Affordable & Income-Based Housing in Bozeman

Affordability

Bozeman has a median monthly rent of $1,717 and a median household income of $85,747, with 55% of residents renting their homes, according to Census ACS 5-Year data (2024). With more than half the city renting, the 307 income-restricted units across Bozeman's HUD-assisted and LIHTC properties can provide meaningful relief for renters who qualify.

Safety

According to FBI Crime Data Explorer, the Bozeman Police Department reported a violent crime rate of 448 per 100,000 residents in 2024. Crime rates vary based on local reporting practices and population size, so they are not directly comparable across cities.

Getting Around Bozeman

According to Walk Score, the area around Bozeman's assisted properties scores 75 (Very Walkable), 27 for Transit (Some Transit), and 73 for Bikeability. These scores reflect conditions near the assisted properties, not the city as a whole.

Schools

Bozeman is served by 23 schools across 7 districts -- including 14 elementary, 5 middle, 3 high schools, and 1 other -- according to NCES Common Core of Data. Quality and programs vary by school and district, so renters should check the assigned schools for a specific address before applying.

Cost of Living in Bozeman

Bozeman is one of Montana's more expensive rental markets. The median gross rent is $1,717 per month and the median household income is $85,747 per year, according to Census ACS 5-Year estimates. Affordable and income-based housing can offer significant savings for eligible renters in this market.

Lease Lantern currently tracks 6 income-restricted properties with 307 total units in Bozeman, including HUD-assisted and LIHTC housing.

Flood and Environmental Exposure

All 6 affordable housing properties in Bozeman have been mapped for flood risk. None are located in a high-risk flood zone, which is a reassuring finding for renters concerned about flood exposure.