
Cheap Homes for Rent in Billings, MT from $900 (25 Rentals)
Search the lowest-cost Homes available for rent right now in Billings.


504 Howard Ave

922 1/2 Terry Ave

103 Alderson Ave

215 1/2 Jackson St

337 Aristocrat Dr
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.

236 Custer Ave, Unit 236 BSMT

1526 Lake Elmo Dr

1131 Miles Ave, Unit 1131 Miles Avenue

743 Wyoming Ave

2310 First Ave N

2119 8th Ave N
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.

616 Yellowstone Ave, Unit 616 Yellowstone Ave

2016 Clubhouse Way

1709 Plateau Rd

743 Cook Ave, Unit Apt B

2252 Avenue C

701 Alderson Ave
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.

201 Avenue D

238 Terry Ave, Unit 1

622 Richard St

371 Cape Cod Dr

3390 Canyon Dr

1736 Avenue F
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.

5022 Danford Dr
Billings, MT Local Guide

How much does it cost to rent a home in Billings?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Billings 2 Bedroom Homes for Rent | $1,544 | $1,100 | $2,200 |
| Billings 3 Bedroom Homes for Rent | $1,805 | $1,250 | $2,495 |
| Billings 4 Bedroom Homes for Rent | $2,673 | $1,849 | $4,000 |
| Billings 5 Bedroom Homes for Rent | $3,050 | $2,600 | $3,500 |
Browse Top Homes for Rent in Billings
Explore Billings
Billings, MT Local Guide
- Billings Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Billings, MT
Pricing Updated: 06/13/2026Current apartment rentals in the Billings, MT area range in price from $495 to $6,891 with an overall median price of $1,960. The three Billings neighborhoods with the lowest median rent pricing are North Side Billings at $495, South Side Billings at $495, and Downtown Billings at $495. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Billings Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North Side Billings | $1,495 | $495 | 18 |
| South Side Billings | $1,495 | $495 | 21 |
| Downtown Billings | $1,650 | $495 | 39 |
| East Central Billings | $1,916 | $700 | 36 |
| West Central Billings | $2,275 | $850 | 91 |
| North Central Billings | $2,390 | $850 | 32 |
| East Heights | $2,500 | $695 | 15 |
Cheapest Available Billings Apartments for Rent
 The cheapest available apartment rental in Billings, MT is a 1 Bed unit found at The Place at North 24th in the North Side Billings neighborhood priced from $595. The Place at Lake Elmo in the East Heights neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Billings apartments for rent:
| 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 |
| 1141 28th St | 1 Beds | 1BR,1BA | $850 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $850 |
| Rockvue Lofts | 2 bed 1 bath | 2BR,1BA | $865 |
Best Value Apartments for Rent in Billings, MT
As of June 14, 2026 the best value apartment in the 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 Billings apartment is the 2 Bed/1.75 Bath Model at Brookshire Village Apartments starting at $1,445 with a $1.28 price per square foot in the West Central Billings neighborhood. Here is today’s list of the best values for 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 |
| Brookshire Village Apartments | 2 Bed/1.75 Bath | 2BR,2BA | $1.28 |
| 1221 Yellowstone Ave, Unit #A | 1221 Yellowstone Ave | 2BR,1BA | $1.05 |
| 2316 Alderson Ave, Unit #3 | 2316 Alderson Ave | 2BR,1BA | $1.06 |
| 534 Hurdle Cir, Unit 436 | 534 Hurdle Cir | 2BR,1BA | $1.28 |
| Olympic Village Apartments | B2 | 2BR,1BA | $1.34 |
| 1542 Governors Blvd, Unit #3 | 1542 Governors Blvd | 2BR,1BA | $1.09 |
| 1644 Kelby Dr, Unit #4 | 1644 Kelby Dr | 2BR,1BA | $1.15 |
| Rockvue Lofts | 2 bed 1 bath | 2BR,1BA | $1.12 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $1.30 |
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.
Read ArticleReal 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.
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.
Best Local Schools in Billings, MT
Central Heights School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Billings, MT Rentals by Map
See the most popular apartments and homes in Billings, MT
Frequently Asked Questions about Billings
What type of rentals are currently available in Billings?
There are currently 206 Apartments for Rent in Billings, MT with pricing that ranges from $495 to $6,891. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Billings ranging from $995 to $4,000.
What is the current price range for Rental Homes in Billings?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Billings ranges from $995 to $4,000 with an average monthly rent of $1,975.
How much are larger Three and Four Bedroom Rentals in Billings?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Billings range from $1,195 to $5,784, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,495. Four Bedroom Single-Family rentals are also available starting from $1,849 and Four Bedroom Apartments start at $2,500.
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

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.