What is the Fair Market Rent in Helena, MT?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home is $1,650 a month in each of the 2 ZIP codes that cover Helena.

By ZIP code: 59623 $1,650, 59625 $1,650.

Across the whole Lewis and Clark County, MT HUD Metro FMR Area the two-bedroom figure is $1,653.

The Census Bureau’s median gross rent for a two-bedroom home in Helena is $1,151 (±$63), below the Small Area figure for ZIP 59623.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,653
2 bedrooms, ZIP 59623: $1,650
2 bedrooms, ZIP 59625: $1,650

Fair Market Rents for Helena, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Lewis and Clark County, MT HUD Metro FMR Area (whole area)	$1,151	$1,320	$1,653	$2,289	$2,392	—
ZIP 59623	$1,150	$1,320	$1,650	$2,280	$2,390	—
ZIP 59625	$1,150	$1,320	$1,650	$2,280	$2,390	—

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Helena

What is the Section 8 payment standard in Helena?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Lewis and Clark County, MT HUD Metro FMR Area is $1,653, and the Small Area figure for 59623 is $1,650.

What is the Fair Market Rent for a two-bedroom in ZIP 59623?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 59623 is $1,650 a month.

What is the Fair Market Rent for a two-bedroom in ZIP 59625?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 59625 is $1,650 a month.

What is the Fair Market Rent for a one-bedroom in Helena?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 59623 is $1,320 a month, against $1,320 across the Lewis and Clark County, MT HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.