Inter Urban
610 S 44th St W,
Billings, MT 59106
1-3 Beds | $1,425 - $2,095
Rental Market Trends in Billings, MT
Updated July 2026
The average rent in Billings, MT is $1,263/month.
Rent in Billings is 24% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,263/month
Average Rent
530 Sq Ft
Average Size
-1%
Change / Year
473
Available Apartments
Billings rent varies by unit size and layout:
- Studio apartments in Billings average $1,060 per month.
- One-bedroom apartments in Billings average $1,263 per month.
- Two-bedroom apartments in Billings average $1,481 per month.
- Three-bedroom apartments in Billings average $2,060 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Billings, MT?
In the past year, rent has decreased by 1%, which averages out to $12 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Billings, MT
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
7%
Below $700/month
28%
$700 - $1,000/month
44%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
3%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Billings?
Based on current rent prices, Downtown Billings is the most affordable neighborhood in Billings.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Billings?
Based on current rent prices, Downtown Billings is the most expensive neighborhood in Billings.
Neighborhood
Average Rent
Average Sq Ft
Which Billings neighborhoods have the most rentals available?
The neighborhood in Billings with the most apartments available is Downtown Billings .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Billings, MT?
Because the average rent in Billings is $1,263, you’ll want to make about $4,210 per month or $50,520 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Billings, MT is 3.1% lower than the national average. Generally, housing in Billings is 8.2% less expensive than the national average, with rent falling between $1,060 - $2,060. You can expect to pay 3.3% more for groceries, 18.3% less for utilities, and 5.2% more for transportation.
How does Billings, MT compare to other nearby cities and neighborhoods?
Use the tool below to compare Billings, MT to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Billings Area GuideStudio
$1,038/month
$1,038/month
One Bedroom
$1,087/month
$1,087/month
Two Bedroom
$1,311/month
$1,311/month
Three Bedroom
$1,665/month
$1,665/month
Apartment Communities in Billings We Think You'll Love
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Frequently Asked Questions
What is the average rent in Billings?
The average rent in Billings is $1,263 per month, which is 24.1% lower than the national average of $1,663.
What is the average rent for a house in Billings?
The average rent for a house in Billings, MT is $2,126 per month.
What is the average rent for a townhome in Billings?
The average rent for a townhome in Billings, MT is $1,468 per month.
Are rents going up or down in Billings?
Rents in Billings, MT are decreasing, with prices down 1.0% year-over-year and $12 less per month.
What rent range is most common in Billings?
In Billings, MT, 44% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.