
Cheap Homes for Rent in Colstrip, MT from $400 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Colstrip.


1208 Milwaukee St

617 N 14th 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.

215 1/2 Jackson St

621 1st Ave

103 Alderson Ave

130 Broadwater Ave
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.

1327 Panners Pl
Colstrip, MT Local Guide

How much does it cost to rent a home in Colstrip?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colstrip 2 Bedroom Homes for Rent | $1,413 | $400 | $2,300 |
| Colstrip 3 Bedroom Homes for Rent | $1,748 | $1,100 | $2,195 |
| Colstrip 4 Bedroom Homes for Rent | $2,358 | $1,750 | $3,100 |
Browse Top Homes for Rent in Colstrip
Explore Colstrip
Colstrip, MT Local Guide
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Cheapest Available Colstrip Apartments for Rent and Nearby
 The cheapest available apartment rental in Colstrip, 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 Colstrip 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 |
Best Value Apartments for Rent in Colstrip, MT and Nearby
As of June 24, 2026 the best value apartment in the Colstrip area is the $1.59 price per square foot Unit E - Three Bedrooms Model at Shiloh Commons in the in the West Central Billings neighborhood starting from $2,290. The second greatest value Colstrip apartment is the Three Bedroom Model at Inter Pointe starting at $1,925 with a $1.52 price per square foot in the West Central Billings neighborhood. Here is today’s list of the best values for Colstrip apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shiloh Commons | Unit E - Three Bedrooms | 3BR,2BA | $1.59 |
| Inter Pointe | Three Bedroom | 3BR,2BA | $1.52 |
| Rocky Meadows Apartments | B1 | 2BR,2BA | $1.51 |
| Rimrock West Apartments | B1 | 2BR,1.5BA | $1.35 |
| Olympic Village Apartments | B2R | 2BR,1BA | $1.44 |
| Highlands Apartments | 2 Bed | 1 Bath | 2BR,1BA | $1.60 |
| Rockvue Lofts | 2 bed 1 bath | 2BR,1BA | $1.12 |
| 1141 28th St | 2 Beds | 2BR,1BA | $1.44 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $1.30 |
| The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $1.62 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Colstrip, MT
Frequently Asked Questions about Colstrip
What type of rentals are currently available in Colstrip?
There are currently 56 Apartments for Rent in Colstrip, MT with pricing that ranges from $495 to $6,450. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colstrip ranging from $400 to $3,100.
What is the current price range for Rental Homes in Colstrip?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Colstrip ranges from $400 to $3,100 with an average monthly rent of $1,718.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.