Rentometer, Inc. | Data as of 10/22/2025
Lockwood, Montana, offers a blend of small‑town charm and convenient access to the amenities of nearby Billings, making it an attractive destination for families, professionals, and retirees seeking quality rental options. The city’s residential landscape is dominated by spacious single‑family homes, many nestled in quiet cul‑de‑sacs and tree‑lined streets that provide a peaceful setting while still being just minutes from the bustling commercial districts, schools, and healthcare facilities of the region.
Renters looking for generous living space will find the market especially appealing, with larger four‑plus‑bedroom houses commanding averages in the $2700s and medians in the mid‑$2500 range. These homes typically feature modern amenities, open‑floor plans, and ample yard space—perfect for growing families or anyone who values privacy and room to entertain. While apartments are fewer, they complement the housing mix by offering lower‑maintenance options for individuals or couples who prefer a more streamlined lifestyle.
Lockwood’s appeal extends beyond its homes. The community sits near the scenic Yellowstone River, providing outdoor enthusiasts with easy access to fishing, hiking, and riverfront parks. Local attractions such as the Lockwood Community Center and nearby shopping plazas add to the convenience and quality of life. With a balanced rental market that caters to diverse needs, Lockwood remains a welcoming place to call home in the heart of Montana’s vibrant southwest.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| House | 4+ Bedroom | $2,711 | $2,397 | $2,250 - $3,800 | $2,300 - $3,800 |
In the current period, the average rent in Lockwood was
$1,595 for 3 Bedroom, and
$2,711 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.