Cheap Apartments for Rent in Billings, MT from $500 (54 Rentals)

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220 N 24th St
1 to 2 Bedroom Apartments

220 N 24th St

220 N 24th StBillings, MT 59101
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3300 3rd Ave N
1 Bedroom Apartments

3300 3rd Ave N

3300 3rd Ave NBillings, MT 59101
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Acme Hotel Apartments
Studio to 2 Bedroom Apartments

Acme Hotel Apartments

107 N 28th StBillings, MT 59101
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1117 17th St W
2 Bedroom Apartments

1117 17th St W

1117 17th St WBillings, MT 59102
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524 N 23rd St
Studio Apartments

524 N 23rd St

524 N 23rd StBillings, MT 59101
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810 Crist Dr
1 Bedroom Apartments

810 Crist Dr

810 Crist DrBillings, MT 59105
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Sage Tower Apartments
Studio to 1 Bedroom Apartments

Sage Tower Apartments

115 N 24th StBillings, MT 59101
Senior Living
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307 S 28th St
Studio Apartments

307 S 28th St

307 S 28th StBillings, MT 59101
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Okerman Apartments
1 Bedroom Apartments

Okerman Apartments

23-27 Yellowstone AveBillings, MT 59101
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4 Lewis Ave
Studio Apartments

4 Lewis Ave

4 Lewis AveBillings, MT 59101
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838 Avenue B
1 Bedroom Apartments

838 Avenue B

838 Avenue BBillings, MT 59102
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Fox Meadows
Studio to 3 Bedroom Apartments

Fox Meadows

2901 Monad RdBillings, MT 59102
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435 Lordwith Dr
1 Bedroom Apartments

435 Lordwith Dr

435 Lordwith DrBillings, MT 59102
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1521 10th St W
2 Bedroom Apartments

1521 10th St W

1521 10th St WBillings, MT 59102
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Midway Apartments
1 Bedroom Apartments

Midway Apartments

2020 Alderson AveBillings, MT 59102
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1410 Lake Elmo Dr
2 Bedroom Apartments

1410 Lake Elmo Dr

1410 Lake Elmo DrBillings, MT 59105
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3 7th St. West
2 Bedroom Apartments

3 7th St. West

3 7th St WBillings, MT 59101
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1905 Burnstead Dr
2 Bedroom Apartments

1905 Burnstead Dr

1905 Burnstead DrBillings, MT 59101
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1201 Yellowstone Ave
2 Bedroom Apartments

1201 Yellowstone Ave

1201 Yellowstone AveBillings, MT 59102
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Sandstone Place
2 Bedroom Apartments

Sandstone Place

540-550 S 28th StBillings, MT 59101
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Shiloh Glen
1 to 2 Bedroom Apartments

Shiloh Glen

3900 Olympic BlvdBillings, MT 59102

Billings, MT Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Billings, MT

Pricing Updated: 04/11/2025

Current apartment rentals in the Billings, MT area range in price from $600 to $13,459 with an overall median price of $1,789. The three Billings neighborhoods with the lowest median rent pricing are South Side Billings at $600, North Side Billings at $600, and East Heights at $600. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Billings Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Side Billings$1,362$60047
North Side Billings$1,375$60040
East Heights$1,377$60025
Downtown Billings$1,895$60068
East Central Billings$1,895$60086
West Central Billings$2,300$1,04962
North Central Billings$2,325$79587

Cheapest Available Billings Apartments for Rent

 

The cheapest available apartment rental in Billings, MT is a 1 Bed unit found at The Place at North 24th in the North Side Billings neighborhood priced from $645. 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 Billings apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Place at North 24thStudio1BR,1BA$645
Ridgeview ApartmentsStudio2BR,1BA$795
Midway Apartments1 Bed/1 Bath1BR,1BA$795
The Place at Lake Elmo1 Bedroom1BR,1BA$850
Rockvue LoftsSmall StudioStudio,1BA$850
The Place at Rimrock1 Bedroom1BR,1BA$895
Basking Ridge Apartments1 Bed/1 Bath1BR,1BA$895
Colton Heights ApartmentsBasic1BR,1BA$900
Central Court Village1 Bedroom | 1 Bath1BR,1BA$923
Highlands Apartments1 Bedroom 1 Bath-Highlands1BR,1BA$995

Best Value Apartments for Rent in Billings, MT

As of April 11, 2025 the best value apartment in the Billings area is the $1.30 price per square foot C1 Model at Rimrock West Apartments in the in the North Central Billings neighborhood starting from $1,705. The second greatest value Billings apartment is the 2 Bed/1.75 Bath Model at Brookshire Village Apartments starting at $1,495 with a $1.33 price per square foot in the West Central Billings neighborhood. Here is today’s list of the best values for Billings apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rimrock West ApartmentsC13BR,2BA$1.30
Brookshire Village Apartments2 Bed/1.75 Bath2BR,2BA$1.33
Inter Urban2X2C2BR,2BA$1.53
Lordwith ApartmentsClassic 2 Bedroom 1 Bath2BR,1BA$1.15
534 Hurdle Cir, Unit 436534 Hurdle Cir2BR,1BA$1.28
Olympic Village ApartmentsB2R2BR,1BA$1.45
Riverwalk Apartments2 BD/2 BA2BR,2BA$1.44
237 Cape Cod Dr, Unit 1237 Cape Cod Dr2BR,1BA$1.39
Highlands Apartments1 Bedroom 1 Bath-Highlands1BR,1BA$1.41
The Place at Rimrock1 Bedroom1BR,1BA$1.36

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Billings Overview

Billings is the largest city in Montana. In spite of its large population, the city has a small town feel to it, with a strong sense of community that makes life in apartments in Billings wonderful. The economy offers a number of job opportunities and outdoor recreational opportunities abound, as it is surrounded by several mountain ranges.

Why live in Billings, MT?

Montana is very affordable with no sales tax. It’s also a great place to start your own business. The economy is growing at a rapid rate, and has done so since it’s very beginning. Jobs are abundant. People are very friendly, which really helps people feel at home here. For nature enthusiasts and outdoor adventurers, Billings has much to offer. From whitewater rafting to skiing and rappelling, there is something for everyone underneath the big blue skies of the “Magic City.”

Pet Friendly Lifestyle
Billings, MT

Ranked #121

Among cities in Montana for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Billings, MT Rentals by Map

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Getting Around Billings, MT

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Billings Apartments

What is a cheap apartment in Billings?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Billings is under $995.

What is the price of a cheap apartment in Billings?

The cheapest apartment in Billings is The Place at North 24th which is listed at $645, while the average apartment in Billings costs $1,789.

What types of apartments are the cheapest in Billings?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 19 regular apartments in Billings that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Billings?

Cheap apartments in Billings have an average cost of $118 which is $1,671 cheaper than the average rent for all rentals in Billings.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.