Great Falls vs Lincoln
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 6% cheaper for renters. A 2-bedroom rents for $791/mo vs $835/mo in Lincoln — saving $528/year.
Rent by Unit Size
| Unit Size | Great Falls | Lincoln | Difference |
|---|---|---|---|
| Studio | $519 | $561 | $42 |
| 1 Bedroom | $625 | $685 | $60 |
| 2 Bedrooms | $791 | $835 | $44 |
| 3 Bedrooms | $997 | $1,007 | $10 |
| 4 Bedrooms | $1,047 | $1,216 | $169 |
| Median Income | $41,522 | $40,210 | $1,312 |
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
Lincoln
- Studio
- $561/mo
- 1 BR
- $685/mo
- 2 BR
- $835/mo
- 3 BR
- $1,007/mo
- 4 BR
- $1,216/mo
- Median Income
- $40,210/yr
Frequently Asked Questions
Is Great Falls or Lincoln cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $835/mo in Lincoln. That's $44/mo or $528/year more expensive in Lincoln (6% higher).
What is the 2-bedroom rent in Great Falls vs Lincoln?
The HUD Fair Market Rent for a 2-bedroom in Great Falls is $791/month. In Lincoln, a 2-bedroom FMR is $835/month.
How do incomes compare between Great Falls and Lincoln?
The median household income in Great Falls is $41,522/year. In Lincoln it is $40,210/year. Great Falls has the higher median income.
What is the studio rent in Great Falls vs Lincoln?
A studio apartment Fair Market Rent in Great Falls is $519/mo. In Lincoln it is $561/mo.