
Cheap Apartments for Rent in the Downtown Billings Neighborhood of Billings, MT from $400 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Billings area of Billings.


The Place at Rimrock

424 Howard Ave

629 St Johns Ave

3838 State Ave

1204 Avenue E

The Place at Lake Elmo

Total Monthly Price
2418 Pine St, Unit #404, Unit #404

Total Monthly Price
937 N 17th St, Unit #D, Unit #D

Rockvue Lofts
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.

2614 Highwood Dr, Unit North, Unit North

838 Avenue B

Colton Heights Apartments

Highlands Apartments

213 S 28th St

Total Monthly Price
1221 Yellowstone Ave, Unit #A, Unit #A

Total Monthly Price
2316 Alderson Ave, Unit #3, Unit #3

3305 5th Ave S

Total Monthly Price
1214 9th St W, Unit Lower level, Unit Lower level

Total Monthly Price
1200 Avenue C, Unit B, Unit B
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.

640 Lake Elmo Dr, Unit 1

613 S 34th St

Rosepark Plaza Apartments

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
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.

Okerman Apartments

Southern Lights Apartments

4 Lewis Ave

1521 10th St W

Ridgeview Apartments

435 Lordwith Dr

Midway Apartments

Pinehurst Apartments

1905 Burnstead Dr

Basking Ridge 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.

1201 Yellowstone Ave

Sandstone Place

3 7th St. West

346 Bench

1433 Wyoming Ave

1715 3rd St W

4139 Arden Ave

1032 Lake Elmo Dr

Stoneridge Apartments

Samuel Court
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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 | $1,376 | $865 | $2,249 |
| Downtown Billings 1 Bedroom Apartments | $923 | $495 | $1,395 |
| Downtown Billings 2 Bedroom Apartments | $1,312 | $700 | $1,973 |
| Downtown Billings 3 Bedroom Apartments | $1,520 | $1,195 | $1,695 |
| Downtown Billings 4 Bedroom Apartments | $1,695 | $1,695 | $1,695 |
Browse Apartments in this Neighborhood
There are currently 57 rentals with your search options within a 2 mile radius of the Downtown Billings Neighborhood of Billings, MT.
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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 $595. The Place at Rimrock has the second lowest priced unit, which is a 1 Bed 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 | $595 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $795 |
| The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $800 |
| Rockvue Lofts | Small Studio | Studio,1BA | $850 |
| 838 Avenue B | 1 BD 1 bath | 1BR,1BA | $925 |
| Highlands Apartments | 1 Bed | 1 Bath | 1BR,1BA | $995 |
Best Value Apartments for Rent in Downtown Billings, MT
As of April 24, 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 $1,599. 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 |
| 1200 Avenue C, Unit B | 1200 Avenue C | 2BR,1BA | $1.20 |
| Rimrock West Apartments | B1 | 2BR,1.5BA | $1.42 |
| 1221 Yellowstone Ave, Unit #A | 1221 Yellowstone Ave | 2BR,1BA | $1.11 |
| 2316 Alderson Ave, Unit #3 | 2316 Alderson Ave | 2BR,1BA | $1.09 |
| 736 Grand Ave, Unit MAIN LEVEL | 736 Grand Ave | 2BR,1BA | $1.16 |
| Highlands Apartments | 1 Bed | 1 Bath | 1BR,1BA | $1.49 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $1.21 |
| 937 N 17th St, Unit #D | 937 N 17th St | 1BR,1BA | $1.50 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 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 #5
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
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.