
Cheap Apartments for Rent in Lockwood, MT from $400 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Lockwood.


The Place at Rimrock

Midway Apartments

The Place at Lake Elmo

Rockvue Lofts

Total Monthly Price
Highlands Apartments

Colton Heights Apartments

2273 1st St W

Inter Pointe
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.

Harvest Granger Apartments

Total Monthly Price
Castlerock Apartment Homes

1526 Lake Elmo Dr

1937 Clubhouse Way

Total Monthly Price
Rock Creek

Rosepark Plaza Apartments

307 S 28th St

4 Lewis Ave

838 Avenue B
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.

Ridgeview Apartments

3315 Central Ave

Pinehurst Apartments

810 Crist Dr

Eastwood Apartments

Central Court Village

1 N Broadway

3 7th St. West

1711 Avenue D
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.

1410 Lake Elmo Dr

1433 Wyoming Ave

1032 Lake Elmo Dr

813 Dreamers Loop

Stoneridge Apartments

Samuel Court

Bench Apartments

Jasmine Circle Apartments

3537 Miles Ave
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.
Lockwood, MT Local Guide

How much does it cost to rent an apartment in Lockwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lockwood Studio Apartments | $1,531 | $865 | $3,242 |
| Lockwood 1 Bedroom Apartments | $1,451 | $495 | $3,847 |
| Lockwood 2 Bedroom Apartments | $1,636 | $895 | $4,151 |
| Lockwood 3 Bedroom Apartments | $2,510 | $1,195 | $5,930 |
Browse Top Apartments in Lockwood
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Lockwood, MT Local Guide
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Cheapest Available Lockwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Lockwood, 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 Rimrock in the North Side Billings neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Lockwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Place at North 24th | Studio | 1BR,1BA | $595 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $795 |
| Midway Apartments | 1 Bed/1 Bath | 1BR,1BA | $795 |
| The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $800 |
| Rockvue Lofts | Small Studio | Studio,1BA | $850 |
| Pinehurst Apartments | 1 Bed 1 Bath | 1BR,1BA | $850 |
| 810 Crist Dr | 1 Bed/1 Bath | 1BR,1BA | $895 |
| Central Court Village | 1 Bedroom | 1 Bath | 1BR,1BA | $923 |
| Colton Heights Apartments | 1 Bedroom + Den | 2BR,1BA | $975 |
| Inter Pointe | Studio | Studio,1BA | $1,050 |
Best Value Apartments for Rent in Lockwood, MT and Nearby
As of April 07, 2026 the best value apartment in the Lockwood area is the $1.40 price per square foot Big Sky Model at Farmstead Townhomes in the in the West Central Billings neighborhood starting from $2,695. The second greatest value Lockwood apartment is the The Post - 2 Bed / 2 Bath Model at Old Town Flats starting at $1,725 with a $1.44 price per square foot in the North Side Billings neighborhood. Here is today’s list of the best values for Lockwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Farmstead Townhomes | Big Sky | 3BR,2BA | $1.40 |
| Old Town Flats | The Post - 2 Bed / 2 Bath | 2BR,2BA | $1.44 |
| Brookshire Village Apartments | 2 Bed/1.75 Bath | 2BR,2BA | $1.28 |
| Brush Meadows | Three Bedroom Two Bathroom | 3BR,2BA | $1.51 |
| Lordwith Apartments | Renovated 2 Bedroom 1 Bath | 2BR,1BA | $1.27 |
| Rimrock West Apartments | B1 | 2BR,1.5BA | $1.43 |
| Olympic Village Apartments | B2R | 2BR,1BA | $1.49 |
| 1937 Clubhouse Way | 2 Bed/1 Bath | 2BR,1BA | $1.30 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $1.21 |
| Pinehurst Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.31 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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!
Explore Lockwood, MT Rentals by Map
See the most popular apartments and homes in Lockwood, MT
Frequently Asked Questions about Cheap Lockwood Apartments
What is the Cheapest Studio apartment in Lockwood?
Currently the most affordable Cheap Studio Apartment in Lockwood is at Rockvue Lofts listed at $850.
How much is rent for a Cheap One Bedroom Lockwood Apartment?
The lowest price for a Cheap One Bedroom Lockwood Apartment is $595 at The Place at North 24th.
What is the lowest price for a Cheap Two Bedroom Lockwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lockwood is starting from $865 at Rockvue Lofts.
What is the most affordable Lockwood Three Bedroom Apartment?
The best deal on a cheap Lockwood Three Bedroom Apartment rental is at The Place at Rimrock and starts from $1,195.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.