Cheap Apartments for Rent in Billings, MT from $400 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in Billings.

property at 3838 State Ave

$695 - $795

1 Bedroom Rentals

Available Now

3838 State Ave

BillingsMT59101

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Highlands Apartments
$945 - $1,455
Total Monthly Price

Total Monthly Price

Base Rent
$880 - $1,390
Required Monthly Fees
$65

Total Monthly Price
$945 - $1,455
1 to 2 Bedroom Apartments Available Now

Highlands Apartments

1105 N 22nd StBillings, MT 59101
Affordability
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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220 N 24th St
1 to 2 Bedroom Apartments

220 N 24th St

220 N 24th StBillings, MT 59101
  • Utilities Included
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3300 3rd Ave N
1 Bedroom Apartments

3300 3rd Ave N

3300 3rd Ave NBillings, MT 59101
  • Utilities Included
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Acme Hotel Apartments
Studio to 2 Bedroom Apartments

Acme Hotel Apartments

107 N 28th StBillings, MT 59101
  • Utilities Included
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524 N 23rd St
Studio to 1 Bedroom Apartments

524 N 23rd St

524 N 23rd StBillings, MT 59101
  • Utilities Included
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1117 17th St W
2 Bedroom Apartments

1117 17th St W

1117 17th St WBillings, MT 59102
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Sage Tower Apartments
Studio to 1 Bedroom Apartments

Sage Tower Apartments

115 N 24th StBillings, MT 59101
Senior Living
  • Utilities Included
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307 S 28th St
Studio to 2 Bedroom Apartments

307 S 28th St

307 S 28th StBillings, MT 59101
  • Utilities Included
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Okerman Apartments
1 to 2 Bedroom Apartments

Okerman Apartments

23-27 Yellowstone AveBillings, MT 59101
  • Utilities Included
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4 Lewis Ave
Studio to 1 Bedroom Apartments

4 Lewis Ave

4 Lewis AveBillings, MT 59101
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838 Avenue B
1 Bedroom Apartments

838 Avenue B

838 Avenue BBillings, MT 59102
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Fox Meadows
Studio to 3 Bedroom Apartments

Fox Meadows

2901 Monad RdBillings, MT 59102
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Midway Apartments
1 Bedroom Apartments

Midway Apartments

2020 Alderson AveBillings, MT 59102
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435 Lordwith Dr
1 to 2 Bedroom Apartments

435 Lordwith Dr

435 Lordwith DrBillings, MT 59102
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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1521 10th St W
2 Bedroom Apartments

1521 10th St W

1521 10th St WBillings, MT 59102
  • Utilities Included
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1905 Burnstead Dr
2 Bedroom Apartments

1905 Burnstead Dr

1905 Burnstead DrBillings, MT 59101
  • Utilities Included
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Central Court Village
1 to 2 Bedroom Apartments

Central Court Village

78 27th St WBillings, MT 59102
Senior Living
  • Utilities Included
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Sandstone Place
2 to 3 Bedroom Apartments

Sandstone Place

540-550 S 28th StBillings, MT 59101
  • Utilities Included
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1201 Yellowstone Ave
2 Bedroom Apartments

1201 Yellowstone Ave

1201 Yellowstone AveBillings, MT 59102
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810 Crist Dr
1 Bedroom Apartments

810 Crist Dr

810 Crist DrBillings, MT 59105
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1410 Lake Elmo Dr
2 Bedroom Apartments

1410 Lake Elmo Dr

1410 Lake Elmo DrBillings, MT 59105
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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1433 Wyoming Ave
2 to 3 Bedroom Apartments

1433 Wyoming Ave

1433 Wyoming AveBillings, MT 59102
  • Utilities Included
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1937 Clubhouse Way
2 Bedroom Apartments

1937 Clubhouse Way

1937 Clubhouse WayBillings, MT 59105
  • Utilities Included

Billings, MT Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Billings, MT

Pricing Updated: 02/26/2026

Current apartment rentals in the Billings, MT area range in price from $495 to $5,177 with an overall median price of $1,663. The three Billings neighborhoods with the lowest median rent pricing are East Heights at $695, North Side Billings at $495, and South Side Billings at $495. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Billings Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
East Heights$1,300$69521
North Side Billings$1,372$49536
South Side Billings$1,372$49538
Downtown Billings$1,637$49566
East Central Billings$1,818$69558
North Central Billings$1,895$79553
West Central Billings$2,250$1,050151

Cheapest Available Billings Apartments for Rent

 

The cheapest available apartment rental in Billings, MT is a 2 Beds unit found at Ridgeview Apartments in the North Central Billings neighborhood priced from $795. The Place at Lake Elmo in the East Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Billings apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudio2BR,1BA$795
The Place at Lake Elmo1 Bedroom1BR,1BA$800
The Place at Rimrock1 Bedroom1BR,1BA$825
Rockvue LoftsSmall StudioStudio,1BA$850
The Place at North 24th1 Bedroom1BR,1BA$850
Central Court Village1 Bedroom | 1 Bath1BR,1BA$923
Pinehurst Apartments1 Bed 1 Bath1BR,1BA$925
3 7th St. West2 Bed/1 Bath2BR,1BA$950
Inter PointeStudioStudio,1BA$1,050

Best Value Apartments for Rent in Billings, MT

As of February 26, 2026 the best value apartment in the Billings area is the $0.86 price per square foot 3825 Avenue C Model at 3825 Avenue C, Unit 3825 in the in the West Central Billings neighborhood starting from $1,895. The second greatest value Billings apartment is the Wild Rose Model at Farmstead Townhomes starting at $2,595 with a $1.35 price per square foot in the West Central Billings neighborhood. Here is today’s list of the best values for Billings apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3825 Avenue C, Unit 38253825 Avenue C3BR,2.5BA$0.86
Farmstead TownhomesWild Rose3BR,2BA$1.35
Lordwith ApartmentsRenovated 2 Bedroom 1 Bath2BR,1BA$1.27
The Place at Rimrock3 Bedroom - Refresh3BR,2BA$1.28
2107 Clubhouse Way, Unit #32107 Clubhouse Way2BR,1BA$1.15
411 Mervin St, Unit 411411 Mervin St2BR,1BA$1.05
1217 Yellowstone Ave, Unit #B1217 Yellowstone Ave2BR,1BA$1.11
3 7th St. West2 Bed/1 Bath2BR,1BA$1.03
Riverwalk Apartments2 BD/2 BA2BR,2BA$1.39
Ridgeview Apartments1 Bed/1 Bath1BR,1BA$1.06

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Billings Overview

Billings is the largest city in Montana. In spite of its large population, the city has a small town feel to it, with a strong sense of community that makes life in apartments in Billings wonderful. The economy offers a number of job opportunities and outdoor recreational opportunities abound, as it is surrounded by several mountain ranges.

Why live in Billings, MT?

Montana is very affordable with no sales tax. It’s also a great place to start your own business. The economy is growing at a rapid rate, and has done so since it’s very beginning. Jobs are abundant. People are very friendly, which really helps people feel at home here. For nature enthusiasts and outdoor adventurers, Billings has much to offer. From whitewater rafting to skiing and rappelling, there is something for everyone underneath the big blue skies of the “Magic City.”

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Billings, MT Rentals by Map

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Frequently Asked Questions about Cheap Billings Apartments

What is a cheap apartment in Billings?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Billings is under $1,050.

What is the price of a cheap apartment in Billings?

The cheapest apartment in Billings is Ridgeview Apartments which is listed at $795, while the average apartment in Billings costs $1,663.

What types of apartments are the cheapest in Billings?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Billings that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Billings?

Cheap apartments in Billings have an average cost of $236 which is $1,427 cheaper than the average rent for all rentals in Billings.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.