Cheap Homes for Rent in Lockwood, MT from $900 (12 Rentals)

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

property at 1600 Avenue E

$1,195 - $1,900

1 To 2 Bedroom Rentals

Available Now

1600 Avenue E

BillingsMT59102

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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Lockwood, MT Local Guide

Cheapest Available Lockwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lockwood, MT is a 2 Beds unit found at Ridgeview Apartments in the North Central Billings neighborhood priced from $795. 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 $850. Here is today’s list of the most affordable Lockwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudio2BR,1BA$795
The Place at Lake Elmo1 Bedroom1BR,1BA$850
Rockvue Lofts2 bed 1 bath2BR,1BA$865
The Place at North 24th1 Bedroom1BR,1BA$895
Eastwood Apartments2 Bed/1 Bath2BR,1BA$925

Best Value Apartments for Rent in Lockwood, MT and Nearby

As of December 21, 2025 the best value apartment in the Lockwood area is the $1.35 price per square foot Wild Rose Model at Farmstead Townhomes in the in the West Central Billings neighborhood starting from $2,595. The second greatest value Lockwood 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 Lockwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Farmstead TownhomesWild Rose3BR,2BA$1.35
Brookshire Village Apartments2 Bed/1.75 Bath2BR,2BA$1.28
Brush MeadowsThree Bedroom Two Bathroom3BR,2BA$1.51
Lordwith ApartmentsRenovated 2 Bedroom 1 Bath2BR,1BA$1.27
Rimrock West ApartmentsB12BR,1.5BA$1.43
Olympic Village ApartmentsB12BR,1BA$1.35
Highlands Apartments2 Bedroom 1 Bath-Highlands2BR,1BA$1.39
Rockvue Lofts2 bed 1 bath2BR,1BA$1.12
Ridgeview Apartments1 Bed/1 Bath1BR,1BA$1.06
Eastwood Apartments2 Bed/1 Bath2BR,1BA$1.23

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

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Frequently Asked Questions about Lockwood

What type of rentals are currently available in Lockwood?

There are currently 72 Apartments for Rent in Lockwood, MT with pricing that ranges from $600 to $4,525. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lockwood ranging from $925 to $3,300.

What is the current price range for Rental Homes in Lockwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lockwood ranges from $925 to $3,300 with an average monthly rent of $1,776.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.