Cheap Apartments for Rent in Billings, MT from $500 (64 Rentals)

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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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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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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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220 N 24th St
1 to 2 Bedroom Apartments

220 N 24th St

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

3300 3rd Ave N

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

Acme Hotel Apartments

107 N 28th StBillings, MT 59101
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1117 17th St W
2 Bedroom Apartments

1117 17th St W

1117 17th St WBillings, MT 59102
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524 N 23rd St
Studio to 1 Bedroom Apartments

524 N 23rd St

524 N 23rd StBillings, MT 59101
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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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Sage Tower Apartments
Studio to 1 Bedroom Apartments

Sage Tower Apartments

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

307 S 28th St

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

Okerman Apartments

23-27 Yellowstone AveBillings, MT 59101
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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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435 Lordwith Dr
1 to 2 Bedroom Apartments

435 Lordwith Dr

435 Lordwith DrBillings, MT 59102
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1521 10th St W
2 Bedroom Apartments

1521 10th St W

1521 10th St WBillings, MT 59102
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Midway Apartments
1 Bedroom Apartments

Midway Apartments

2020 Alderson AveBillings, MT 59102

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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Billings, MT Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Billings, MT

Pricing Updated: 01/11/2026

Current apartment rentals in the Billings, MT area range in price from $600 to $7,533 with an overall median price of $1,726. The three Billings neighborhoods with the lowest median rent pricing are South Side Billings at $600, East Heights at $695, and Downtown Billings at $600. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Billings Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Side Billings$1,472$60032
East Heights$1,505$69517
Downtown Billings$1,650$60068
East Central Billings$1,672$69563
North Side Billings$1,695$60027
North Central Billings$1,715$79565
West Central Billings$2,377$1,025152

Cheapest Available Billings Apartments for Rent

 

The cheapest available apartment rental in Billings, MT is a 1 Bed unit found at The Place at North 24th in the North Side Billings neighborhood priced from $645. Ridgeview Apartments in the North Central Billings neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here is today’s list of the most affordable Billings apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Place at North 24thStudio1BR,1BA$645
Ridgeview ApartmentsStudio2BR,1BA$795
The Place at Lake Elmo1 Bedroom1BR,1BA$850
Rockvue Lofts2 bed 1 bath2BR,1BA$865
The Place at Rimrock1 Bedroom1BR,1BA$900
Eastwood Apartments2 Bed/1 Bath2BR,1BA$925
3 7th St. West2 Bed/1 Bath2BR,1BA$950
Pinehurst Apartments1 Bed 1 Bath1BR,1BA$995
Highlands Apartments1 Bedroom 1 Bath-Highlands1BR,1BA$995

Best Value Apartments for Rent in Billings, MT

As of January 11, 2026 the best value apartment in the Billings area is the $1.28 price per square foot 2 Bed/1.75 Bath Model at Brookshire Village Apartments in the in the West Central Billings neighborhood starting from $1,445. The second greatest value Billings apartment is the Renovated 2 Bedroom 1 Bath Model at Lordwith Apartments starting at $1,350 with a $1.27 price per square foot in the North Side 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.
Brookshire Village Apartments2 Bed/1.75 Bath2BR,2BA$1.28
Lordwith ApartmentsRenovated 2 Bedroom 1 Bath2BR,1BA$1.27
1421 Sourdough Ln, Unit 31421 Sourdough Ln2BR,1BA$1.10
984 N 18th St, Unit 984984 N 18th St2BR,1BA$1.20
3 7th St. West2 Bed/1 Bath2BR,1BA$1.03
1584 Governors Blvd, Unit #41584 Governors Blvd2BR,1BA$1.04
1726 Lake Elmo Dr, Unit 11726 Lake Elmo Dr1BR,1BA$1.11
Rockvue Lofts2 bed 1 bath2BR,1BA$1.12
Ridgeview Apartments1 Bed/1 Bath1BR,1BA$1.06
Eastwood Apartments2 Bed/1 Bath2BR,1BA$1.23

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.”

Best Local Schools in
Billings, MT

School data provided by Great Schools

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

Explore Billings, MT Rentals by Map

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See the most popular apartments and homes in Billings, MT

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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 $995.

What is the price of a cheap apartment in Billings?

The cheapest apartment in Billings is The Place at North 24th which is listed at $645, while the average apartment in Billings costs $1,726.

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 $273 which is $1,453 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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!