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Housing in Park County
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Park County averages $976/month for a 2‑bedroom in 2024, compared to the Montana median of $1,081 and the national median of $1,413. Local renters spend approximately 24% of household income on rent, below the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Park County FMR Area are $1,151 for a studio, $1,441 for 1‑bedroom, $1,670 for 2‑bedroom, $2,323 for 3‑bedroom, and $2,802 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $694 increase for a 2-bedroom in Park County shows a 71% rise over that period.
Towns near Cooke City
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Miles
Red Lodge: A Mountain Paradise
Originally the Crow Indians considered this a sacred place for worship and hunting. The town of Red Lodge, Montana was established in 1884, then the the Rocky Fork Coal Company opened its mine here in 1887 which caused the town to boom, attracting immigrants from Europe.
The coal boom declined with the Great Depression followed by a tragic mine disaster in 1943. The town shifted towards tourism and agriculture and now serves as host to recreational enthusiasts and travelers visiting Yellowstone National Park.
Recreation in Southeastern Montana
The Beartooth Mountains rise up as the largest land mass above 10,000 feet in the continental United States. The route to Yellowstone National Park from Red Lodge is called the Beartooth Highway and offers stunning vistas.
The area provides numerous hiking trails. Summer brings opportunities for horseback riding, fishing, and whitewater rafting along the Stillwater River and Rock Creek. In winter, enjoy skiing and snowboarding at Red Lodge Mountain, or explore scenic trails by snowshoes or cross-country skiing.
Affordable Housing for Low-Income Households
Both houses and apartments are available for rent in Red Lodge that meet affordable housing standards: Section 8 Tenant Based, Section 8 Project Based, Section 42 Tax Credit, and USDA Rural Development.
