Cheap Apartments for Rent in Shepherd, MT from $600 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Shepherd.

The Place at Rimrock

Ridgeview Apartments
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.

Harvest Granger Apartments

Inter Pointe

Colton Heights Apartments

13 N 32nd St
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.

211 N 34th St

810 N 22nd St

2022 Burnstead Dr

2040 Burnstead Dr

1 N Broadway
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.

1149 Caroline St

836 Yellowstone River Rd

1907 Burnstead Dr

216 1/2 N 22nd St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

2150 Burnstead Dr

640 Lake Elmo Dr
Shepherd, MT Local Guide

How much does it cost to rent an apartment in Shepherd?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Shepherd Studio Apartments | $1,285 | $795 | $1,395 |
Shepherd 1 Bedroom Apartments | $1,453 | $600 | $5,972 |
Shepherd 2 Bedroom Apartments | $1,625 | $795 | $6,699 |
Shepherd 3 Bedroom Apartments | $2,613 | $1,215 | $8,202 |
Browse Top Apartments in Shepherd
See all Apartments in ShepherdExplore Shepherd
Shepherd, MT Local Guide
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Cheapest Available Shepherd Apartments for Rent and Nearby
 The cheapest available apartment rental in Shepherd, MT is a 1 Bed unit found at The Place at North 24th in the North Side Billings neighborhood priced from $775. Ridgeview Apartments in the North Central Billings neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here is today’s list of the most affordable Shepherd apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Place at North 24th | 1 Bedroom | 1BR,1BA | $775 |
Ridgeview Apartments | Studio | 2BR,1BA | $795 |
Eastwood Apartments | 1 Bed/1 Bath | 1BR,1BA | $925 |
The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $925 |
The Place at Rimrock | 1 Bedroom | 1BR,1BA | $995 |
Rockvue Lofts | 1 bed 1 bath | 1BR,1BA | $995 |
Harvest Granger Apartments | 1 Bedroom - 2nd Floor | 1BR,1BA | $1,025 |
Colton Heights Apartments | 2 Bedroom - Small | 2BR,1BA | $1,100 |
Central Court Village | 1 Bedroom | 1 Bath | 1BR,1BA | $1,108 |
Highlands Apartments | 1 Bedroom 1 Bath-Highlands | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Shepherd, MT and Nearby
As of June 11, 2025 the best value apartment in the Shepherd area is the $1.42 price per square foot C1 Model at Country Meadows Apartment Homes in the in the North Central Billings neighborhood starting from $1,885. The second greatest value Shepherd 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 Shepherd apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Country Meadows Apartment Homes | C1 | 3BR,2BA | $1.42 |
Inter Pointe | Three Bedroom | 3BR,2BA | $1.52 |
Brookshire Village Apartments | 2 Bed/1.75 Bath | 2BR,2BA | $1.33 |
Lordwith Apartments | Classic 2 Bedroom 1 Bath | 2BR,1BA | $1.25 |
Rimrock West Apartments | B1 | 2BR,1.5BA | $1.44 |
Olympic Village Apartments | B1 | 2BR,1BA | $1.53 |
Ridgeview Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.06 |
The Place at Rimrock | 1 Bedroom | 1BR,1BA | $1.52 |
Eastwood Apartments | 1 Bed/1 Bath/Loft | 1BR,1BA | $1.46 |
The Place at North 24th | 1 Bedroom | 1BR,1BA | $1.49 |
Quick Rent Budget Calculator
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Best Local Schools in Shepherd, MT
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Cheap Shepherd Apartments
How much is rent for a Cheap One Bedroom Shepherd Apartment?
The lowest price for a Cheap One Bedroom Shepherd Apartment is $775 at The Place at North 24th.
What is the lowest price for a Cheap Two Bedroom Shepherd Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Shepherd is starting from $795 at Ridgeview Apartments.
What is the most affordable Shepherd Three Bedroom Apartment?
The best deal on a cheap Shepherd Three Bedroom Apartment rental is at The Place at Rimrock and starts from $1,295.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.