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Three Forks, MT
Generally Investor Friendly
Local STR Agent
Local STR Agent

Explicit answer: Yes. Short-term rentals are allowed in Three Forks, Montana, subject to state licensing and health/safety requirements, and any applicable city zoning or conditional use permits. Three Forks does not appear to have city-specific short-term rental restrictions comparable to Bozeman’s; state rules govern, and city zoning determines where lodging can operate. As evidenced in the September 19, 2024 Zoning & Planning Board minutes, lodging uses (cabins) have been approved and amended via a conditional use permit in the city’s agricultural zoning district, with the city attorney clarifying that such cabins do not fall under the “short-term rental requirements of the Residential District.” See Source: www.threeforksmontana.us/documents/650/Minutes_9.19.2024_Zoning.pdf?1731020552
Below is a step-by-step guide tailored to Three Forks and Montana. It is written for serious investors who need clear, practical steps and compliance checks.
Use this checklist for a complete compliance package:
State (Montana DPHHS)
Local (City of Three Forks)
Taxes (Montana Department of Revenue)
Operations
Montana (State-level)
City of Three Forks
County (Gallatin County)
County-Level Planning Context (General Montana)
For licensing and health/safety:
For taxation:
For zoning and CUPs (City of Three Forks):
If you want, I can create a one-page checklist and a zoning pre-screening memo template based on these sources.
Three Forks hosts earn a median $23,982/year with $180 ADR and 48% occupancy.
Top performers pull in $26,460+ per year.
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Three Forks is a small town in southwestern Montana, situated in Gallatin County at the spot where the Jefferson, Madison, and Gallatin rivers converge to form the Missouri River. With a population of approximately 1,900 residents, the community has a quiet, rural character and is best known as the historic headwaters of the Missouri and a stepping-off point for outdoor recreation in the greater Yellowstone region. The town sits along Interstate 90 roughly 30 miles west of Bozeman, with Helena and Butte each within about an hour's drive.
Just a few minutes from the town center, Missouri Headwaters State Park preserves the exact point where the three rivers meet. This is where the Lewis and Clark Expedition camped in July 1805 on their journey to the Pacific, and the park today offers interpretive displays, walking trails along the riverbanks, and excellent opportunities for picnicking, wildlife viewing, and fly fishing. Its proximity to downtown Three Forks makes it an easy stop for travelers and a convenient amenity for guests staying in the area.
Roughly 30 miles to the west lies Lewis and Clark Caverns State Park, home to one of the largest limestone cave systems in the American West. Guided tours take visitors through chambers of stalactites, stalagmites, and other dramatic formations, while the surrounding park offers hiking trails, a campground, and forested picnic areas. The combination of a unique underground tour and surface recreation makes the caverns a popular day trip from Three Forks.
South of town, the Madison River Valley stretches toward the small communities of Ennis and Virginia City, a preserved nineteenth-century mining town with a wooden boardwalk main street, museums, and seasonal stagecoach rides. Anglers travel this corridor for the blue-ribbon trout fishing on the Madison, and the same highway continues south toward Yellowstone National Park, which lies roughly two hours beyond Three Forks by car.
Three Forks appeals to short-term rental owners because it offers a quieter, more affordable alternative to staying in Bozeman while keeping visitors within easy reach of the Missouri headwaters, two notable state parks, and the broader southwestern Montana recreation network. Its blend of Lewis and Clark history, river-based activities, and proximity to larger regional destinations gives the town year-round appeal for travelers exploring the area.
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