5+ Days Ago
Highlights
- Private entrance
- Off street parking
- Claw foot tub
- High ceilings
- Closet
- 1 large living room
Location
516 W Olive St, Bozeman, MT 59715, USA
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Property Overview
516 W. Olive features a private entrance, off-street parking, and elegant amenities such as high ceilings and a clawfoot tub. With a Zumper expert rating of 8.3 and a competitive price rating of 10, it offers excellent value, supported by an impressive location score of 9 due to its proximity to schools, cultural centers, and dining options. Overall, the property provides a vibrant social life, making it a desirable choice for those seeking both comfort and community engagement.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Less expensive
- Elementary school nearby
Great for
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 875 sqft | $1,650 /mo | 1 unit available | Spacious 2nd floor of a home that was developed into a 5 plex. Private entrance. High ceilings and lots of nice wood work in this 1 bedroom, 1 large living room with closet, kitchen and 1 bath. Claw foot Tub. Nice coin op laundry in the building, Off street parking and a nicely maintained shared back yard make this a quiet home place within walking distance to downtown. Sorry, No pets and please no smoking on the premises. There is an application process. Each adult must fill out an application. Please call to view the property today. 406-587-3261 |
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Policies and fees
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 6 |
|---|
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About 516 W. Olive
Heat, water, sewer and trash paid, tenants pay own electric
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 516 W. Olive is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 516 W. Olive has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
516 W. Olive offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 516 W. Olive is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
516 W. Olive is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 516 W. Olive does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
516 W. Olive provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
516 W. Olive is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 516 W. Olive compares to other nearby properties.
Positives
- High school nearby
- There is a high school 1 mile away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.4 mile away
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Rent trends in Bozeman
1-bedroom apartments at 516 W. Olive cost about 8% less than the average rent price for 1-bedroom apartments in Bozeman.
Median rents as of Oct 25 2025.
Bozeman
| Month | Median Rent |
|---|---|
| November 2023 | $1,561 |
| December 2023 | $1,468 |
| January 2024 | $1,508 |
| February 2024 | $1,625 |
| March 2024 | $1,730 |
| April 2024 | $1,700 |
| May 2024 | $1,734 |
| June 2024 | $1,660 |
| July 2024 | $1,690 |
| August 2024 | $1,870 |
| September 2024 | $1,910 |
| October 2024 | $1,994 |
| November 2024 | $1,860 |
| December 2024 | $1,703 |
| January 2025 | $1,743 |
| February 2025 | $1,700 |
| March 2025 | $1,721 |
| April 2025 | $1,826 |
| May 2025 | $1,910 |
| June 2025 | $1,952 |
| July 2025 | $1,807 |
| August 2025 | $1,744 |
| September 2025 | $1,683 |
| October 2025 | $1,530 |
Affordability calculator
Can I afford to live at 516 W Olive St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$66,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $66,000 annually to afford this 1-bedroom monthly rent price of $1,650.
For more information on rent affordability, visit our rent calculator.
Schools near 516 W. Olive
Irving Elementary School
811 w alderson st
bozeman, MT, 59715
PK, K-5Public
B+
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Internet available near 516 W. Olive
Neighborhood
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Bozeman near 516 W Olive St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
6/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 516 W Olive St, Bozeman
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
7/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
7/10
Variety of restaurants within walking distance
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Nightlife
5/10
Some bars within walking distance
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