
Cheap Apartments for Rent in the Downtown Billings Neighborhood of Billings, MT from $500 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Billings area of Billings.


The Place at Rimrock

111 Alderson Ave

3838 State Ave

522 Avenue F

Ridgeview Apartments

4433 Frances Ave
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.

3404 2nd Ave N

425 S 30th St

The Place at Lake Elmo

Rockvue Lofts

1508 11th St W

118 6th St W

Rosepark Plaza Apartments
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.

220 N 24th St

3300 3rd Ave N

Acme Hotel Apartments

524 N 23rd St

1117 17th St W

Sage Tower Apartments

307 S 28th St
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.

Okerman Apartments

Southern Lights Apartments

4 Lewis Ave

838 Avenue B

Midway Apartments

435 Lordwith Dr

1521 10th St W
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.

1905 Burnstead Dr

Basking Ridge Apartments
Downtown Billings, Billings, MT Local Guide

How much does it cost to rent an apartment in Downtown Billings?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Billings Studio Apartments | $1,078 | $795 | $1,439 |
| Downtown Billings 1 Bedroom Apartments | $1,045 | $600 | $1,795 |
| Downtown Billings 2 Bedroom Apartments | $1,375 | $795 | $2,025 |
| Downtown Billings 3 Bedroom Apartments | $1,689 | $1,000 | $2,359 |
| Downtown Billings 4 Bedroom Apartments | $1,325 | $1,250 | $1,400 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Downtown Billings Neighborhood of Billings, MT.
See all Apartments in BillingsExplore Billings
Downtown Billings, Billings, MT Local Guide
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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 $645. Ridgeview Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here are the most affordable Downtown Billings apartments for rent in Billings, MT:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Place at North 24th | Studio | 1BR,1BA | $645 |
| Ridgeview Apartments | Studio | 2BR,1BA | $795 |
| The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $850 |
| Rockvue Lofts | 2 bed 1 bath | 2BR,1BA | $865 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $900 |
| 3 7th St. West | 2 Bed/1 Bath | 2BR,1BA | $950 |
| Highlands Apartments | 1 Bedroom 1 Bath-Highlands | 1BR,1BA | $995 |
| Pinehurst Apartments | 1 Bed 1 Bath | 1BR,1BA | $995 |
| Colton Heights Apartments | 2 Bedroom - Small | 2BR,1BA | $1,150 |
Best Value Apartments for Rent in Downtown Billings, MT
As of January 11, 2026 the best value apartment in the Downtown Billings area is the $1.51 price per square foot Three Bedroom Two Bathroom Model at Brush Meadows in the in the East Heights neighborhood starting from $1,600. The second greatest value Downtown Billings apartment is the Renovated 2 Bedroom 1 Bath Model at Lordwith Apartments starting at $1,350 with a $1.27 price per square foot in the North Side Billings neighborhood. Here is today’s list of the best values for Downtown Billings apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brush Meadows | Three Bedroom Two Bathroom | 3BR,2BA | $1.51 |
| Lordwith Apartments | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.27 |
| 984 N 18th St, Unit 984 | 984 N 18th St | 2BR,1BA | $1.20 |
| Rimrock West Apartments | B1 | 2BR,1.5BA | $1.39 |
| 3 7th St. West | 2 Bed/1 Bath | 2BR,1BA | $1.03 |
| Rocky Meadows Apartments | A1 | 1BR,1BA | $1.62 |
| Rockvue Lofts | 2 bed 1 bath | 2BR,1BA | $1.12 |
| Ridgeview Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.06 |
| Highlands Apartments | 1 Bedroom 1 Bath-Highlands | 1BR,1BA | $1.41 |
| Pinehurst Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.53 |
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 ArticleThe 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 ArticleCash 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 ArticleQuick 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.
Pet Friendly LifestyleDowntown Billings, Billings, MT
Ranked #2
Among cities in Montana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Downtown Billings, Billings, MT
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Billings Apartments
What is a cheap apartment in Downtown Billings?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Billings is under $1,150.
What is the price of a cheap apartment in Downtown Billings?
The cheapest apartment in Downtown Billings is The Place at North 24th which is listed at $645, while the average apartment in Downtown Billings costs $1,652.
What types of apartments are the cheapest in Downtown 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 3 regular apartments in Downtown 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 Downtown Billings?
Cheap apartments in Downtown Billings have an average cost of $315 which is $1,337 cheaper than the average rent for all rentals in Downtown 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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!