Craig is located in southwest Montana on the Missouri River, one of the world's premier trout streams. Located in the area is the Craig State Recreation Area, where is a campground with restrooms and drinking water. Fishing and boating may be enjoyed on the river.
The town of Craig was named for local pioneer Warren Craig. In 1886 Craig built a log house, with a stone fireplace. Many times he had to defend his homestead from the Indians (Perrin). The house is located half mile from the Great Northern depot. In 1890 his son, John Craig settled in the area and Mrs. John Craig later served as postmaster.