617 N 14th St
BillingsMT59101
Cheap Homes for Rent in Shepherd, MT from $1,000 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Shepherd.
337 Aristocrat Dr
BillingsMT59105
103 Alderson Ave
BillingsMT59101
215 1/2 Jackson St
BillingsMT59101
621 1st Ave
CusterMT59024
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.
130 Broadwater Ave
BillingsMT59101
1327 Panners Pl
BillingsMT59105
1526 Lake Elmo Dr
BillingsMT59105
1131 Miles Ave, Unit 1131 Miles Avenue
1131 Miles Ave
BillingsMT59102
743 Wyoming Ave
BillingsMT59101
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.
2310 First Ave N
BillingsMT59101
712 Oakmont Rd
BillingsMT59105
2119 8th Ave N
BillingsMT59101
2016 Clubhouse Way
BillingsMT59105
616 Yellowstone Ave, Unit 616 Yellowstone Ave
616 Yellowstone Ave
BillingsMT59101
Cash 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.
Showing Results 1-15, Page 1 of 1
Shepherd, MT Local Guide
Brown bear by Madeleine Deaton is licensed under CC BY 2.0
How much does it cost to rent a home in Shepherd?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shepherd 2 Bedroom Homes for Rent | $1,452 | $1,100 | $2,200 |
| Shepherd 3 Bedroom Homes for Rent | $1,762 | $1,100 | $2,395 |
| Shepherd 4 Bedroom Homes for Rent | $2,421 | $1,750 | $3,500 |
| Shepherd 5 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 $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 Shepherd 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 |
| The Place at Rimrock | 1 Bedroom | 1BR,1BA | $850 |
| Rockvue Lofts | 2 bed 1 bath | 2BR,1BA | $865 |
Best Value Apartments for Rent in Shepherd, MT and Nearby
As of June 23, 2026 the best value apartment in the Shepherd 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 Shepherd 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 Shepherd 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 Urban | 3X2D | 3BR,2BA | $1.45 |
| Inter Pointe | Three Bedroom | 3BR,2BA | $1.52 |
| Rocky Meadows Apartments | B1 | 2BR,2BA | $1.50 |
| Rimrock West Apartments | B1 | 2BR,1.5BA | $1.36 |
| Olympic Village Apartments | B2R | 2BR,1BA | $1.44 |
| Harvest Granger Apartments | 2 Bedroom / 1 Bath - 1st Floor | 2BR,1BA | $1.51 |
| 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 |
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 Article
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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Best Local Schools in Shepherd, MT
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shepherd, MT Rentals by Map
See the most popular apartments and homes in Shepherd, MT
Frequently Asked Questions about Shepherd
What type of rentals are currently available in Shepherd?
There are currently 54 Apartments for Rent in Shepherd, MT with pricing that ranges from $495 to $6,450. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shepherd ranging from $1,000 to $3,500.
What is the current price range for Rental Homes in Shepherd?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Shepherd ranges from $1,000 to $3,500 with an average monthly rent of $1,882.
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.