Montana is renowned for its breathtaking landscapes and diverse wildlife. Get ready to embark on an adventure and explore the natural beauty of Yellowstone National Park, Grand Teton National Park, Glacier National Park, Flathead Lake, and the Beartooth Mountains, which will leave you mesmerized. Discover Montana's rich history at museums like the Montana Historical Society Museum and the C.M. Russell Museum, providing a glimpse into the state's cultural heritage, or further your education at major universities like Montana State University, the University of Montana, and Rocky Mountain College, offering many academic opportunities.

Montana's economy thrives, powered by agriculture, mining, and tourism, making it a hub of opportunity. As a result, the state offers endless opportunities for outdoor recreation, from skiing and snowboarding at Big Sky and Whitefish to fishing, hiking, and camping in the summer. Explore famous attractions like the Lewis and Clark Trail, the Little Bighorn Battlefield National Monument, and the Museum of the Rockies, each providing a unique glimpse into Montana's history and culture.

With its picturesque landscapes and thriving economy, Montana is an ideal place for those who relish outdoor adventures and a distinct western lifestyle, making it a great place to call home.

Rental Market Trends

Libby, MT

As of August 2025, Libby's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Libby's average rent is 34.5% ($537) lower than the Montana average of $1,556 and 43.1% ($771) lower than the U.S. average of $1,790.

Average Rent

$1,019

Monthly ChangeMonth Over Month Change

3.9% ($38)

Yearly ChangeYear Over Year Change

13.5% ($159)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$771	1% ($8)	9.7% ($68)
2 Beds	$1,070	4.1% ($42)	21.6% ($190)
3 Beds	$1,375	4.6% ($60)	12.2% ($149)

Rental market trends are calculated using listing data from RentalSource.

Frequently Asked Questions

Libby Rental Market FAQs

Explore rental prices, market trends, and availability in Libby, MT.

What is the average rent in Libby, MT?

The average rent in Libby, MT is $1,019 per month.

What is the rental price range for apartments in Libby, MT?

Apartments in Libby typically rent for between $600 and $1,788 per month, with an average of $1,019 per month.

What is the average rent for different bedroom sizes in Libby, MT?

In Libby, the average rent for a 1-bedroom apartment is $771 per month, for a 2-bedroom apartment, $1,070 per month, and a 3-bedroom apartment is $1,375 per month.

How do rent prices in Libby, MT compare with the national average?

The average rent in Libby is 43.1% ($771) lower than the national average of $1,790 per month.

How have rent prices in Libby, MT changed recently?

The average rent in Libby has increased by 3.9% ($38) in the last month and decreased by 13.5% ($159) over the past year.

How competitive is the rental market in Libby, MT?

The rental market in Libby, MT, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in Libby, MT?

In Libby, MT, the average rental stays on the market for approximately 41 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.

How many rental properties are available in Libby, MT?

There are currently 8 rental properties available in Libby, MT.

Can I afford to rent an apartment in Libby, MT?

Based on the current averages, a household would need an annual income of $42,800 to comfortably afford a 2-bedroom apartment in Libby.