The average rent price in the Montana region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.
The price per sq.feet in Montana has fallen considerably in the last 6 months. During July, the average price per sq.feet was $3.21. The following month (August) the price had a considerable fall reaching $1.1 per sq.feet. The following two months (September, October) went through a considerable fall of 50 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 70 %. This has been obtained by comparing the price of $1.62 for the first four months of the sample with regard to the previous 4 months and the price of $1.12 per sq.feet for the last two months (November, December).
When referring to the price in Montana (region), this has fallen in the last 6 months. July has an average price of $1,171. During Augustthe price had a slight fall till $1,087. In the following two months the average price practically remained the same compared to the previous two going from $1,129 to $1,099. During the last two months the average price has not gone through any changes and has gone from $1,114 to $1,080.5 during November and December.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 23 % cheaper than the average price in Montana followed by those with 2 with an average price of $1,109. The most expensive properties have 4 bedrooms. They are 48 % more expensive than the average followed by those properties with 3 bedrooms priced at $1,234.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $0.84 / sq.feet being $1.1 / sq.feet the average for Montana. The properties with the highest average price are those with 1 bedroom. These are 7 % more expensive than the average followed by those with 2 bedrooms with a price of $1.06 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $1,072 it is 13 % cheaper than the average in Montana. This is followed by "" with a cost of $1,610. The most expensive property type is "Condo" and is 94 % more costly than the average, followed by "" with a cost of $1,610.
Based upon the average cost per sq.feet the most expensive property type is "House with a an average price of $1.13 / sq.feet, followed by "Condo" with a price of $1.52 / sq.feet. "Condo" with an average price of $1.52 / sq.feet is the most expensive type of property followed by "House" at a price of $1.13 / sq.feet.