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

Manhattan Short-Term Rental Market Overview

Manhattan, MT is a micro-market in southwest Montana's Gallatin Valley with just 14 active Airbnb listings and an average annual revenue of $41,575 per property. The average daily rate sits at $198—well below Montana's $443 state average—while occupancy runs at 28% compared to the 47% state benchmark, suggesting this is a seasonal, niche destination rather than a high-volume rental market. For investors drawn to Montana's growing outdoor recreation appeal, Manhattan offers low competition but requires careful underwriting given the modest demand indicators.

Key Market Statistics

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

Data sources: Rabbu proprietary analytics as of Apr, 27 2026.

Why Investors Consider Manhattan

Manhattan's appeal for STR investors centers on minimal competition in a growing Montana recreation corridor, though returns hinge on strong summer performance and careful cost management.

Expert Market Assessment

"Manhattan, MT represents a limited-opportunity market best suited for investors who already have a presence in the Gallatin Valley or are looking for a low-cost entry point into Montana's STR landscape. Revenue is concentrated in the June–August window, where monthly earnings climb to $4,772–$6,060, while the rest of the year sees considerably softer demand with some months dropping below $2,000. The 28% average occupancy rate and $56 RevPAN signal that properties here will sit empty more often than not, making this a market where controlling acquisition and operating costs is essential to generating positive returns."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Manhattan

Average revenue by month in Manhattan

Manhattan shows pronounced seasonality, with July ($6,060) and August ($5,650) delivering roughly three times the revenue of off-peak months like April ($1,744) and November ($1,810). Investors should expect the summer quarter to carry the majority of annual earnings, making cash reserves important for covering expenses during the slower nine months.

Active Airbnb listings by property size in Manhattan

The market's reportable supply consists entirely of 1-bedroom listings, with 8 of the 14 active properties falling into this category. The remaining listings likely include studio or unique property types, and the absence of larger configurations could signal an opportunity for multi-bedroom properties—or simply reflect limited demand for bigger units in this small town.

Average daily rate (ADR) by property size in Manhattan

One-bedroom listings in Manhattan command an ADR of $168, which sits below the market-wide average of $198. This gap suggests that larger or more unique property types in the market are pulling the overall ADR higher, and investors considering 1-bedroom units should price expectations around the $168 level.

Average RevPAN by property size in Manhattan

One-bedroom properties generate a RevPAN of just $33, reflecting the combination of a $168 ADR and 20% occupancy. This is a notably modest figure that underscores the challenge of generating consistent nightly revenue from smaller units in this seasonal market.

Average occupancy rates by property size in Manhattan

One-bedroom listings average a 20% occupancy rate, falling below the already-low market-wide average of 28%. This means 1-bedroom units sit vacant roughly four out of every five nights, which makes controlling fixed costs and maximizing peak-season pricing critical for maintaining positive returns.

Average monthly revenue by property size in Manhattan

One-bedroom properties bring in an average of $2,179 per month, about $1,285 less than the overall market average of $3,464. This spread indicates that investors with larger or more distinctive properties are capturing a disproportionate share of the market's revenue.

Average annual revenue by property size in Manhattan

At $26,150 in average annual revenue, 1-bedroom units trail the market-wide figure of $41,575 by a significant margin. Investors eyeing Manhattan should consider whether larger properties or differentiated offerings could capture the higher revenue tier, though the limited data makes it difficult to draw firm conclusions about specific bedroom count premiums.

Most common amenities for Airbnb listings in Manhattan

Parking is universal across Manhattan's listings at 100%, while kitchen access and self check-in each appear in 93% of properties—reflecting guest expectations for independent, self-service stays in a rural setting. Outdoor features like patios (71%), BBQ grills (64%), and backyards (57%) are also common, signaling that the Montana outdoor lifestyle is a core part of the guest experience here.

Short-Term Rental Regulations in Manhattan

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

Permit Requirements

Short-term rental operators in Manhattan, Montana may need to register or obtain a permit from local authorities. Investors should verify current requirements with the City of Manhattan and Gallatin County, as regulations in Montana's smaller municipalities can change and may differ from state-level guidance.

Key Restrictions

Common restrictions in Montana communities can include occupancy limits, noise ordinances, parking requirements, and minimum-stay rules. HOA covenants may also impose additional limitations on short-term rental use, so it's important to review any applicable deed restrictions before purchasing a property intended for STR use.

Tax Obligations

Montana imposes a lodging facility use tax on short-term rentals, and Gallatin County may have additional local resort or tourism taxes that apply. Many booking platforms collect and remit applicable taxes on behalf of hosts, but operators should confirm their full tax obligations with the Montana Department of Revenue.

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

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Manhattan's STR performance will likely remain heavily tied to summer tourism, with July and August continuing to drive the bulk of annual revenue. ADR could see modest upward pressure in the range of 1–3% as Montana's Gallatin Valley continues to attract visitors, though occupancy may stay in the 25–32% range given the market's rural character and limited year-round demand drivers. Investors should plan for significant revenue swings between peak summer months and the quieter shoulder and winter seasons, and budget accordingly for months where revenue may dip below $2,000."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Manhattan, MT

What is the average Airbnb occupancy rate in Manhattan?

The average Airbnb occupancy rate in Manhattan, MT is currently 28%, which trails the Montana state average of 47%. This reflects the market's seasonal nature, with demand concentrated in the summer months and softer bookings throughout much of the year.

How much do Airbnb hosts make in Manhattan?

Airbnb hosts in Manhattan, MT earn an average of $3,464 per month and approximately $41,575 per year based on trailing 12-month booking data. Revenue varies significantly by season, with July topping out around $6,060 and quieter months like April and November falling closer to $1,744–$1,810.

Is Manhattan a good market for Airbnb investment?

Manhattan, MT is a niche market with very low competition—just 14 active listings—but also limited demand outside of summer. It can work for investors who secure properties at favorable price points and can manage the seasonal cash flow swings, but it's not a high-yield market compared to larger Montana destinations. Careful cost management and a strong summer pricing strategy are essential.

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

The average daily rate for Airbnb listings in Manhattan, MT is $198, which is considerably lower than the Montana state average of $443. This positions Manhattan as an affordable option for travelers, though the lower rate is offset by the market's relatively low occupancy.

Are short-term rentals legal in Manhattan?

Short-term rentals are generally permitted in Manhattan, MT, but operators may need to register with local authorities and comply with applicable Montana lodging tax requirements. Regulations can vary and evolve, so prospective hosts should check with the City of Manhattan and Gallatin County for the most current rules before listing a property.

When is peak season for Airbnb in Manhattan?

Peak season in Manhattan, MT runs from June through August, with July being the strongest month at an average revenue of $6,060. August follows closely at $5,650 and June at $4,772. The off-peak months of April and November are the softest, averaging around $1,744 and $1,810 respectively.

How many Airbnbs are there in Manhattan?

As of April 2026, there are 14 active Airbnb listings in Manhattan, MT. This makes it one of the smaller STR markets in Montana, which means less competition but also reflects the town's limited tourism infrastructure and seasonal demand patterns.

How is Airbnb revenue calculated in Manhattan?

The annual and monthly revenue figures for Manhattan, MT are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market—they are not forward-looking projections. We average each comparable listing's actual revenue per available night (RevPAN) by month over the past year, remove regional outliers, and aggregate the results to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently while naturally reflecting seasonal peaks and slower months, since each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, and operational management.

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 the Manhattan, MT market
• Average daily rate, occupancy, and RevPAN metrics based on current listing performance
• Monthly and annual revenue averages derived from trailing 12-month booking data
• Supply distribution and performance breakdowns by property size
• Amenity prevalence data across active listings in the market

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Data reflects trailing performance and may not account for recent regulatory changes or market shifts. Individual property results will vary based on location, condition, pricing strategy, and management quality.