Lewistown, MT Airbnb Market Data, Statistics, and Occupancy Rates

Lewistown Short-Term Rental Market Overview

Lewistown, MT is a compact short-term rental market with just 27 active Airbnb listings and an average annual revenue of $27,993 per property. While the ADR of $194 sits well below the Montana state average of $443, property values averaging $555,916 and above-average occupancy stability create a workable revenue-to-price dynamic. The market's small supply base and 188% year-over-year listing growth suggest rising investor interest in this central Montana destination, though the low overall occupancy rate of 27% means careful property selection and seasonal strategy are essential.

Key Market Statistics

According to Rabbu market data, the Lewistown short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026.

Why Investors Consider Lewistown

Investors are drawn to Lewistown for its favorable revenue-to-price balance and occupancy consistency relative to Montana peers, despite the market's modest scale.

Expert Market Assessment

"Lewistown presents a moderate investment opportunity suited to investors comfortable with pronounced seasonality and a smaller market footprint. Revenue peaks sharply in June and July—when monthly averages climb above $3,500—then softens considerably during winter, with February bottoming out near $966. The ROI score of 61 out of 100 reflects a balanced picture: healthy occupancy stability and a reasonable revenue-to-price ratio offset by below-average growth trends. Investors who can manage costs during quieter months and maximize bookings in peak season stand to benefit most."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Lewistown

Average revenue by month in Lewistown

Lewistown's revenue seasonality is pronounced, with July ($3,707) and June ($3,523) delivering the highest monthly earnings while February ($966) marks the low point—a spread of nearly $2,750. Interestingly, November ($3,351) and September ($3,127) also perform well, suggesting fall hunting and event-driven demand supplements the summer peak.

Active Airbnb listings by property size in Lewistown

Two-bedroom properties dominate the supply with 9 listings, while 1-bedroom and 3-bedroom units each account for 6 listings. The relatively even distribution across sizes means no single configuration is dramatically underserved, though the small total count of 21 categorized listings leaves room for new entrants at any size.

Average daily rate (ADR) by property size in Lewistown

ADR scales steadily with bedroom count, from $111 for 1-bedroom units to $205 for 3-bedroom properties—a near-doubling that suggests guests are willing to pay a meaningful premium for space. The jump from 2 bedrooms ($149) to 3 bedrooms ($205) represents the steepest rate increase, making larger units particularly attractive on a per-night basis.

Average RevPAN by property size in Lewistown

Three-bedroom properties deliver the highest RevPAN at $49, followed by 2-bedroom units at $39 and 1-bedroom listings at $27. This progression mirrors the ADR pattern and confirms that larger properties generate more revenue per available night despite similar occupancy rates across sizes.

Average occupancy rates by property size in Lewistown

Occupancy rates are tightly clustered between 24% and 27% across all property sizes, with 2-bedroom units slightly leading at 27% and 3-bedroom units trailing at 24%. The narrow spread indicates that property size has little impact on booking frequency, so revenue differentiation comes primarily from rate rather than fill rate.

Average monthly revenue by property size in Lewistown

Three-bedroom listings lead monthly revenue at $2,573, outpacing 2-bedroom units ($1,831) by roughly 40% and 1-bedroom properties ($1,582) by over 60%. For investors prioritizing monthly cash flow, the 3-bedroom segment offers the strongest earning potential in Lewistown.

Average annual revenue by property size in Lewistown

Annual revenue follows the same pattern, with 3-bedroom properties generating $30,880—roughly 63% more than 1-bedroom units at $18,987 and 40% more than 2-bedroom listings at $21,983. Given the ADR and RevPAN advantages, 3-bedroom homes represent the strongest revenue configuration in this market.

Most common amenities for Airbnb listings in Lewistown

Parking is offered by 100% of Lewistown listings, reflecting the car-dependent nature of central Montana travel, while kitchens (93%) and self check-in (89%) are nearly universal. Outdoor-oriented amenities like backyards (63%), BBQ grills (63%), and outdoor furniture (70%) signal that guests expect a comfortable, self-sufficient stay—investors should prioritize these staples over luxury add-ons like hot tubs (only 7%).

Understanding Lewistown's ROI Score: 61/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Lewistown's ROI score of 61 out of 100 places it in the "Attractive Opportunity" band, reflecting a balanced but not exceptional investment profile. The market's strongest signal is above-average occupancy stability, meaning demand—though modest—tends to be reliable, while the revenue-to-price ratio and supply/demand balance sit at average levels. The below-average market growth trend is the primary drag on the score, so investors should pair this data with on-the-ground regulatory research and a realistic seasonal cash-flow model before committing.

Short-Term Rental Regulations in Lewistown

Understanding local STR regulations is essential before investing in Lewistown. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Lewistown, Montana may be required to obtain local business permits or register their rental property with the city. Investors should verify current requirements directly with Lewistown city offices and Fergus County before listing a property.

Key Restrictions

Common STR restrictions in Montana communities can include occupancy limits, noise and nuisance ordinances, parking requirements, and HOA covenants that may restrict or prohibit short-term rentals. Some jurisdictions also impose minimum stay requirements or cap the number of active permits, so it's important to review both municipal and neighborhood-level rules.

Tax Obligations

Montana does not impose a statewide sales tax, but short-term rental hosts are generally subject to the state's lodging facility use tax and may owe local resort or tourism taxes depending on the jurisdiction. Platforms like Airbnb often collect and remit some of these taxes automatically, though hosts should confirm their full obligations with a local tax advisor.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Lewistown can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Lewistown's STR market is likely to continue absorbing new supply as listing growth has been substantial. Occupancy may face modest downward pressure if supply additions outpace demand, though the market's above-average occupancy stability suggests a resilient base of visitors. Investors should expect continued seasonality, with summer months driving the lion's share of revenue, and ADRs that could edge up 1–3% as hosts refine pricing for peak periods. The below-average market growth trend warrants tempered expectations—steady, modest returns are more realistic than rapid appreciation."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Lewistown, MT

What is the average Airbnb occupancy rate in Lewistown?

The average occupancy rate for Airbnb listings in Lewistown is currently 27%, which falls below Montana's state average of 47%. Occupancy varies by property size, with 2-bedroom units performing slightly better at 27% and 3-bedroom units sitting at 24%. The market's above-average occupancy stability, however, suggests that the demand base is consistent even if it doesn't fill calendars at the same rate as larger Montana destinations.

How much do Airbnb hosts make in Lewistown?

On average, Airbnb hosts in Lewistown earn approximately $2,332 per month and $27,993 per year based on trailing 12-month performance. Revenue varies significantly by property size: 1-bedroom listings average about $18,987 annually, 2-bedroom units bring in roughly $21,983, and 3-bedroom properties lead at around $30,880 per year. Peak months like June and July can generate over $3,500, while winter months may dip below $1,000.

Is Lewistown a good market for Airbnb investment?

Lewistown earns an ROI score of 61 out of 100 from Rabbu, placing it in the 'Attractive Opportunity' tier. The market offers an average revenue-to-price ratio and above-average occupancy stability, making it a reasonable choice for investors seeking steady, if not spectacular, returns. The small supply base of 27 listings limits direct competition, though the below-average market growth trend means appreciation-driven gains may be slower. Investors who can optimize for seasonal demand and keep operating costs lean are best positioned to succeed here.

What is the average daily rate (ADR) for Airbnb in Lewistown?

The current average daily rate in Lewistown is $194, well below Montana's statewide average of $443. ADR scales with property size: 1-bedroom listings average $111, 2-bedroom units come in at $149, and 3-bedroom properties command $205 per night. While rates are lower than resort-heavy Montana markets, they align with the area's property values and guest expectations.

Are short-term rentals legal in Lewistown?

Short-term rentals are generally permitted in Lewistown, MT, though operators may need to secure local permits or business licenses and comply with applicable zoning rules. Montana's regulatory landscape for STRs varies by municipality, so investors should check directly with the City of Lewistown and Fergus County for the most current requirements, including any restrictions on occupancy, parking, or permit caps.

When is peak season for Airbnb in Lewistown?

Peak season in Lewistown runs from June through July, when average monthly revenue reaches $3,523 and $3,707 respectively. September and November also show strong performance, with revenues above $3,100 and $3,300. The slowest months are February ($966) and January ($1,124), reflecting the pronounced seasonality typical of central Montana markets.

How many Airbnbs are there in Lewistown?

As of late April 2026, there are 27 active Airbnb listings in Lewistown. The supply breaks down into 6 one-bedroom, 9 two-bedroom, and 6 three-bedroom properties. Notably, the market has seen 188% year-over-year growth in active listings, indicating a rapid expansion of supply from a very small base.

How is Airbnb revenue calculated in Lewistown?

The annual and monthly revenue figures shown for Lewistown are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—not a forward-looking projection. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, removes regional outliers, and rolls the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently and naturally reflects seasonal peaks and slower months, since each month uses its own historical data. Individual results can vary based on property quality, pricing strategy, and how actively the listing is managed.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts for Lewistown and surrounding areas
• Average daily rate, occupancy, and RevPAN metrics with state-level benchmarks
• Monthly and annual revenue trends based on trailing 12-month booking performance
• Property size breakdowns for listings, rates, occupancy, and revenue
• Home value data sourced from the Zillow Home Value Index (ZHVI)

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing 12-month averages as of April 2026 and may not capture very recent market shifts. Local regulations, HOA rules, and tax obligations vary and should be independently verified before investing.