Affordable Housing In Gallatin County
Montana

30 Low Income Apartment Communities In Gallatin County

Stoneridge Apartments

283 W. Front St, Ste 1
Bozeman, MT
$548-1,080
2-3 BR
HCV Welcome

Castlebar Apartments I & II

1201 N 25th Ave
Bozeman, MT
Call For Rent
2-3 BR
HCV Welcome

Big Sky Villas Apartments

202 W Jefferson
Belgrade, MT
Call For Rent
1-3 BR
HCV Welcome

Bozeman Senior Housing Summerwood Apartments

1441 N 15th Ave
Bozeman, MT
62+
Accessible
Elderly Supportive Housing
Subsidized

Timberline Apartments

1006 Cardinal Dr
Belgrade, MT
Subsidized

Darlinton Manor

606 N 5th Ave
Bozeman, MT
Subsidized

Bozeman Supportive Housing Spirng Run

1325 N 15th Ave
Bozeman, MT
Accessible
Disabled Supportive Housing
Subsidized

Gallatana

400 W. Main
Manhattan, MT

Greenwood Plaza

802 N Grand Ave
Bozeman, MT
Subsidized

Gallatana Forks Apartments

402 W Main St
Manhattan, MT
Subsidized

Housing Authorities that serve Gallatin County

Housing Authority Programs
Montana Department of Commerce Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Gallatin County, Montana

There are 30 low income housing apartment communities offering 1,063 affordable apartments for rent in Gallatin County, Montana. Gallatin County features 462 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 601 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Gallatin County.

Sourced from federal housing data and AffordableHousingOnline.com research.

Gallatin County, MT Affordable Housing Snapshot

Total Affordable Apartment Properties 30
Total Low Income Apartments 1,063
Total Housing Units with Rental Assistance 462
Percentage of Housing Units Occupied By Renters 38.48%
Average Renter Household Size 2.20
Average Household Size 2.39
Median Household Income $55,553 ±$1,893
Median Rent $876 ±$23
Percentage Of Renters Overburdened 47.49% ± 3.03pp
Total Population 95,323

Population and Household Demographics

Gallatin County is a County in Montana with a population of 95,323. There are 38,292 households in the county with an average household size of 2.39 persons. 38.48% of households in Gallatin County are renters.

Income and Rent Overburden in Gallatin County

The median gross income for households in Gallatin County is $55,553 a year, or $4,629 a month. The median rent for the county is $876 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Gallatin County, a household making less than $2,920 a month would be considered overburdened when renting an apartment at or above the median rent. 47.49% of households who rent are overburdened in Gallatin County.1

Area Median Income In Gallatin County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Gallatin County, HUD calculates the Area Median Income for a family of four as $90,300

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Gallatin County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for Gallatin County HUD Rental Assistance in Gallatin County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $18,300 $20,900 $23,500 $26,100 $30,170 $34,590 $39,010 $43,430
50% of Median $30,450 $34,800 $39,150 $43,500 $47,000 $50,500 $53,950 $57,450
80% of Median $48,750 $55,700 $62,650 $69,600 $75,200 $80,750 $86,350 $91,900
Low Income Housing Tax Credits in Gallatin County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1995 to 2006, 16 low income apartment communities containing 724 rental apartments have been constructed and made affordable to low income persons in Gallatin County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Gallatin County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $30,450 $34,800 $39,150 $43,500 $47,000 $50,500 $53,950 $57,450
60% of Median $36,540 $41,760 $46,980 $52,200 $56,400 $60,600 $64,740 $68,940

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Gallatin County is $46,980 a year, or $3,915 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,915 by 30% to get a maximum rent of $1,175 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $761 $816 $979 $1,131 $1,263 $1,393
60% $914 $979 $1,175 $1,358 $1,515 $1,671
Fair Market Rents in Gallatin County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$698 $760 $991 $1,430 $1,740

Cities In Gallatin County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Bozeman 20
Bridger 1
Big Sky 1
Belgrade 3
West Yellowstone 2
Yellowstone 1
Amsterdam 0
Four Corners 0
Gallatin Gateway 0
Gallatin River Ranch 0
Hebgen Lake Estates 0
King Arthur Park 0
Manhattan 2
Sedan 0
Springhill 0
Three Forks 0
Churchill 0
Logan 0
Ponderosa Pines 0
Willow Creek 0