Cheap Apartments for Rent in the Downtown Billings Neighborhood of Billings, MT from $500 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Billings area of Billings.

The Place at Rimrock

Ridgeview Apartments

3838 State Ave

216 N 33rd St

1112 Sunnyside Ln

201 S 26th St

3510 5th Ave S
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Colton Heights Apartments

614 N 30th St

2240 Monad Rd

309 S 33rd St

Highlands Apartments
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 | $988 | $795 | $1,395 |
Downtown Billings 1 Bedroom Apartments | $1,032 | $600 | $1,795 |
Downtown Billings 2 Bedroom Apartments | $1,455 | $795 | $10,000+ |
Downtown Billings 3 Bedroom Apartments | $3,039 | $1,115 | $8,729 |
Downtown Billings 4 Bedroom Apartments | $1,895 | $1,895 | $1,895 |
Browse Apartments in this Neighborhood
There are currently 36 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 1 Bed unit found at The Place at North 24th priced from $645. Ridgeview Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here are the most affordable Downtown Billings apartments for rent in Billings, MT:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Place at North 24th | Studio | 1BR,1BA | $645 |
Ridgeview Apartments | Studio | 2BR,1BA | $795 |
Midway Apartments | 1 Bed/1 Bath | 1BR,1BA | $795 |
The Place at Lake Elmo | 1 Bedroom | 1BR,1BA | $850 |
Rockvue Lofts | Small Studio | Studio,1BA | $850 |
The Place at Rimrock | 1 Bedroom | 1BR,1BA | $895 |
Basking Ridge Apartments | 1 Bed/1 Bath | 1BR,1BA | $895 |
Colton Heights Apartments | Basic | 1BR,1BA | $900 |
Highlands Apartments | 1 Bedroom 1 Bath-Highlands | 1BR,1BA | $995 |
Bench Apartments | 1 Bed/1 Bath | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Downtown Billings, MT
As of April 16, 2025 the best value apartment in the Downtown Billings area is the $1.19 price per square foot 2 Bed/1.5 Bath Model at Trilogy Townhomes in the in the East Heights neighborhood starting from $1,495. The second greatest value Downtown Billings apartment is the Classic 2 Bedroom 1 Bath Model at Lordwith Apartments starting at $1,225 with a $1.15 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. |
---|---|---|---|
Trilogy Townhomes | 2 Bed/1.5 Bath | 2BR,1.5BA | $1.19 |
Lordwith Apartments | Classic 2 Bedroom 1 Bath | 2BR,1BA | $1.15 |
Riverwalk Apartments | 2 BD/2 BA | 2BR,2BA | $1.44 |
Highlands Apartments | 1 Bedroom 1 Bath-Highlands | 1BR,1BA | $1.41 |
The Place at Rimrock | 1 Bedroom | 1BR,1BA | $1.36 |
Bench Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.84 |
Colton Heights Apartments | 2 Bedroom - Balcony | 2BR,1BA | $1.80 |
Old Town Flats | 0BR/1.0BA | Studio ,1BA | $2.12 |
The Place at Lake Elmo | 1 Bedroom Refreshed | 1BR,1BA | $2.01 |
The Place at North 24th | Studio | 1BR,1BA | $1.84 |
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
3.5Pet 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 a cheap apartment in Downtown Billings?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Billings is under $1,195.
What is the price of a cheap apartment in Downtown Billings?
The cheapest apartment in Downtown Billings is The Place at North 24th which is listed at $645, while the average apartment in Downtown Billings costs $1,895.
What types of apartments are the cheapest in Downtown 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 3 regular apartments in Downtown 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 Downtown Billings?
Cheap apartments in Downtown Billings have an average cost of $118 which is $1,777 cheaper than the average rent for all rentals in Downtown 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.

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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.

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.