Performance indicators for the Belgrade short-term rental market based on reliable data.
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The highest-performing listings in Belgrade.
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Challenging to Investors
STRs are legal only as owner‑occupied Types 1/2 (new non‑owner‑occupied Type 3 is banned, legacy Type 3 allowed to continue). Compliance requires city permits, annual renewal fee, Montana health and fire inspections, tax registration, occupancy/parking caps, and platform reporting—moderate‑to‑high complexity that narrows investable stock.
Local STR Agent
STR specialist · Belgrade, MT
Belgrade is a small city in southwestern Montana, situated in Gallatin County amid the sweeping valleys and mountain ranges of the northern Rockies. With a population of roughly eight to nine thousand residents, it has the feel of a growing, family-oriented community that still retains its high-plains, small-town character. Belgrade is best known as the home of the Bozeman Yellowstone International Airport, the busiest airport in the state, and serves as a practical base for travelers heading into the surrounding wilderness. The city sits about ten miles northwest of Bozeman, the nearest major city, and roughly ninety miles north of the West Yellowstone entrance to Yellowstone National Park.
Just south of town, the city of Bozeman offers an appealing complement to a stay in Belgrade. About a fifteen-minute drive away, Bozeman is home to Montana State University and the Museum of the Rockies, a well-known regional museum that draws visitors with its paleontology collections and exhibits on the natural and cultural history of the region. The walkable downtown, with its galleries, restaurants, and shops along Main Street, gives guests a sense of Montana's contemporary culture and university-town energy without requiring a long detour from Belgrade.
Outdoor recreation is a major draw, and the Bridger Mountains rise just to the east of Belgrade, framing the city with dramatic ridgelines. Bridger Bowl, a community-owned ski area on the northern slope of the range, is about a twenty-five-minute drive from town and offers downhill skiing in winter and hiking in summer. The surrounding Gallatin National Forest spreads out in all directions, providing trails, rivers, and wildlife habitat that attract hikers, anglers, and mountain bikers throughout the warmer months.
To the south, Big Sky Resort and the residential community of Big Sky lie roughly forty-five miles away along Highway 191, offering year-round skiing in winter and hiking, mountain biking, and rafting in summer. Farther south, Yellowstone National Park, one of the country's most iconic natural destinations, is accessible in about a two-hour drive via the West Yellowstone entrance, making Belgrade a natural overnight stop for visitors who prefer quieter lodging to the busier gateway towns.
Belgrade's combination of small-town character, proximity to the state's main airport, and easy access to Bozeman, the Bridger Range, Big Sky, and Yellowstone makes it a quietly compelling base for short-term rentals. Visitors can enjoy a more relaxed, residential setting while remaining within easy reach of the region's marquee attractions, and travelers passing through Montana often find it a convenient and welcoming place to begin or end a Rocky Mountain adventure.