Billings, MT Rental Market Trends
Last updated: June 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Billings is $1,513, a 6.07% increase compared to the previous year, when the average rent was $1,427.
One-bedroom apartments provide 733 square feet for $1,369, balancing privacy and affordability.
Two-beedroom units at $1,572 offer 983 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,314 sq ft) for $1,945, suitable for larger households.
Average rent in Billings, MT
Last updated: June 02, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,513 | 902 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,369 | 733 sq. ft. |
| 2 Beds | $1,572 | 983 sq. ft. |
| 3 Beds | $1,945 | 1,314 sq. ft. |
Billings, MT rent trends
Rental prices in Billings, MT have increased by 6.07% over the past year. The average rent moved from $1,427 to $1,513.
What's the typical rent budget in Billings, MT?
The largest share of rentals in Billings, MT (49%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Billings, MT?
17,727 or 35% of the households in Billings, MT are renter-occupied while 32,613 or 65% are owner-occupied.
Most affordable neighborhoods in Billings?
North Park $1,112/month
Blue Creek - Duck Creek $1,321/month
East Central Billings $1,453/month
All of these neighborhoods fall below the city wide average of $1,513/month.Most expensive neighborhoods in Billings?
West Billings $1,551/month
North Central Billings $1,593/month
Northwest Shiloh $1,704/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Billings, MT By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Northwest Shiloh | $1,704 |
| North Central Billings | $1,593 |
| West Billings | $1,551 |
| Billings Heights | $1,468 |
| East Central Billings | $1,453 |
| Blue Creek - Duck Creek | $1,321 |
| North Park | $1,112 |
/
Billings | Rent Comparison by Neighborhood
Rent in Billings Heights is 11% higher than in Blue Creek - Duck Creek
$1,468
Billings Heights rent is 3% lower than Billings average
Average Rent
$1,468
$1,321
Blue Creek - Duck Creek rent is 13% lower than Billings average
Average Rent
$1,321
How Billings Compares to Other Cities
| City | Average Rent |
|---|---|
| Billings | $1,513 |
| Missoula | $1,687 |
| Bozeman | $2,129 |
| Great Falls | $1,641 |
| Kalispell | $1,552 |
| Helena | $1,679 |
| Whitefish | $1,750 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Billings apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.