504 Howard Ave
BillingsMT59101
Cheap Homes for Rent in Downtown Billings Neighborhood of Billings, MT from $1,000 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Billings area of Billings.
617 N 14th St
BillingsMT59101
922 1/2 Terry Ave
BillingsMT59101
215 1/2 Jackson St
BillingsMT59101
103 Alderson Ave
BillingsMT59101
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$1,150Studio Apartments Available Now
236 Custer Ave, Unit 236 BSMT
236 Custer AveBillings, MT 59101
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.
1131 Miles Ave, Unit 1131 Miles Avenue
1131 Miles Ave
BillingsMT59102
743 Wyoming Ave
BillingsMT59101
2310 First Ave N
BillingsMT59101
2119 8th Ave N
BillingsMT59101
616 Yellowstone Ave, Unit 616 Yellowstone Ave
616 Yellowstone Ave
BillingsMT59101
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$1,4002 Bedroom Apartments Available Now
743 Cook Ave, Unit Apt B
743 Cook AveBillings, MT 59101
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.
2252 Avenue C
BillingsMT59102
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Downtown Billings, Billings, MT Local Guide
How much does it cost to rent a home in Downtown Billings?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Billings 2 Bedroom Homes for Rent | $1,499 | $1,100 | $2,200 |
| Downtown Billings 3 Bedroom Homes for Rent | $1,734 | $1,250 | $2,300 |
| Downtown Billings 4 Bedroom Homes for Rent | $2,625 | $2,100 | $3,100 |
| Downtown Billings 5 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 13 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Place at North 24th | Studio | 1BR,1BA | $595 |
| The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $800 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $850 |
| Rockvue Lofts | 2 bed 1 bath | 2BR,1BA | $865 |
| Samuel Court | 1BR/1BA | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Downtown Billings, MT
As of June 14, 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 $1,410 with a $1.36 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1041 N 23rd St, Unit 1 | 1041 N 23rd St | 2BR,1BA | $1.20 |
| Rocky Meadows Apartments | B1 | 2BR,2BA | $1.36 |
| Rimrock West Apartments | B1 | 2BR,1.5BA | $1.39 |
| 1221 Yellowstone Ave, Unit #A | 1221 Yellowstone Ave | 2BR,1BA | $1.05 |
| 2316 Alderson Ave, Unit #3 | 2316 Alderson Ave | 2BR,1BA | $1.06 |
| Brush Meadows | Two Bedroom One Bathroom South | 2BR,1BA | $1.50 |
| Rockvue Lofts | 2 bed 1 bath | 2BR,1BA | $1.12 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $1.30 |
| 214 8th St W, Unit 214 1/2 | 214 8th St W | 1BR,1BA | $1.44 |
| 711 Avenue B, Unit #2 | 711 Avenue B | 1BR,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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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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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 LifestyleDowntown Billings, Billings, MT
Ranked #6
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 Downtown Billings
What type of rentals are currently available in Downtown Billings?
There are currently 138 Apartments for Rent in Downtown Billings, MT with pricing that ranges from $495 to $2,300. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Billings ranging from $1,000 to $3,100.
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 $1,000 to $3,100 with an average monthly rent of $1,884.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
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.
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.
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.