Cheap Apartments for Rent near Lockwood, MT from $625 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lockwood.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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307 S 28th St
Studio to 2 Bedroom Apartments

307 S 28th St

307 S 28th StBillings, MT 59101
  • Utilities Included
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4 Lewis Ave
Studio to 1 Bedroom Apartments

4 Lewis Ave

4 Lewis AveBillings, MT 59101
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Midway Apartments
1 Bedroom Apartments

Midway Apartments

2020 Alderson AveBillings, MT 59102
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Ridgeview Apartments
Studio to 2 Bedroom Apartments

Ridgeview Apartments

1203 Broadwater AveBillings, MT 59102
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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810 Crist Dr
1 Bedroom Apartments

810 Crist Dr

810 Crist DrBillings, MT 59105
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Central Court Village
1 to 2 Bedroom Apartments

Central Court Village

78 27th St WBillings, MT 59102
Senior Living
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838 Avenue B
1 Bedroom Apartments

838 Avenue B

838 Avenue BBillings, MT 59102
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3 7th St. West
2 Bedroom Apartments

3 7th St. West

3 7th St WBillings, MT 59101
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1410 Lake Elmo Dr
2 Bedroom Apartments

1410 Lake Elmo Dr

1410 Lake Elmo DrBillings, MT 59105
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Samuel Court
1 Bedroom Apartments

Samuel Court

601 Samuel CtBillings, MT 59105
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813 Dreamers Loop
1 Bedroom Apartments

813 Dreamers Loop

839 Dreamers LoopBillings, MT 59105
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1937 Clubhouse Way
2 Bedroom Apartments

1937 Clubhouse Way

1937 Clubhouse WayBillings, MT 59105
  • Utilities Included

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.

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Showing Results 1-37, Page 1 of 1

Lockwood, MT Local Guide

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 $725. Rockvue Lofts in the North Side Billings neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $825. Here is today’s list of the most affordable Lockwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Place at North 24thStudio1BR,1BA$725
Rockvue LoftsSmall Studio2BR,1BA$825
1141 28th St1 Beds1BR,1BA$850
The Place at Rimrock1 Bedroom1BR,1BA$925
The Place at Lake Elmo1 Bedroom1BR,1BA$925
Samuel Court1BR/1BA1BR,1BA$1,125
Jasmine Circle Apartments1 Bed/1 Bath1BR,1BA$1,125
Colton Heights Apartments2 Bedroom - Small2BR,1BA$1,150
Highlands Apartments1 Bed | 1 Bath1BR,1BA$1,195
Harvest Granger Apartments2 Bedroom / 1 Bath - 1st Floor2BR,1BA$1,225

Best Value Apartments for Rent in Lockwood, MT and Nearby

As of August 31, 2026 the best value apartment in the Lockwood area is the $1.64 price per square foot Tri-Level 2 X 2.5 Townhome Model at The Amber Townhomes 1 in the in the West Central Billings neighborhood starting from $2,349. The second greatest value Lockwood apartment is the 3X2D Model at Inter Urban starting at $1,990 with a $1.45 price per square foot in the West Central Billings neighborhood. Here is today’s list of the best values for Lockwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Amber Townhomes 1Tri-Level 2 X 2.5 Townhome2BR,2.5BA$1.64
Inter Urban3X2D3BR,2BA$1.45
Rocky Meadows ApartmentsB12BR,2BA$1.43
Inter PointeTwo Bedroom2BR,2BA$1.55
Rimrock West ApartmentsB12BR,1.5BA$1.47
Olympic Village ApartmentsB12BR,1BA$1.44
Harvest Granger Apartments2 Bedroom / 1 Bath - 1st Floor2BR,1BA$1.51
1433 Wyoming Ave2 Bed/1.5 Bath2BR,1.5BA$1.56
1141 28th St2 Beds2BR,1BA$1.44
The Place at Rimrock1 Bedroom1BR,1BA$1.41

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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Real 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.

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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lockwood, MT Rentals by Map

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See the most popular apartments and homes in Lockwood, MT

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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 $825.

How much is rent for a Cheap One Bedroom Lockwood Apartment?

The lowest price for a Cheap One Bedroom Lockwood Apartment is $725 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 $825 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 Rocky Meadows Apartments and starts from $1,910.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.