Yellowstone County, Montana - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted (Zillow)

Updated on March 22, 2026.

According to data from Zillow.com, the smoothed and seasonally adjusted Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily in Yellowstone County, Montana in February 2026 was $1,362.917. The month over month percentage change (MoM) was 0.45%, and the year over year percentage change (YoY) was 4.43%.

The chart below shows the trend of the smoothed and seasonally adjusted ZORI for Yellowstone County, MT. The table below shows the trend of the smoothed and seasonally adjusted ZORI, and the MoM and YoY percentage changes for Yellowstone County, MT.

You can see similar information for other Montana counties.

Note: Zillow Observed Rent Index (ZORI) is a smoothed measure of the typical observed market rate rent across a given region. ZORI is a repeat-rent index that is weighted to the rental housing stock to ensure representativeness across the entire market, not just homes currently listed for-rent.

Data Source: Zillow.
Yellowstone County, MT - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted ($)
Yellowstone County, MT - Trend of Zillow Observed Rent Index (ZORI) for All Homes Plus Multifamily, Smooth and Seasonally Adjusted
1 – 10 of 134
Month ZORI ($) MoM Perc. Change (%) YoY Perc. Change (%)
Jan 2015 785.3531108140951 607.53 NaN
Feb 2015 807.0916222475283 2.77 NaN
Mar 2015 818.0829746775808 1.36 NaN
Apr 2015 831.4212077249053 1.63 NaN
May 2015 833.1896833300874 0.21 NaN
Jun 2015 825.9370981476685 -0.87 NaN
Jul 2015 820.2427002128298 -0.69 NaN
Aug 2015 819.5052881983867 -0.09 NaN
Sep 2015 821.3480645268653 0.23 NaN
Oct 2015 831.9756634824817 1.29 NaN
Nov 2015 827.5880240356706 -0.53 2658.63
Dec 2015 829.3872167973707 0.22 647.20
Jan 2016 821.442217665954 -0.96 4.60
Feb 2016 830.8428778107517 1.14 2.94
Mar 2016 832.1011351902487 0.15 1.71
Apr 2016 828.9632759339763 -0.38 -0.30
May 2016 826.7287553084542 -0.27 -0.77
Jun 2016 828.8310052979022 0.25 0.35
Jul 2016 836.1359076982399 0.88 1.94
Aug 2016 838.7917525369329 0.32 2.35
Sep 2016 844.333596344732 0.66 2.80
Oct 2016 840.432812266332 -0.46 1.02
Nov 2016 840.1430703099699 -0.03 1.52
Dec 2016 831.4714852832071 -1.03 0.25
Jan 2017 837.9587328981036 0.78 2.01
Feb 2017 841.1873572665329 0.39 1.25
Mar 2017 848.0556536109627 0.82 1.92
Apr 2017 847.5639726704137 -0.06 2.24
May 2017 845.0960307190854 -0.29 2.22
Jun 2017 844.0724284456068 -0.12 1.84
Jul 2017 843.4504380371343 -0.07 0.88
Aug 2017 844.598987874449 0.14 0.69
Sep 2017 846.7587613301755 0.26 0.29
Oct 2017 845.9435072217607 -0.10 0.66
Nov 2017 848.4217564962498 0.29 0.99
Dec 2017 847.8397477770728 -0.07 1.97
Jan 2018 849.20581495186 0.16 1.34
Feb 2018 848.1119393728052 -0.13 0.82
Mar 2018 849.5534634053477 0.17 0.18
Apr 2018 850.8002558037986 0.15 0.38
May 2018 852.7709104070733 0.23 0.91
Jun 2018 856.6836334203142 0.46 1.49
Jul 2018 860.9376356040046 0.50 2.07
Aug 2018 864.9158480358267 0.46 2.41
Sep 2018 866.9320859394621 0.23 2.38
Oct 2018 868.6887673336577 0.20 2.69
Nov 2018 871.2439024222432 0.29 2.69
Dec 2018 876.0212715666378 0.55 3.32
Jan 2019 876.0133348962581 0.00 3.16
Feb 2019 877.7043525158649 0.19 3.49
Mar 2019 876.9247505687249 -0.09 3.22
Apr 2019 880.8119803510557 0.44 3.53
May 2019 885.0533895496142 0.48 3.79
Jun 2019 886.6330341519531 0.18 3.50
Jul 2019 886.9151338242887 0.03 3.02
Aug 2019 887.7912003658255 0.10 2.65
Sep 2019 889.2176169773215 0.16 2.57
Oct 2019 894.3940614946781 0.58 2.96
Nov 2019 896.8429115070293 0.27 2.94
Dec 2019 900.9438422454291 0.46 2.85
Jan 2020 904.908867761941 0.44 3.30
Feb 2020 909.5700835650866 0.52 3.63
Mar 2020 918.5756192860302 0.99 4.75
Apr 2020 910.7125555340855 -0.86 3.40
May 2020 907.6708788138958 -0.33 2.56
Jun 2020 911.239839989194 0.39 2.78
Jul 2020 924.7698149016197 1.49 4.27
Aug 2020 938.0004068348009 1.43 5.66
Sep 2020 952.7404151448053 1.57 7.14
Oct 2020 964.8839084618469 1.27 7.88
Nov 2020 977.329065542002 1.29 8.97
Dec 2020 981.774961349874 0.46 8.97
Jan 2021 980.5182213120783 -0.13 8.36
Feb 2021 980.65147235591 0.01 7.82
Mar 2021 987.2084315597458 0.67 7.47
Apr 2021 1014.6634996511741 2.78 11.41
May 2021 1032.3025839295944 1.74 13.73
Jun 2021 1053.6174473318051 2.07 15.63
Jul 2021 1059.803672761988 0.59 14.60
Aug 2021 1066.4059934491472 0.62 13.69
Sep 2021 1074.75089270156 0.78 12.81
Oct 2021 1083.5366134929136 0.82 12.30
Nov 2021 1098.6066008729674 1.39 12.41
Dec 2021 1102.696610102778 0.37 12.32
Jan 2022 1113.4001945561497 0.97 13.55
Feb 2022 1125.7157273897824 1.11 14.79
Mar 2022 1144.1826759797705 1.64 15.90
Apr 2022 1154.6860790648234 0.92 13.80
May 2022 1173.7192617109226 1.65 13.70
Jun 2022 1184.0235404456903 0.88 12.38
Jul 2022 1198.9742122943007 1.26 13.13
Aug 2022 1208.2208522243307 0.77 13.30
Sep 2022 1213.0898252302743 0.40 12.87
Oct 2022 1216.3184232811177 0.27 12.25
Nov 2022 1211.415730642817 -0.40 10.27
Dec 2022 1223.3360754807425 0.98 10.94
Jan 2023 1235.207175336199 0.97 10.94
Feb 2023 1246.390821082187 0.91 10.72
Mar 2023 1249.1819220102586 0.22 9.18
Apr 2023 1243.698607408806 -0.44 7.71
May 2023 1248.668296935405 0.40 6.39
Jun 2023 1244.3354878701589 -0.35 5.09
Jul 2023 1248.209143300266 0.31 4.11
Aug 2023 1246.4059332202285 -0.14 3.16
Sep 2023 1251.3595473845369 0.40 3.16
Oct 2023 1251.2598247777078 -0.01 2.87
Nov 2023 1256.6830493114169 0.43 3.74
Dec 2023 1268.456483097497 0.94 3.69
Jan 2024 1277.9607493343517 0.75 3.46
Feb 2024 1281.370835180907 0.27 2.81
Mar 2024 1278.1334239821929 -0.25 2.32
Apr 2024 1281.4650453249465 0.26 3.04
May 2024 1276.0058468986695 -0.43 2.19
Jun 2024 1283.1663554403617 0.56 3.12
Jul 2024 1282.351738471027 -0.06 2.74
Aug 2024 1292.9716479510412 0.83 3.74
Sep 2024 1293.4644150893432 0.04 3.37
Oct 2024 1302.3738393189983 0.69 4.09
Nov 2024 1305.4967948532062 0.24 3.88
Dec 2024 1307.5829794186322 0.16 3.09
Jan 2025 1306.167547055526 -0.11 2.21
Feb 2025 1305.1420587426967 -0.08 1.86
Mar 2025 1313.4669484189274 0.64 2.76
Apr 2025 1321.5793832906643 0.62 3.13
May 2025 1329.7030099185863 0.62 4.21
Jun 2025 1334.227762108476 0.34 3.98
Jul 2025 1340.206698757491 0.45 4.51
Aug 2025 1340.9698965848258 0.06 3.71
Sep 2025 1346.882972565331 0.44 4.13
Oct 2025 1348.8731256926374 0.15 3.57
Nov 2025 1354.053883124227 0.38 3.72
Dec 2025 1353.635089827441 -0.03 3.52
Jan 2026 1356.8825781094993 0.24 3.88
Feb 2026 1362.9169358311801 0.45 4.43