The University of Montana

Enrollment

Of 10,811 students enrolled in fall 2024, 7,891 were undergraduates and 2,920 graduate students. 22% studied exclusively online, students who don't need a bed near campus. Headcount rose by 484 from fall 2023 (+4.7%).

Housing the college controls

IPEDS counts 3,051 beds of institutionally controlled housing for 2024-25. That figure is the school's own capacity, on or off campus, so it includes halls the college leases or manages but not private buildings that simply market to students. Capacity grew by 22 beds from the year before (3,029 in 2023-24).

What students pay

The school can't split food from housing, so it reports one combined 2024-25 charge: $12,804 for the academic year. Its aid office budgets $12,804 for food and housing for a student living off campus away from family.

Those are the college's own figures. Private by-the-bed rents near campus can sit well above or below them, so check current asking rents before you underwrite a project.

How lenders read a campus like this

With 10,811 students, most of them full-time, the campus clears the 10,000-student minimum in Fannie Mae's Multifamily Guide for Dedicated Student Housing (Part III, Chapter 1, section 103.01, effective September 28, 2026). Under sections 103.01 and 103.03 a property still has to sit within 2 miles of the campus boundary or near a college-run transit line, have operated a full school year, and lease at least 80% of units for 12 months.

To size a specific property, use the student housing loan sizer. It works by the bed and shows which constraint sets the loan.

Among the 2 Montana campuses on this site, The University of Montana ranks number 2 by full-time students beyond college housing. See the Montana table.