Rentometer, Inc. | Data as of 10/23/2025
Billings’ rental market offers a balanced mix of apartments and single‑family homes, catering to a wide range of lifestyles and budgets. Studio and one‑bedroom apartments are abundant in the vibrant downtown corridor and the bustling East End, where renters enjoy easy access to the Yellowstone River waterfront, the historic Main Street district, and a lively selection of dining and entertainment venues. For families seeking more space, larger apartment units and multi‑bedroom houses are well represented in the picturesque neighborhoods of Lockwood and the West End, providing convenient proximity to parks, schools, and shopping centers.
Rent prices reflect the diversity of housing options available. Studio apartments typically rent in the low $1000s, while one‑ and two‑bedroom units often fall within the $1100‑$1300 range. Larger three‑ and four‑plus bedroom apartments and houses trend toward the $1800‑$2500 range, offering ample space for growing households or professionals desiring a home‑like environment. These price points support a dynamic market where both short‑term rentals and long‑term leases thrive, making Billings an attractive destination for newcomers and long‑time residents alike.
Beyond the numbers, Billings boasts a strong sense of community and abundant amenities that enhance the rental experience. Residents can explore the scenic trails along the Yellowstone River, attend cultural events at the Billings Museum of the West, or enjoy outdoor recreation at nearby Pictograph Cave State Park. With its blend of affordable housing, convenient neighborhoods, and a thriving local economy, Billings continues to be a desirable metro area for renters seeking quality of life and growth opportunities.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,105 | $1,060 | $695 - $1,734 | $875 - $1,346 |
| Apartment | 1 Bedroom | $1,154 | $1,116 | $554 - $2,358 | $850 - $1,400 |
| Apartment | 2 Bedroom | $1,329 | $1,237 | $660 - $2,370 | $1,050 - $1,549 |
| Apartment | 3 Bedroom | $1,878 | $1,812 | $1,025 - $2,619 | $1,577 - $2,290 |
| Apartment | 4+ Bedroom | $2,417 | $2,295 | $1,895 - $3,200 | $2,195 - $2,500 |
| House | 1 Bedroom | $1,061 | $950 | $705 - $2,000 | $850 - $1,175 |
| House | 2 Bedroom | $1,478 | $1,495 | $900 - $2,500 | $1,195 - $1,695 |
| House | 3 Bedroom | $2,074 | $2,095 | $850 - $3,995 | $1,650 - $2,475 |
| House | 4+ Bedroom | $2,485 | $2,300 | $195 - $9,500 | $2,100 - $2,750 |
In the current period, the average rent in Billings, MT was $1,202 for Studio, $1,134 for 1 Bedroom, $1,392 for 2 Bedroom, $2,028 for 3 Bedroom, and $2,395 for 4+ Bedroom.
Data provided by Rentometer, Inc.