants, and the Missoula Farmers Market. High August turnover. NorthWestern Energy electric applies.
Downtown Missoula / Hip Strip
- Studio:
- $1,000/mo
- 1 Bed:
- $1,350/mo
- 2 Bed:
- $1,900/mo
Walkable urban core on Higgins Avenue; independent restaurants, Kettlehouse Brewing, and the world-famous Missoula Carousel. Mix of historic apartment buildings and newer infill. Winter heating at 3,200 ft elevation with serious snow cover runs $130–170/mo.
Rattlesnake / North Hills
- 1 Bed:
- $1,300/mo
- 2 Bed:
- $1,850/mo
Hillside neighborhoods north of Downtown near the Rattlesnake National Recreation Area; trail access from the backyard. Higher rents reflect the premium outdoor access. Mix of older homes converted to rentals and newer townhomes.
Utility Providers
- Electric
- NorthWestern Energy
- Water
- City of Missoula Water
- Internet
- Charter Spectrum, Ziply Fiber, Blackfoot Telecommunications
Commute & Transportation
US-93 and I-90 connect Missoula to the broader region. UM is the dominant employer (3,000+). Providence St Patrick Hospital and Community Medical Center are major healthcare employers. Missoula County Government and the Forest Service regional headquarters are significant public employers. Mountain Line bus service covers the city with reasonable frequency. Missoula International Airport (MSO) connects to Denver, Seattle, and Salt Lake City.
Rental Market Overview
Missoula rents are the highest in Montana on a per-unit basis, driven by UM enrollment, quality-of-life migration, and severe supply constraints from the surrounding mountains. The 2021–2023 remote worker surge pushed rents 30–40%. NorthWestern Energy serves the city. Winter heating is significant — budget $140–180/month from November through March for a 1BR. New apartment supply has been limited by topography and community opposition to density. Renters insurance averages $12–16/month.
Data last updated: 2026-04
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