Cheap Apartments for Rent in the Downtown Billings Neighborhood of Billings, MT from $500 (36 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Downtown Billings area of Billings.

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.

close
View Me
220 N 24th St
1 to 2 Bedroom Apartments

220 N 24th St

220 N 24th StBillings, MT 59101
  • Utilities Included
close
View Me
3300 3rd Ave N
1 Bedroom Apartments

3300 3rd Ave N

3300 3rd Ave NBillings, MT 59101
  • Utilities Included
close
View Me
Acme Hotel Apartments
Studio to 2 Bedroom Apartments

Acme Hotel Apartments

107 N 28th StBillings, MT 59101
  • Utilities Included
close
View Me
524 N 23rd St
Studio Apartments

524 N 23rd St

524 N 23rd StBillings, MT 59101
  • Utilities Included
close
View Me
1117 17th St W
2 Bedroom Apartments

1117 17th St W

1117 17th St WBillings, MT 59102
  • Utilities Included
close
View Me
Sage Tower Apartments
Studio to 1 Bedroom Apartments

Sage Tower Apartments

115 N 24th StBillings, MT 59101
Senior Living
  • Utilities Included
close
View Me
307 S 28th St
Studio Apartments

307 S 28th St

307 S 28th StBillings, MT 59101
  • Utilities Included
close
View Me
Okerman Apartments
1 Bedroom Apartments

Okerman Apartments

23-27 Yellowstone AveBillings, MT 59101
  • Utilities Included
close
View Me
4 Lewis Ave
Studio Apartments

4 Lewis Ave

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

838 Avenue B

838 Avenue BBillings, MT 59102
  • Utilities Included
close
View Me
435 Lordwith Dr
1 Bedroom Apartments

435 Lordwith Dr

435 Lordwith DrBillings, MT 59102
  • Utilities Included
close
View Me
Midway Apartments
1 Bedroom Apartments

Midway Apartments

2020 Alderson AveBillings, MT 59102
close
View Me
1521 10th St W
2 Bedroom Apartments

1521 10th St W

1521 10th St WBillings, MT 59102
  • Utilities Included
close
View Me
1905 Burnstead Dr
2 Bedroom Apartments

1905 Burnstead Dr

1905 Burnstead DrBillings, MT 59101
  • Utilities Included
close
View Me
3 7th St. West
2 Bedroom Apartments

3 7th St. West

3 7th St WBillings, MT 59101
close
View Me
1201 Yellowstone Ave
2 Bedroom Apartments

1201 Yellowstone Ave

1201 Yellowstone AveBillings, MT 59102
  • Utilities Included
close
View Me
Sandstone Place
2 Bedroom Apartments

Sandstone Place

540-550 S 28th StBillings, MT 59101
  • Utilities Included
close
View Me
1433 Wyoming Ave
2 Bedroom Apartments

1433 Wyoming Ave

1433 Wyoming AveBillings, MT 59102
  • Utilities Included

Downtown Billings, Billings, MT Local Guide

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 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
Highlands Apartments1 Bedroom 1 Bath-Highlands1BR,1BA$995
Bench Apartments1 Bed/1 Bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Trilogy Townhomes2 Bed/1.5 Bath2BR,1.5BA$1.19
Lordwith ApartmentsClassic 2 Bedroom 1 Bath2BR,1BA$1.15
Riverwalk Apartments2 BD/2 BA2BR,2BA$1.44
Highlands Apartments1 Bedroom 1 Bath-Highlands1BR,1BA$1.41
The Place at Rimrock1 Bedroom1BR,1BA$1.36
Bench Apartments1 Bed/1 Bath1BR,1BA$1.84
Colton Heights Apartments2 Bedroom - Balcony2BR,1BA$1.80
Old Town Flats0BR/1.0BAStudio ,1BA$2.12
The Place at Lake Elmo1 Bedroom Refreshed1BR,1BA$2.01
The Place at North 24thStudio1BR,1BA$1.84

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Billings, Billings, MT

Ranked #4

Among neighborhoods in Billings, MT for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.