Great Falls vs Lafayette
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 7% cheaper for renters. A 2-bedroom rents for $741/mo vs $791/mo in Great Falls — saving $600/year.
Rent by Unit Size
| Unit Size | Great Falls | Lafayette | Difference |
|---|---|---|---|
| Studio | $519 | $502 | $17 |
| 1 Bedroom | $625 | $626 | $1 |
| 2 Bedrooms | $791 | $741 | $50 |
| 3 Bedrooms | $997 | $958 | $39 |
| 4 Bedrooms | $1,047 | $1,134 | $87 |
| Median Income | $41,522 | $38,989 | $2,533 |
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/yr
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/yr
Frequently Asked Questions
Is Great Falls or Lafayette cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $791/mo in Great Falls. That's $50/mo or $600/year more expensive in Great Falls (7% higher).
What is the 2-bedroom rent in Great Falls vs Lafayette?
The HUD Fair Market Rent for a 2-bedroom in Great Falls is $791/month. In Lafayette, a 2-bedroom FMR is $741/month.
How do incomes compare between Great Falls and Lafayette?
The median household income in Great Falls is $41,522/year. In Lafayette it is $38,989/year. Great Falls has the higher median income.
What is the studio rent in Great Falls vs Lafayette?
A studio apartment Fair Market Rent in Great Falls is $519/mo. In Lafayette it is $502/mo.