Cheap Apartments for Rent in the Downtown Billings Neighborhood of Billings, MT from $400 (54 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, Unit #2
$825
Total Monthly Price

Total Monthly Price

Base Rent
$825
Total Monthly Price
$825
1 Bedroom Apartment Available Now

711 Avenue B, Unit #2

711 Avenue BBillings, MT 59102
Affordability
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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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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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220 N 24th St
1 to 2 Bedroom Apartments

220 N 24th St

220 N 24th StBillings, MT 59101
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3300 3rd Ave N
1 Bedroom Apartments

3300 3rd Ave N

3300 3rd Ave NBillings, MT 59101
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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
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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

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.

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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
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Ridgeview Apartments
Studio to 2 Bedroom Apartments

Ridgeview Apartments

1203 Broadwater AveBillings, MT 59102
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435 Lordwith Dr
1 to 2 Bedroom Apartments

435 Lordwith Dr

435 Lordwith DrBillings, MT 59102
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Midway Apartments
1 Bedroom Apartments

Midway Apartments

2020 Alderson AveBillings, MT 59102
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1905 Burnstead Dr
2 Bedroom Apartments

1905 Burnstead Dr

1905 Burnstead DrBillings, MT 59101
  • Utilities Included

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.

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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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1433 Wyoming Ave
2 to 3 Bedroom Apartments

1433 Wyoming Ave

1433 Wyoming AveBillings, MT 59102
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340 Bench
1 Bedroom Apartments

340 Bench

334 Bench BlvdBillings, MT 59105
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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.

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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
Colton Heights Apartments1 Bedroom - Large1BR,1BA$950
340 Bench1/11BR,1BA$995

Best Value Apartments for Rent in Downtown Billings, MT

As of June 09, 2026 the best value apartment in the Downtown Billings area is the $1.20 price per square foot 1041 N 23rd St Model at 1041 N 23rd St, Unit 1 in the in the North Side Billings neighborhood starting from $1,500. The second greatest value Downtown Billings apartment is the B1 Model at Rocky Meadows Apartments starting at $1,495 with a $1.44 price per square foot in the North 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.
1041 N 23rd St, Unit 11041 N 23rd St2BR,1BA$1.20
Rocky Meadows ApartmentsB12BR,2BA$1.44
Rimrock West ApartmentsB12BR,1.5BA$1.38
1221 Yellowstone Ave, Unit #A1221 Yellowstone Ave2BR,1BA$1.08
2316 Alderson Ave, Unit #32316 Alderson Ave2BR,1BA$1.09
635 Cook Ave, Unit 635635 Cook Ave2BR,1BA$1.09
Rockvue Lofts2 bed 1 bath2BR,1BA$1.12
The Place at Rimrock1 Bedroom1BR,1BA$1.30
214 8th St W, Unit 214 1/2214 8th St W1BR,1BA$1.44
711 Avenue B, Unit #2711 Avenue B1BR,1BA$1.47

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 #6

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

Pet Friendliness Lifestyle Score

4.0
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.

What is the most affordable Downtown Billings Three Bedroom Apartment?

The best deal on a cheap Downtown Billings Three Bedroom Apartment rental is at The Place at Rimrock and starts from $1,195.

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.