
Cheap Homes for Rent in Downtown Billings Neighborhood of Billings, MT from $900 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Billings area of Billings.


841 Cook Ave

1244 1/2 N 24th St

1711 Avenue D

413 7th St W

1006 25th St W

103 Alderson Ave
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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.

820 Central Ave

711 Wyoming Ave

1600 Avenue E

1029 1/2 Yale Ave

346 Wyoming Ave

2915 2nd Ave S, Unit 205
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.
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 | $1,431 | $925 | $2,025 |
| Downtown Billings 3 Bedroom Homes for Rent | $1,913 | $1,395 | $3,000 |
| Downtown Billings 4 Bedroom Homes for Rent | $2,247 | $1,695 | $3,300 |
| Downtown Billings 5 Bedroom Homes for Rent | $3,675 | $3,250 | $4,100 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 $645. 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 North 24th | Studio | 1BR,1BA | $645 |
| Ridgeview Apartments | Studio | 2BR,1BA | $795 |
| The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $850 |
| Rockvue Lofts | 2 bed 1 bath | 2BR,1BA | $865 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $900 |
Best Value Apartments for Rent in Downtown Billings, MT
As of December 13, 2025 the best value apartment in the Downtown Billings area is the $0.68 price per square foot 1047 N 26th St Model at 1047 N 26th St, Unit 1047 N 26th St in the in the North Side Billings neighborhood starting from $1,075. The second greatest value Downtown Billings apartment is the Yellowstone Model at Avenue C Apartments starting at $2,206 with a $1.53 price per square foot in the West 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. |
|---|---|---|---|
| 1047 N 26th St, Unit 1047 N 26th St | 1047 N 26th St | 2BR,1BA | $0.68 |
| Avenue C Apartments | Yellowstone | 3BR,2BA | $1.53 |
| Lordwith Apartments | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.27 |
| Brush Meadows | Three Bedroom Two Bathroom | 3BR,2BA | $1.51 |
| Rimrock West Apartments | B1 | 2BR,1.5BA | $1.33 |
| 1044 N 25th St, Unit 1044.5 N 25th St | 1044 N 25th St | 2BR,1BA | $1.03 |
| 1273 Yellowstone Ave, Unit Great Condo wAll Util inc | 1273 Yellowstone Ave | 1BR,1BA | $1.26 |
| Highlands Apartments | 2 Bedroom 1 Bath-Highlands | 2BR,1BA | $1.39 |
| Rockvue Lofts | 2 bed 1 bath | 2BR,1BA | $1.12 |
| Ridgeview Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.06 |
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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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 #2
Among cities in Montana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 $600 to $2,206. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Billings ranging from $925 to $4,100.
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 $925 to $4,100 with an average monthly rent of $2,103.
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 $2,206, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,695 and Four Bedroom Apartments start at $1,500.
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

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
