Cheap Apartments for Rent in the Downtown Billings Neighborhood of Billings, MT from $500 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Billings area of Billings.

The Place at Rimrock

744 Cook

3838 State Ave

3404 2nd Ave N

Ridgeview Apartments

725 1/2-641 1/2 Broadwater Ave

1043 N 31st St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

201 S 26th St
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Downtown Billings, Billings, MT Local Guide

How much does it cost to rent an apartment in Downtown Billings?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Billings Studio Apartments | $895 | $695 | $1,395 |
Downtown Billings 1 Bedroom Apartments | $1,124 | $600 | $4,907 |
Downtown Billings 2 Bedroom Apartments | $1,550 | $795 | $10,000+ |
Downtown Billings 3 Bedroom Apartments | $3,099 | $1,325 | $8,989 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 2 mile radius of the Downtown Billings Neighborhood of Billings, MT.
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Downtown Billings, Billings, MT Local Guide
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Cheapest Available Downtown Billings Apartments for Rent
 The cheapest available apartment rental in the Downtown Billings area of Billings, MT is a 2 Beds unit found at Ridgeview Apartments priced from $795. The Place at North 24th has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Downtown Billings apartments for rent in Billings, MT:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Ridgeview Apartments | Studio | 2BR,1BA | $795 |
The Place at North 24th | 1 Bedroom | 1BR,1BA | $800 |
Rockvue Lofts | Small Studio | Studio,1BA | $850 |
The Place at Rimrock | 1 Bedroom | 1BR,1BA | $895 |
The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $925 |
Highlands Apartments | 1 Bedroom 1 Bath-Highlands | 1BR,1BA | $1,070 |
Colton Heights Apartments | 2 Bedroom - Small | 2BR,1BA | $1,100 |
Bench Apartments | 1 Bed/1 Bath | 1BR,1BA | $1,195 |
Riverwalk Apartments | 2 BD/2 BA | 2BR,2BA | $1,295 |
Best Value Apartments for Rent in Downtown Billings, MT
As of May 14, 2025 the best value apartment in the Downtown Billings area is the $1.71 price per square foot Yellowstone Model at Avenue C Apartments in the in the North Central Billings neighborhood starting from $2,465. The second greatest value Downtown Billings apartment is the 1118 Sunnyside Ln Model at 1118 Sunnyside Ln, Unit 1118 starting at $1,350 with a $1.00 price per square foot in the North Side Billings neighborhood. Here is today’s list of the best values for Downtown Billings apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Avenue C Apartments | Yellowstone | 3BR,2BA | $1.71 |
1118 Sunnyside Ln, Unit 1118 | 1118 Sunnyside Ln | 3BR,2BA | $1.00 |
Trilogy Townhomes | 2 Bed/1.5 Bath | 2BR,1.5BA | $1.19 |
Rocky Meadows Apartments | B1 | 2BR,2BA | $1.36 |
Riverwalk Apartments | 2 BD/2 BA | 2BR,2BA | $1.44 |
The Place at Rimrock | 1 Bedroom | 1BR,1BA | $1.36 |
Bench Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.84 |
Highlands Apartments | 1 Bedroom 1 Bath-Madison | 1BR,1BA | $1.66 |
Colton Heights Apartments | 2 Bedroom - Balcony | 2BR,1BA | $1.80 |
The Place at North 24th | 1 Bedroom | 1BR,1BA | $1.54 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Billings, Billings, MT
Ranked #4
Among neighborhoods in Billings, MT for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Downtown Billings, Billings, MT
School data provided by Great Schools
Getting Around the Downtown Billings Neighborhood in Billings, MT
Walk Score®
73 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
61 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Billings Apartments
What is the Cheapest Studio apartment in Downtown Billings?
Currently the most affordable Cheap Studio Apartment in Downtown Billings is at Ridgeview Apartments listed at $795.
How much is rent for a Cheap One Bedroom Downtown Billings Apartment?
The lowest price for a Cheap One Bedroom Downtown Billings Apartment is $800 at The Place at North 24th.
What is the lowest price for a Cheap Two Bedroom Downtown Billings Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Billings is starting from $795 at Ridgeview Apartments.
What is the most affordable Downtown Billings Three Bedroom Apartment?
The best deal on a cheap Downtown Billings Three Bedroom Apartment rental is at The Place at Rimrock and starts from $1,325.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.