Belgrade, Montana Short-Term Rental Market
Belgrade and Emigrant area STRs averaged $389 a night at 63.7% occupancy and $6,823 monthly revenue in August 2026.
Quick Answer: Belgrade, Montana is an active short-term rental market. average occupancy in the Bozeman/Yellowstone Natl Park market area is 64%. average monthly revenue in the Bozeman/Yellowstone Natl Park market area is $5,797. average daily rate in the Bozeman/Yellowstone Natl Park market area is $344. the top operator in the Bozeman/Yellowstone Natl Park market area is Stay Montana with 198 listings. market score is 70/100 (grade C).
Market data reflects the Bozeman/Yellowstone Natl Park regional market, which includes Belgrade. Regulations, taxes, and permit details below are specific to Belgrade.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
Belgrade is a Gallatin Valley town in southwest Montana, near Bozeman and the Bozeman Yellowstone International Airport. The performance figures on this page come from the Belgrade and Emigrant area STR market series, which Apivex reports as one shared data set for Belgrade and Emigrant, a Paradise Valley community on the way to Yellowstone National Park. Treat the numbers as a regional benchmark rather than a Belgrade only measurement.
In August 2026 the Belgrade and Emigrant area STR market averaged a nightly rate of $389 at 63.7% occupancy, with average monthly revenue of $6,823. Compared with August 2025, occupancy fell 2.5%, the average daily rate rose 13.1%, and revenue rose 0.9%. Rate gains offset the occupancy loss.
Calendar year 2025 averaged 56.4% occupancy, a $396 daily rate and $5,885 in monthly revenue. That compares with 55.6%, $371 and $5,431 in 2024. January through August 2026 averages 59.4% occupancy, a $481 rate and $7,406 in monthly revenue. That partial year includes the high-rate winter months and leaves out the slow autumn, so do not compare it directly with a full year.
The market has two peaks. Winter brings the highest rates and revenue, and summer brings the highest occupancy.
Listing counts, bedroom mix, booking channel mix and listing type mix are tracked at a shared regional level rather than uniquely for Belgrade, so this profile omits them. Property manager rankings are handled the same way.
The Zillow typical home value is $554,966 (June 2026 snapshot). Median sale price was $524,650 against a median list price of $628,166, and 111 homes were for sale.
Seasonal Patterns
| Month | Occupancy |
|---|---|
| Jan | 48% |
| Feb | 63% |
| Mar | 60% |
| Apr | 35% |
| May | 57% |
| Jun | 73% |
| Jul | 73% |
| Aug | 65% |
| Sep | 60% |
| Oct | 45% |
| Nov | 39% |
| Dec | 52% |
Month-by-month nightly rates and revenue figures for Belgrade are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Top Short-Term Rental Operators in Bozeman/Yellowstone Natl Park market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Bozeman/Yellowstone Natl Park market as a whole, which includes Belgrade, so these counts are not Belgrade-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Stay Montana | 198 | 7,922 | ★ 4.75 |
| 2 | Big Sky Vacation Rentals | 132 | 3,304 | ★ 4.87 |
| 3 | Evolve | 128 | 9,092 | ★ 4.85 |
| 4 | Two Pines Properties | 123 | 2,649 | ★ 4.87 |
| 5 | Mountain Home | 115 | 5,096 | ★ 4.84 |
What Kind of STR Should I Buy in Belgrade?
Revenue and nightly-rate breakdowns by bedroom count, property tier, and dwelling type for Belgrade are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 29.9% |
| vrbo | 11.5% |
| both | 58.6% |
Home Value Trends (Belgrade)
Typical home values, median sale prices, and the 10-year price trend for Belgrade are available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Booking Insights
Booking-window and length-of-stay analysis for Belgrade — how far ahead guests book and how to price around it — is available to StaySTRA Pro members. Unlock with StaySTRA Pro or analyze a specific address free.
Short-Term Rental Regulations
The local STR rules on file for this market are those of the City of Bozeman, a neighboring city. The profile does not include separate rules for Belgrade or Emigrant, so confirm requirements with the city or county that covers the property before buying.
Montana applies an 8% statewide lodging tax to STRs, made up of a 4% Lodging Facility Use Tax and a 4% Lodging Facility Sales Tax. Montana also began a new property tax classification in 2026, at 1.9% of assessed value for non-owner-occupied STRs.
Bozeman is restrictive. Ordinance 2149, effective December 14, 2023, ended new non-owner-occupied STRs, and about 104 existing units were grandfathered. New permits require the host to occupy the property as a primary residence at least 70% of the year. The annual STR Hosting Permit costs $250. A Montana Public Accommodations License and a fire safety inspection at initial registration and every three years also apply. Operating without registration is a misdemeanor.
Bozeman’s Unified Development Code, effective February 1, 2026, limits STRs in its lowest-density residential district to owner-present rentals. Gallatin County unincorporated areas have separate and more limited rules, and unzoned county land still requires the Public Accommodations License. Bozeman enforcement is rated strict. These Bozeman rules do not apply to Belgrade, but they show how the Gallatin Valley treats investor-owned STRs.
Market Comparison
A common national benchmark is a median STR occupancy near 55% and a median daily rate near $220. The 2025 calendar-year average for the Belgrade and Emigrant series was 56.4% occupancy and a $396 rate. That is about 1.4 points above the occupancy benchmark and about 80% above the rate benchmark.
August 2026 shows the same pattern. Occupancy of 63.7% sits about 9 points above the national figure, and the $389 rate is about 77% above the national benchmark. The market fills slightly more nights than the national median and earns far more per night.
That makes this a premium rate market with two seasons. The monthly average rate stays above the national benchmark in 11 of 12 months, but occupancy drops below 40% in April and November.
Property manager rankings are tracked at a shared regional level rather than uniquely for Belgrade, so this profile omits them. Check manager track records in the specific town before hiring one.
Frequently Asked Questions About Belgrade, Montana
What is the average daily rate for Airbnb rentals near Belgrade, Montana?
What is the occupancy rate for short-term rentals near Belgrade?
What are the best months for Belgrade short-term rentals?
Do I need a permit for a short-term rental near Belgrade?
How much does a typical home cost near Belgrade?
How far ahead do guests book, and how long do they stay?
Is this data specific to Belgrade alone?
Analyze Belgrade Rentals
Use our free calculator to estimate Airbnb revenue for any property in Belgrade.
Free Belgrade STR Calculator →
