
Cheap Apartments for Rent in the Downtown Billings Neighborhood of Billings, MT from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Billings area of Billings.


The Place at Rimrock

Ridgeview Apartments

3838 State Ave

The Place at Lake Elmo

Rosepark Plaza Apartments
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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.

220 N 24th St

3300 3rd Ave N

Acme Hotel Apartments

524 N 23rd St

1117 17th St W

Sage Tower Apartments
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307 S 28th St

Okerman Apartments

Southern Lights Apartments

4 Lewis Ave

838 Avenue B

Midway Apartments
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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.

435 Lordwith Dr

1521 10th St W
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 | $944 | $795 | $1,395 |
| Downtown Billings 1 Bedroom Apartments | $1,025 | $495 | $1,655 |
| Downtown Billings 2 Bedroom Apartments | $1,332 | $795 | $2,025 |
| Downtown Billings 3 Bedroom Apartments | $1,561 | $1,195 | $1,795 |
Browse Apartments in this Neighborhood
There are currently 20 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 Rimrock priced from $795. 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 Rimrock | 1 Bedroom | 1BR,1BA | $795 |
| Ridgeview Apartments | Studio | 2BR,1BA | $795 |
| The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $800 |
| Pinehurst Apartments | 1 Bed 1 Bath | 1BR,1BA | $850 |
| Rockvue Lofts | Small Studio | Studio,1BA | $850 |
Best Value Apartments for Rent in Downtown Billings, MT
As of March 10, 2026 the best value apartment in the Downtown Billings area is the $1.27 price per square foot Renovated 2 Bedroom 1 Bath Model at Lordwith Apartments in the in the North Side Billings neighborhood starting from $1,350. The second greatest value Downtown Billings apartment is the 3 Bedroom - Refresh Model at The Place at Rimrock starting at $1,295 with a $1.23 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. |
|---|---|---|---|
| Lordwith Apartments | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.27 |
| The Place at Rimrock | 3 Bedroom - Refresh | 3BR,2BA | $1.23 |
| 411 Mervin St, Unit 411 | 411 Mervin St | 2BR,1BA | $1.05 |
| 2320 Alderson Ave, Unit #7 | 2320 Alderson Ave | 2BR,1.5BA | $1.21 |
| 1217 Yellowstone Ave, Unit #B | 1217 Yellowstone Ave | 2BR,1BA | $1.11 |
| 2316 Alderson Ave, Unit #3 | 2316 Alderson Ave | 2BR,1BA | $1.19 |
| Riverwalk Apartments | 2 BD/2 BA | 2BR,2BA | $1.39 |
| 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 | $1.31 |
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
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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 #4
Among cities in Montana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 $995.
What is the price of a cheap apartment in Downtown Billings?
The cheapest apartment in Downtown Billings is The Place at Rimrock which is listed at $795, while the average apartment in Downtown Billings costs $1,685.
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 $118 which is $1,567 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.