What HUD offices serve Great Falls, Montana?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Montana Public Housing and Low-Income Apartments Waiting Lists page for openings near Great Falls.
How many renters live in Great Falls, Montana?
The City of Great Falls has 60,373 people living in 25,720 households.
There are 18,186 renters living in 8,691 renter households in this City. Renters make up 30.12 percent of the population living in Great Falls.
What is the rental market like in Great Falls, Montana?
There are an estimated 28,089 housing units in the Great Falls area. Of these, 9,419 units are rental homes, making up 34 percent of the housing market. For every renter household in Great Falls, Montana, there are 1 rental units.
What is the vacancy rate for rentals in Great Falls?
The rental vacancy rate in Great Falls is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Great Falls for each bedroom size?
Occupied Rental Units by Size in Great Falls
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 618 | 2,468 | 3,628 | 1,394 | 447 |
Occupied Rental Units by Size in Great Falls
A large number of apartments in Great Falls have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Great Falls are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 21 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Great Falls
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $708 to $1,560. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $708 |
| One BR | $745 |
| Two BR | $979 |
| Three BR | $1,380 |
| Four BR | $1,560 |
2024 Fair Market Rents in Great Falls, Montana
How many units are rented at Fair Market Rent (FMR) in Great Falls?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 412 | 67 percent |
| One BR | 1,709 | 69 percent |
| Two BR | 2,387 | 66 percent |
Rental Units Below FMR in Great Falls, Montana
How many affordable rental units are in Great Falls?
There are a variety of federal affordable housing programs serving households in Great Falls, Montana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 407 |
| Public Housing | 489 |
| Section 8 Project-Based Rental Assistance | 537 |
| Mod Rehab Project-Based Rental Assistance | 148 |
| Section 202 Supportive Housing for the Elderly | 6 |
| Section 811 Supportive Housing for Persons with Disabilities | 41 |
Tracked Units by Federal Program in Great Falls, Montana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Great Falls, Montana
Great Falls features 1,126 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Great Falls, Montana
There are 502 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Great Falls.
Housing Choice Vouchers in Great Falls, Montana
On average, Section 8 Housing Choice vouchers pay Great Falls landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Great Falls.
The maximum amount a voucher would pay on behalf of a low-income tenant in Great Falls, Montana for a two-bedroom apartment is between $881 and $1,077.
Sourced from federal housing data and AffordableHousingOnline.com research.
