Cheap Homes for Rent in Downtown Billings Neighborhood of Billings, MT from $800 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Billings area of Billings.

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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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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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 2 Beds unit found at Ridgeview Apartments priced from $795. The Place at Lake Elmo has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Downtown Billings apartments for rent in Billings, MT:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudio2BR,1BA$795
The Place at Lake Elmo1 Bedroom1BR,1BA$850
Rockvue LoftsSmall StudioStudio,1BA$865
The Place at North 24th1 Bedroom1BR,1BA$895
The Place at Rimrock1 Bedroom1BR,1BA$900

Best Value Apartments for Rent in Downtown Billings, MT

As of January 28, 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 Three Bedroom Two Bathroom Model at Brush Meadows starting at $1,600 with a $1.51 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.
Lordwith ApartmentsRenovated 2 Bedroom 1 Bath2BR,1BA$1.27
Brush MeadowsThree Bedroom Two Bathroom3BR,2BA$1.51
Rocky Meadows ApartmentsB12BR,2BA$1.40
984 N 18th St, Unit 984984 N 18th St2BR,1BA$1.20
Rimrock West ApartmentsB12BR,1.5BA$1.42
3 7th St. West2 Bed/1 Bath2BR,1BA$1.03
Riverwalk Apartments2 BD/2 BA2BR,2BA$1.50
Ridgeview Apartments1 Bed/1 Bath1BR,1BA$1.06
Highlands Apartments1 Bedroom 1 Bath-Highlands1BR,1BA$1.63
Pinehurst Apartments1 Bed 1 Bath1BR,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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The 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.

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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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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 Downtown Billings

What type of rentals are currently available in Downtown Billings?

There are currently 137 Apartments for Rent in Downtown Billings, MT with pricing that ranges from $600 to $2,025. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Billings ranging from $895 to $3,600.

What is the current price range for Rental Homes in Downtown Billings?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Billings ranges from $895 to $3,600 with an average monthly rent of $1,722.

How much are larger Three and Four Bedroom Rentals in Downtown Billings?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Billings range from $1,250 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $2,875. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $1,250.

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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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.

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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.

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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.

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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.