Montana Public Radio

Sterling Commercial Real Estate Advisors

For rent sign in front of a house.
iStock

Finding an apartment in Missoula became even harder in the last few months of 2020. 

Sterling Commercial Real Estate Advisors in Missoula released a report Wednesday that says the available rental housing rate dropped below one percent in the fourth quarter last year. The report says a balanced rental estate market would have about a four percent vacancy rate and that Missoula’s low rate means new housing isn’t keeping up with demand.