
Cheap Apartments for Rent in Billings, MT from $400 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in Billings.


The Place at Rimrock

4433 Frances Ave

Ridgeview Apartments

3838 State Ave

The Place at Lake Elmo

3404 2nd Ave N

1043 N 31st St

Rockvue Lofts
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.

201 S 26th St

305 S 33rd St

Pinehurst Apartments

Total Monthly Price
Highlands Apartments

3 7th St. West

346 Bench Blvd

Total Monthly Price
118 Broadwater Ave, Unit Basement Unit

338 Moccasin Trail

Total Monthly Price
1217 Yellowstone Ave, Unit #B
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.

Total Monthly Price
411 Mervin St, Unit 411

Inter Pointe

Harvest Granger Apartments

Rosepark Plaza Apartments

220 N 24th St

3300 3rd Ave N

Acme Hotel Apartments

524 N 23rd St

1117 17th St W
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.

Sage Tower Apartments

307 S 28th St

Okerman Apartments

Southern Lights Apartments

4 Lewis Ave

838 Avenue B

Fox Meadows

Midway Apartments

435 Lordwith Dr
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.

1521 10th St W

Basking Ridge Apartments

Eastwood Apartments

1905 Burnstead Dr

Central Court Village

Sandstone Place

1201 Yellowstone Ave

810 Crist Dr

1410 Lake Elmo Dr
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.

1433 Wyoming Ave

1937 Clubhouse Way
Billings, MT Local Guide

How much does it cost to rent an apartment in Billings?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Billings Studio Apartments | $1,341 | $795 | $3,533 |
| Cheap Billings 1 Bedroom Apartments | $1,364 | $495 | $4,166 |
| Cheap Billings 2 Bedroom Apartments | $1,585 | $795 | $2,947 |
| Cheap Billings 3 Bedroom Apartments | $2,318 | $1,250 | $5,177 |
| Cheap Billings 4 Bedroom Apartments | $3,200 | $3,200 | $3,200 |
Browse Top Apartments in Billings
See all Apartments in BillingsExplore Billings
Billings, MT Local Guide

- Billings Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Billings, MT
Pricing Updated: 02/26/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| East Heights | $1,300 | $695 | 21 |
| North Side Billings | $1,372 | $495 | 36 |
| South Side Billings | $1,372 | $495 | 38 |
| Downtown Billings | $1,637 | $495 | 66 |
| East Central Billings | $1,818 | $695 | 58 |
| North Central Billings | $1,895 | $795 | 53 |
| West Central Billings | $2,250 | $1,050 | 151 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Apartments | Studio | 2BR,1BA | $795 |
| The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $800 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $825 |
| Rockvue Lofts | Small Studio | Studio,1BA | $850 |
| The Place at North 24th | 1 Bedroom | 1BR,1BA | $850 |
| Central Court Village | 1 Bedroom | 1 Bath | 1BR,1BA | $923 |
| Pinehurst Apartments | 1 Bed 1 Bath | 1BR,1BA | $925 |
| 3 7th St. West | 2 Bed/1 Bath | 2BR,1BA | $950 |
| Inter Pointe | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3825 Avenue C, Unit 3825 | 3825 Avenue C | 3BR,2.5BA | $0.86 |
| Farmstead Townhomes | Wild Rose | 3BR,2BA | $1.35 |
| Lordwith Apartments | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.27 |
| The Place at Rimrock | 3 Bedroom - Refresh | 3BR,2BA | $1.28 |
| 2107 Clubhouse Way, Unit #3 | 2107 Clubhouse Way | 2BR,1BA | $1.15 |
| 411 Mervin St, Unit 411 | 411 Mervin St | 2BR,1BA | $1.05 |
| 1217 Yellowstone Ave, Unit #B | 1217 Yellowstone Ave | 2BR,1BA | $1.11 |
| 3 7th St. West | 2 Bed/1 Bath | 2BR,1BA | $1.03 |
| Riverwalk Apartments | 2 BD/2 BA | 2BR,2BA | $1.39 |
| Ridgeview Apartments | 1 Bed/1 Bath | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
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
Central Heights School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Billings, MT Rentals by Map
See the most popular apartments and homes in Billings, MT
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

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.

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.

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.

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.