Cheap Apartments for Rent in Billings, MT from $400 (108 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article

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.

Read Article
property at 1526 Lake Elmo Dr

$1,134 - $1,408

Total Monthly Price

Total Monthly Price

Base Rent
$1,134 - $1,408
Total Monthly Price
$1,134 - $1,408

1 To 2 Bedroom Condos for Rent

Available Now

1526 Lake Elmo Dr

BillingsMT59105

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.

Read Article
property at 1412 Cheryl St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

1412 Cheryl St

BillingsMT59105

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.

Read Article
close
View Me
Hunter's Pointe
Rent Specials
$1,374 - $5,930
Total Monthly Price

Total Monthly Price

Base Rent
$1,374 - $5,930
Total Monthly Price
$1,374 - $5,930
Studio to 3 Bedroom Apartments Available Now

Hunter's Pointe

3040 Central AveBillings, MT 59102
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
Showing Results 1-50, Page 1 of 3

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: 04/13/2026

Current apartment rentals in the Billings, MT area range in price from $495 to $5,930 with an overall median price of $1,807. The three Billings neighborhoods with the lowest median rent pricing are North Side Billings at $495, South Side Billings at $495, and Downtown 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
North Side Billings$1,445$49528
South Side Billings$1,445$49532
Downtown Billings$1,690$49553
East Central Billings$1,870$79562
North Central Billings$1,870$85062
East Heights$2,047$69517
West Central Billings$2,287$850132

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 $595. The Place at Rimrock in the North Side Billings neighborhood has the second lowest priced unit, which is a 1 Bed 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$595
The Place at Rimrock1 Bedroom1BR,1BA$795
The Place at Lake Elmo1 Bedroom1BR,1BA$800
Rockvue LoftsSmall StudioStudio,1BA$850
1141 28th St1 Beds1BR,1BA$850
810 Crist Dr1 Bed/1 Bath1BR,1BA$895
Highlands Apartments1 Bed | 1 Bath1BR,1BA$995

Best Value Apartments for Rent in Billings, MT

As of April 13, 2026 the best value apartment in the Billings area is the $1.26 price per square foot Elk Horn Model at Farmstead Townhomes in the in the West Central Billings neighborhood starting from $3,095. The second greatest value Billings apartment is the 2 Bed/1.75 Bath Model at Brookshire Village Apartments starting at $1,445 with a $1.28 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.
Farmstead TownhomesElk Horn3BR,2.5BA$1.26
Brookshire Village Apartments2 Bed/1.75 Bath2BR,2BA$1.28
Lordwith ApartmentsRenovated 2 Bedroom 1 Bath2BR,1BA$1.27
1584 Governors Blvd, Unit #61584 Governors Blvd2BR,1BA$1.03
1221 Yellowstone Ave, Unit #A1221 Yellowstone Ave2BR,1BA$1.11
2316 Alderson Ave, Unit #32316 Alderson Ave2BR,1BA$1.09
3321 Central Ave, Unit #63321 Central Ave2BR,1BA$1.31
1937 Clubhouse Way2 Bed/1 Bath2BR,1BA$1.30
1141 28th St2 Beds2BR,1BA$1.44
The Place at Rimrock1 Bedroom1BR,1BA$1.21

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Decorative image of map

See the most popular apartments and homes in Billings, MT

View Map
Billings, MT Apartments Map
View Map
Billings, MT Rental Homes Map

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 $595, while the average apartment in Billings costs $1,807.

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 10 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 $748 which is $1,059 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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.