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Generally Investor friendly
STRs are explicitly permitted and operate under a state-first framework with minimal local restrictions—no caps, limited zoning limits, and a generally supportive tone. Investors must obtain a Montana Public Accommodation License (annual, moderate fees), complete tax registration (8% combined lodging taxes), and pass city safety inspections, but compliance is clear and manageable without onerous caps or bans.
Local STR Agent
STR specialist · Great Falls, MT
Great Falls is the seat of Cascade County in north-central Montana, with a population of roughly 60,000 residents. Straddling the Missouri River, the city carries the nickname "Electric City" for the five hydroelectric dams built on the falls that give the town its name. It serves as a regional hub for agriculture, healthcare, and outdoor recreation, and as a natural gateway to the high plains, the Rocky Mountain front, and the Missouri River corridor that Lewis and Clark followed in 1805. The nearest major city is Helena, the state capital, located approximately 90 miles to the south along Interstate 15.
The C. M. Russell Museum Complex celebrates the life and art of the cowboy painter Charles M. Russell, who spent much of his career in and around Great Falls. The complex includes his original log cabin studio and a large gallery of his paintings and bronzes depicting the American West, and it sits on the south side of the river just a few minutes from the central business district.
Just east of town, Giant Springs State Park is anchored by one of the largest freshwater springs in the world, which gushes out of the Madison Limestone at a steady rate and feeds the Roe River, often listed among the world's shortest rivers. The park offers walking paths, fish hatchery tours, picnic areas, and direct access to the Missouri River, all within about a fifteen-minute drive from downtown Great Falls.
About 25 miles southeast of the city near the small community of Ulm, First People's Buffalo Jump State Park preserves Ulm Pishkun, one of the largest prehistoric bison kill sites in North America. The park's interpretive trail, small museum, and overlook give visitors a striking look at how Indigenous hunters drove bison over the cliff for thousands of years, and it is roughly a half-hour drive from Great Falls via US Highway 87.
North of town, the Lewis and Clark National Historic Trail Interpretive Center offers panoramic views over the Missouri River and a thorough look at the Corps of Discovery's difficult portage around the Great Falls in 1805. The center is a short drive from the city center and pairs naturally with visits to the falls themselves and to Giant Springs along the river.
Great Falls makes a compelling base for short-term rentals because it blends a genuine small-city feel with an unusually rich mix of frontier history, Native American heritage, and outdoor recreation. Visitors can spend mornings at a museum and afternoons on the river or in a state park without long drives, while the surrounding landscape opens into some of Montana's most photographed country toward Glacier National Park and the Rocky Mountain front to the north.