Billings, MT Rental Market Trends

What is the average rent in Billings?

The average rent for an apartment in Billings is $1,348. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Billings, MT

Last updated January 2023

Average Rent	Average Apartment Size
$1,348	881 sq. ft.

What is the average apartment size in Billings?

The average size for a Billings, MT apartment is 881 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Billings, MT apartment rent ranges

Billings, MT Occupied Housing Units

17,484 or 37% of the households in Billings, MT are renter-occupied while 30,000 or 63% are owner-occupied.

Billings, MT rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Billings, MT By Neighborhood

Neighborhood	Average Rent
Centennial Park	$1,494
North Central Billings	$1,494
Northwest Shiloh	$1,410
West Billings	$1,410
Central - Terry	$1,375
East Central Billings	$1,375
Highland	$1,375
Billings Heights	$1,350
Northeast Billings	$1,350
Rimrock	$1,307
80th Street Estates - West Meadows	$1,301
Baseline	$1,301
Brey	$1,301
Cowboy Country Acres - Linlee Lake Estates	$1,301
Hesper	$1,301
Legends West	$1,301
Tanglewood Lake Estates	$1,301
Conrad Park	$1,221
Blue Creek - Duck Creek	$1,060
Briarwood Country Club	$1,060
Downtown Billings	$1,060
Emerald Hills	$1,060
Greater Billings	$1,060
Kings Green	$1,060
North Elevation	$1,060
North Park	$1,060
South Side Billings	$1,060
Southwest Corridor	$1,060

What are the most affordable neighborhoods in Billings?

The most affordable neighborhoods in Billings are Blue Creek - Duck Creek, where the average rent goes for $1,060/month, Briarwood Country Club, where renters pay $1,060/mo on average, and Downtown Billings, where the average rent goes for $1,060/mo. If you’re looking for other great deals, check out the listings from Emerald Hills ($1,060), Greater Billings ($1,060), and Kings Green ($1,060), where the asking prices are below the average Billings rent of $1,348/mo.

What are the most expensive neighborhoods in Billings?

The most expensive neighborhoods in Billings are West Billings ($1,410), Centennial Park ($1,494) and North Central Billings ($1,494).

What are the most popular neighborhoods in Billings?

The most popular neighborhood in Billings is East Central Billings, where there are 3 listings with an average rent of $1,375. Next up is North Central Billings, where apartments go for $1,494/month, followed by West Billings with $1,410 If you’re looking to rent in Billings’s most popular neighborhoods, make sure to also check out Billings Heights, where renters pay $1,350 on average, and Downtown Billings, where the average monthly rent is $1,060.