Cheap Apartments for Rent in the Downtown Billings Neighborhood of Billings, MT from $400 (60 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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711 Avenue B
$795
Total Monthly Price

Total Monthly Price

Base Rent
$795
Total Monthly Price
$795
1 Bedroom Apartment Available Now

711 Avenue B

711 Avenue BBillings, MT 59102
Affordability
  • Smoke Free

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 743 Wyoming Ave

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095

2 Bedroom, 2 Bath Townhome for Rent

Available Now

743 Wyoming Ave

BillingsMT59101

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
  • Utilities Included
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524 N 23rd St
Studio to 1 Bedroom Apartments

524 N 23rd St

524 N 23rd StBillings, MT 59101
  • Utilities Included
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1117 17th St W
2 Bedroom Apartments

1117 17th St W

1117 17th St WBillings, MT 59102
  • 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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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
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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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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
  • Utilities Included
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435 Lordwith Dr
1 to 2 Bedroom Apartments

435 Lordwith Dr

435 Lordwith DrBillings, MT 59102
  • Utilities Included
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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
  • Utilities Included
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1201 Yellowstone Ave
2 Bedroom Apartments

1201 Yellowstone Ave

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

Sandstone Place

540-550 S 28th StBillings, MT 59101
  • Utilities Included
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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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Brush Meadows
1 to 3 Bedroom Apartments

Brush Meadows

1203 Lake Elmo DrBillings, MT 59105
  • Utilities Included
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1433 Wyoming Ave
2 to 3 Bedroom Apartments

1433 Wyoming Ave

1433 Wyoming AveBillings, MT 59102
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

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 $595. The Place at Lake Elmo has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Downtown Billings apartments for rent in Billings, MT:

Apartment ListingModel NameBed/BathPriced From
The Place at North 24thStudio1BR,1BA$595
The Place at Lake Elmo1 Bedroom1BR,1BA$800
The Place at Rimrock1 Bedroom1BR,1BA$850
Rockvue Lofts2 bed 1 bath2BR,1BA$865
340 Bench1/11BR,1BA$995
Brush MeadowsTwo Bedroom One Bathroom South2BR,1BA$995
Colton Heights Apartments2 Bedroom - Small2BR,1BA$1,150
Samuel Court1BR/1BA1BR,1BA$1,150

Best Value Apartments for Rent in Downtown Billings, MT

As of July 25, 2026 the best value apartment in the Downtown Billings area is the $1.05 price per square foot 1229 Hawthorne Ln Model at 1229 Hawthorne Ln, Unit 1229 in the in the East Heights neighborhood starting from $2,300. The second greatest value Downtown Billings apartment is the Three Bedroom Two Bathroom Model at Brush Meadows starting at $1,195 with a $1.13 price per square foot in the East Heights 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.
1229 Hawthorne Ln, Unit 12291229 Hawthorne Ln4BR,2BA$1.05
Brush MeadowsThree Bedroom Two Bathroom3BR,2BA$1.13
Lordwith ApartmentsRenovated 2 Bedroom 1 Bath2BR,1BA$1.37
Rocky Meadows ApartmentsB12BR,2BA$1.48
Rimrock West ApartmentsB12BR,1.5BA$1.40
2316 Alderson Ave, Unit #32316 Alderson Ave2BR,1BA$1.01
Highlands Apartments2 Bed | 1 Bath2BR,1BA$1.54
Rockvue Lofts2 bed 1 bath2BR,1BA$1.12
The Place at Rimrock1 Bedroom1BR,1BA$1.30
711 Avenue B711 Avenue B1BR,1BA$1.42

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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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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Pet Friendly Lifestyle
Downtown Billings, Billings, MT

Ranked #3

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Downtown Billings, Billings, MT

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Billings Apartments

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

The lowest price for a Cheap One Bedroom Downtown Billings Apartment is $595 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 $865 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.