61,673 (or 5.77%) of the 1,068,778 population of Montana live in 5+ unit apartment properties. Montana has approximately 43,279 multifamily units. Last year, 1,724 new apartment units were constructed in Montana, representing a 4.15% growth in units. Multifamily units make up 9.42% of the total housing stock in Montana.
Interest rates for multifamily loans in Montana are very competitive. Montana apartments are eligible for non-recourse multifamily loans with long term fixed rates and other favorable terms. SoftQuotes' lenders are actively lending on 5+ unit multifamily properties in Montana.
SoftQuotes' lender rates for 5+ unit multifamily loans in Montana are:
Loan Amount |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.72% - 7.57% |
| 7 Year Fixed | 6.68% - 7.18% |
| 10 Year Fixed | 6.64% - 7.12% |
Loan Amount |
$6M to $100M |
|---|---|
| 5 Year Fixed | 5.95% - 6.50% |
| 7 Year Fixed | 5.96% - 6.51% |
| 10 Year Fixed | 5.89% - 6.44% |
The state of Montana has no rent control or preemptions.
Bedrooms |
Low1 |
High2 |
Average2 |
|---|---|---|---|
| Studio | $514 | $853 | $620 |
| 1 bedroom | $561 | $958 | $690 |
| 2 bedroom | $734 | $1,198 | $877 |
| 3 bedroom | $913 | $1,715 | $1,169 |
| 4 bedroom | $1,092 | $2,074 | $1,370 |