Cheap Homes for Rent in Downtown Billings Neighborhood of Billings, MT from $500 (21 Rentals)

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

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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

Best Value Apartments for Rent in Downtown Billings, MT

As of April 13, 2025 the best value apartment in the Downtown Billings area is the $1.29 price per square foot C1 Model at Rimrock West Apartments in the in the North Central Billings neighborhood starting from $1,700. 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.
Rimrock West ApartmentsC13BR,2BA$1.29
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
Samuel Court1BR/1BA1BR,1BA$1.85
Rockvue LoftsSmall StudioStudio ,1BA$1.84
The Place at North 24thStudio1BR,1BA$1.84

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Frequently Asked Questions about Downtown Billings

What type of rentals are currently available in Downtown Billings?

There are currently 131 Apartments for Rent in Downtown Billings, MT with pricing that ranges from $600 to $13,459. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Billings ranging from $595 to $2,900.

What is the current price range for Rental Homes in Downtown Billings?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Billings ranges from $595 to $2,900 with an average monthly rent of $1,637.

How much are larger Three and Four Bedroom Rentals in Downtown Billings?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Billings range from $1,115 to $8,736, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,025 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,895.

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.

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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.