Cheap Homes for Rent in Billings, MT from $500 (40 Rentals)

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Billings, MT Local Guide

Cheapest Neighborhoods for Apartments in Billings, MT

Pricing Updated: 04/15/2025

Current apartment rentals in the Billings, MT area range in price from $600 to $13,459 with an overall median price of $1,771. The three Billings neighborhoods with the lowest median rent pricing are South Side Billings at $600, East Heights at $600, and North Side Billings 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$60048
East Heights$1,375$60026
North Side Billings$1,375$60041
Downtown Billings$1,895$60070
East Central Billings$1,895$60089
North Central Billings$2,250$79590
West Central Billings$2,250$1,04963

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 15, 2025 the best value apartment in the 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 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$1.29
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$1.41
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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Frequently Asked Questions about Billings

What type of rentals are currently available in Billings?

There are currently 205 Apartments for Rent in Billings, MT with pricing that ranges from $600 to $13,459. There are also 105 Single Family Homes for rent, Condos, and Townhome rentals currently available in Billings ranging from $595 to $2,965.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Billings ranges from $595 to $2,965 with an average monthly rent of $1,712.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Billings range from $1,115 to $8,731, 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.

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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.