Cheap Apartments for Rent in Billings, MT from $625 (125 Rentals)

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608 Clark Ave, Unit 608.5
$895
Total Monthly Price

Total Monthly Price

Base Rent
$895
Total Monthly Price
$895
1 Bedroom Apartment Available Now

608 Clark Ave, Unit 608.5

608 Clark AveBillings, MT 59101
Affordability
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 418 Lola Ln

$1,050 - $1,350

1 To 2 Bedroom Rentals

Available Now

418 Lola Ln

BillingsMT59105

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 1526 Lake Elmo Dr

$1,219 - $1,408

Total Monthly Price

Total Monthly Price

Base Rent
$1,219 - $1,408
Total Monthly Price
$1,219 - $1,408

1 To 2 Bedroom Condos for Rent

Available Now

1526 Lake Elmo Dr

BillingsMT59105

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.

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property at 234 Aristocrat Dr

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

234 Aristocrat Dr

BillingsMT59105

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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Billings, MT Local Guide

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Cheapest Neighborhoods for Apartments in Billings, MT

Pricing Updated: 08/27/2026

Current apartment rentals in the Billings, MT area range in price from $625 to $3,095 with an overall median price of $1,398. The three Billings neighborhoods with the lowest median rent pricing are South Side Billings at $1,095, North Side Billings at $1,172, and Downtown Billings at $1,195. 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$1,095$62524
North Side Billings$1,172$62521
Downtown Billings$1,195$62546
East Heights$1,300$69516
East Central Billings$1,412$82550
North Central Billings$1,505$85055
West Central Billings$1,550$850107

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 $725. Rockvue Lofts in the North Side Billings neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $825. Here is today’s list of the most affordable Billings apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Place at North 24thStudio1BR,1BA$725
Rockvue LoftsSmall Studio2BR,1BA$825
1141 28th St1 Beds1BR,1BA$850
The Place at Lake Elmo1 Bedroom1BR,1BA$925
The Place at Rimrock1 Bedroom1BR,1BA$925
Hoop DreamsUpstairs unit1BR,1BA$1,075
Samuel Court1BR/1BA1BR,1BA$1,125
Jasmine Circle Apartments1 Bed/1 Bath1BR,1BA$1,125
Western OneUpstairs unit1BR,1BA$1,125

Best Value Apartments for Rent in Billings, MT

As of August 27, 2026 the best value apartment in the Billings area is the $1.50 price per square foot 2X2C Model at Inter Urban in the in the West Central Billings neighborhood starting from $1,600. The second greatest value Billings apartment is the B1 Model at Country Meadows Apartment Homes starting at $1,580 with a $1.52 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.
Inter Urban2X2C2BR,2BA$1.50
Country Meadows Apartment HomesB12BR,2BA$1.52
Rocky Meadows ApartmentsB12BR,2BA$1.38
Inter PointeTwo Bedroom2BR,2BA$1.55
Rimrock West ApartmentsB12BR,1.5BA$1.54
Olympic Village ApartmentsB12BR,1BA$1.43
608 Clark Ave, Unit 608.5608 Clark Ave1BR,1BA$1.08
Harvest Granger Apartments2 Bedroom / 1 Bath - 1st Floor2BR,1BA$1.51
1141 28th St2 Beds2BR,1BA$1.44
The Place at Rimrock1 Bedroom1BR,1BA$1.41

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.”

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

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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 $1,125.

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 $725, while the average apartment in Billings costs $1,398.

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 1 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 $172 which is $1,226 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.