Cheap Apartments for Rent in the Downtown Billings Neighborhood of Billings, MT from $525 (56 Rentals)

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

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608 Clark Ave, Unit 608.5
$895

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.

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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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
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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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1117 17th St W
2 Bedroom Apartments

1117 17th St W

1117 17th St WBillings, MT 59102
  • Utilities Included
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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

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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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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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
  • Utilities Included
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Ridgeview Apartments
Studio to 2 Bedroom Apartments

Ridgeview Apartments

1203 Broadwater AveBillings, MT 59102
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Midway Apartments
1 Bedroom Apartments

Midway Apartments

2020 Alderson AveBillings, MT 59102

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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1905 Burnstead Dr
2 Bedroom Apartments

1905 Burnstead Dr

1905 Burnstead DrBillings, MT 59101
  • Utilities Included
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838 Avenue B
1 Bedroom Apartments

838 Avenue B

838 Avenue BBillings, MT 59102
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1201 Yellowstone Ave
2 Bedroom Apartments

1201 Yellowstone Ave

1201 Yellowstone AveBillings, MT 59102
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Sandstone Place
2 to 3 Bedroom Apartments

Sandstone Place

540-550 S 28th StBillings, MT 59101
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3 7th St. West
2 Bedroom Apartments

3 7th St. West

3 7th St WBillings, MT 59101
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340 Bench
1 Bedroom Apartments

340 Bench

334 Bench BlvdBillings, MT 59105
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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.

Downtown Billings, Billings, MT Local Guide

Cheapest Available Downtown Billings Apartments for Rent

 

The cheapest available apartment rental in the Downtown Billings area of Billings, MT is a 1 Bed unit found at The Place at North 24th priced from $725. Rockvue Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $825. Here are the most affordable Downtown Billings apartments for rent in Billings, MT:

Apartment ListingModel NameBed/BathPriced From
The Place at North 24thStudio1BR,1BA$725
Rockvue LoftsSmall Studio2BR,1BA$825
201 South 26th Street0BR/1.0BAStudio,1BA$895
The Place at Lake Elmo1 Bedroom1BR,1BA$925
The Place at Rimrock1 Bedroom1BR,1BA$925
Colton Heights Apartments2 Bedroom - Small2BR,1BA$1,150
1433 Wyoming Ave2 Bed/1.5 Bath2BR,1BA$1,245
Highlands Apartments2 Bed | 1 Bath2BR,1BA$1,299
Rimrock West ApartmentsB12BR,1BA$1,400

Best Value Apartments for Rent in Downtown Billings, MT

As of September 08, 2026 the best value apartment in the Downtown Billings area is the $1.45 price per square foot B1 Model at Rocky Meadows Apartments in the in the North Central Billings neighborhood starting from $1,505. The second greatest value Downtown Billings apartment is the B1 Model at Rimrock West Apartments starting at $1,400 with a $1.47 price per square foot in the West Central Billings neighborhood. Here is today’s list of the best values for Downtown Billings apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rocky Meadows ApartmentsB12BR,2BA$1.45
Rimrock West ApartmentsB12BR,1.5BA$1.47
Highlands Apartments2 Bed | 1 Bath2BR,1BA$1.50
Old Town FlatsThe Rex - 1 Bed / 1 Bath1BR,1BA$1.83
608 Clark Ave, Unit 608.5608 Clark Ave1BR,1BA$1.08
1433 Wyoming Ave2 Bed/1.5 Bath2BR,1.5BA$1.56
The Place at Rimrock1 Bedroom1BR,1BA$1.41
Colton Heights Apartments2 Bedroom - Small2BR,1BA$1.84
The Place at Lake Elmo1 Bedroom1BR,1BA$1.87
201 South 26th Street0BR/1.0BAStudio ,1BA$1.88

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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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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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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Pet Friendly Lifestyle
Downtown Billings, Billings, MT

Ranked #2

Among cities in Montana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Billings Apartments

What is the Cheapest Studio apartment in Downtown Billings?

Currently the most affordable Cheap Studio Apartment in Downtown Billings is at Rockvue Lofts listed at $825.

How much is rent for a Cheap One Bedroom Downtown Billings Apartment?

The lowest price for a Cheap One Bedroom Downtown Billings Apartment is $725 at The Place at North 24th.

What is the lowest price for a Cheap Two Bedroom Downtown Billings Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Billings is starting from $825 at Rockvue Lofts.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.