Rentometer, Inc. | Data as of 10/22/2025
BillingsâŻoffers a dynamic rental market that balances the charm of a western city with the convenience of modern amenities. Whether youâre searching for a cozy studio in the vibrant Downtown core or a spacious family home near the Yellowstone River, the cityâs diverse neighborhoodsâsuch as the historic East End, the growing North BillingsâŻdistrict, and the scenic South RanchâŻareaâprovide a range of housing styles to match different lifestyles. Apartments dominate the market, delivering flexible living spaces close to popular attractions like the MossâŻMallet Arena and the PioneerâŻMuseum, while singleâfamily houses are plentiful in suburban pockets that boast easy access to parks, schools, and shopping centers.
Rental rates in Billings generally sit within affordable brackets for the region. Studio apartments often fall in the $1,000â$1,200 range, and oneâbedroom units typically rent in the $1,100â$1,300 bracket. Larger floor plans, such as twoâ and threeâbedroom apartments, commonly appear in the $1,400â$2,000 range, reflecting the cityâs balanced costâofâliving. For those preferring a house, oneâbedroom homes are similarly priced to studios, while twoâbedroom houses usually land in the $1,400â$1,500 bracket. Threeâbedroom homes and larger properties tend to be available in the $2,100â$2,400 range, offering ample space for families and professionals alike.
Beyond pricing, Billingsâ rental landscape benefits from a strong local economy anchored by healthcare, energy, and education sectors, which help sustain demand for quality housing. Prospective renters can enjoy easy commutes, a thriving cultural scene, and easy access to outdoor recreation in the nearbyâŻRockyâŻMountains andâŻYellowstoneâŻNational Park. This blend of affordability, variety, and lifestyle makes Billings a compelling choice for tenants seeking both convenience and the quintessential Montana experience.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,104 | $1,060 | $625 - $1,734 | $850 - $1,346 |
| Apartment | 1 Bedroom | $1,137 | $1,137 | $396 - $1,929 | $850 - $1,400 |
| Apartment | 2 Bedroom | $1,369 | $1,290 | $660 - $2,349 | $1,050 - $1,595 |
| Apartment | 3 Bedroom | $1,850 | $1,798 | $975 - $2,600 | $1,565 - $2,290 |
| Apartment | 4+ Bedroom | $2,397 | $2,195 | $1,895 - $3,200 | $2,195 - $2,500 |
| House | 1 Bedroom | $1,115 | $1,000 | $795 - $2,000 | $875 - $1,300 |
| House | 2 Bedroom | $1,469 | $1,495 | $600 - $2,500 | $1,150 - $1,695 |
| House | 3 Bedroom | $2,139 | $2,195 | $850 - $3,995 | $1,895 - $2,495 |
| House | 4+ Bedroom | $2,400 | $2,300 | $195 - $3,800 | $2,100 - $2,650 |
In the current period, the average rent in Billings was $1,237 for Studio, $1,134 for 1 Bedroom, $1,411 for 2 Bedroom, $2,073 for 3 Bedroom, and $2,340 for 4+ Bedroom.
Data provided by Rentometer, Inc.