Cheap Homes for Rent in Downtown Billings Neighborhood of Billings, MT from $700 (38 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 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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property at 2604 Phyllis Ln

2604 Phyllis Ln

BillingsMT59102

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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Showing Results 1-38, Page 1 of 1

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 $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 ListingModel NameBed/BathPriced From
The Place at North 24thStudio1BR,1BA$645
Ridgeview ApartmentsStudio2BR,1BA$795
Rockvue LoftsLarge StudioStudio,1BA$875
The Place at Rimrock1 Bedroom1BR,1BA$900
The Place at Lake Elmo1 Bedroom1BR,1BA$925
Highlands Apartments1 Bedroom 1 Bath-Highlands1BR,1BA$995
1433 Wyoming Ave2 Bed/1.5 Bath2BR,1BA$1,050
Colton Heights Apartments2 Bedroom2BR,1BA$1,175
Rimrock West ApartmentsB12BR,1BA$1,285

Best Value Apartments for Rent in Downtown Billings, MT

As of September 13, 2025 the best value apartment in the Downtown Billings area is the $0.90 price per square foot 535 Avenue E Model at 535 Avenue E, Unit 535 in the in the East Central Billings neighborhood starting from $1,100. The second greatest value Downtown Billings apartment is the Shiloh Model at Avenue C Apartments starting at $1,923 with a $1.79 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 ListingModel NameBed/BathPrice Per Sq.Ft.
535 Avenue E, Unit 535535 Avenue E2BR,1BA$0.90
Avenue C ApartmentsShiloh2BR,2BA$1.79
Rimrock West ApartmentsB12BR,1.5BA$1.35
Brush MeadowsTwo Bedroom One Bathroom South2BR,1BA$1.44
Rocky Meadows ApartmentsA11BR,1BA$1.65
1433 Wyoming Ave2 Bed/1.5 Bath2BR,1.5BA$1.31
Ridgeview Apartments1 Bed/1 Bath1BR,1BA$1.06
The Place at Rimrock1 Bedroom1BR,1BA$1.37
Colton Heights Apartments2 Bedroom2BR,1BA$1.81
Highlands Apartments1 Bedroom 1 Bath-Madison1BR,1BA$1.77

Quick Rent Budget Calculator

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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 #5

Among cities in Montana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
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 130 Apartments for Rent in Downtown Billings, MT with pricing that ranges from $600 to $2,495. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Billings ranging from $750 to $3,795.

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 $750 to $3,795 with an average monthly rent of $1,894.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.