Cheap Homes for Rent in Downtown Billings Neighborhood of Billings, MT from $500 (20 Rentals)

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

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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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.

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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 1 Bed unit found at The Place at North 24th priced from $775. 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 ListingModel NameBed/BathPriced From
The Place at North 24th1 Bedroom1BR,1BA$775
Ridgeview ApartmentsStudio2BR,1BA$795
The Place at Lake Elmo1 Bedroom1BR,1BA$925
The Place at Rimrock1 Bedroom1BR,1BA$995
Rockvue Lofts1 bed 1 bath1BR,1BA$995

Best Value Apartments for Rent in Downtown Billings, MT

As of June 20, 2025 the best value apartment in the Downtown Billings area is the $1.25 price per square foot Classic 2 Bedroom 1 Bath Model at Lordwith Apartments in the in the North Side Billings neighborhood starting from $1,325. The second greatest value Downtown Billings apartment is the B1 Model at Rocky Meadows Apartments starting at $1,620 with a $1.56 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lordwith ApartmentsClassic 2 Bedroom 1 Bath2BR,1BA$1.25
Rocky Meadows ApartmentsB12BR,2BA$1.56
Rimrock West ApartmentsB12BR,1.5BA$1.46
Ridgeview Apartments1 Bed/1 Bath1BR,1BA$1.06
The Place at Rimrock1 Bedroom1BR,1BA$1.52
Bench Apartments1 Bed/1 Bath1BR,1BA$1.81
Rockvue Lofts1 bed 1 bath1BR,1BA$1.54
Colton Heights Apartments2 Bedroom - Balcony2BR,1BA$1.80
The Place at North 24th1 Bedroom1BR,1BA$1.49
The Place at Lake Elmo1 Bedroom Refreshed1BR,1BA$2.01

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Downtown Billings

What type of rentals are currently available in Downtown Billings?

There are currently 129 Apartments for Rent in Downtown Billings, MT with pricing that ranges from $600 to $8,202. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Billings ranging from $595 to $2,750.

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 $595 to $2,750 with an average monthly rent of $1,421.

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 $1,295 to $8,202, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $2,295.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.