Homes & Apartments for Rent in 59101

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What to Know About

Living in 59101

Billings is an enchanting city famous for its beautiful scenery, western tradition, and ample opportunities for outdoor activities. The city has various cultural landmarks, including the Yellowstone Art Museum, the Western Heritage Center, and the Moss Mansion Historic House Museum. Billings is the location of Montana State University Billings, providing exceptional academic prospects. Billings has a strong and growing economy with various healthcare, energy, and agriculture industries, providing ample employment opportunities for residents.

Nature enthusiasts can explore Billings' many parks and nature preserves, including Pictograph Cave State Park, ZooMontana, and Riverfront Park. In addition, Billings is the gateway to Yellowstone National Park, one of the country's most popular tourist attractions and destinations. The city's dining scene offers local and international cuisine, featuring steak, bison burgers, and craft beer. In addition, billings stages several events every year, such as the MontanaFair, the Magic City Blues Festival, and the Montana Folk Festival.

Billings is a great place to live for anyone looking for a beautiful natural setting, plenty of outdoor recreational activities, excellent education opportunities, high-quality healthcare, a strong economy, and a friendly and welcoming community.

Rental Market Trends

Billings, MT

As of April 2026, Billings's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Billings's average rent is 4.2% ($71) lower than the Montana average of $1,674 and 10.3% ($185) lower than the U.S. average of $1,788.

Average Rent
$1,603
Monthly ChangeMonth Over Month Change
Increased0.5% ($8)
Yearly ChangeYear Over Year Change
Decreased0.4% ($6)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,343 Increased0.8% ($11) Decreased8.1% ($119)
2 Beds $1,555 Decreased0.5% ($8) Decreased5.8% ($95)
3 Beds $2,266 Increased2.5% ($56) Increased13.7% ($273)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Billings Rental Market FAQs

Explore rental prices, market trends, and availability in Billings, MT.

The average rent in Billings, MT is $1,603 per month.
Homes in Billings typically rent for between $940 and $2,946 per month, with an average of $1,603 per month.
In Billings, the average rent for a 1-bedroom home is $1,343 per month, for a 2-bedroom home, $1,555 per month, and a 3-bedroom home is $2,266 per month.
The average rent in Billings is 10.3% ($185) lower than the national average of $1,788 per month.
The average rent in Billings has increased by 0.5% ($8) in the last month and decreased by 0.4% ($6) over the past year.
The rental market in Billings, MT, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Billings, MT, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 164 rental properties available in Billings, MT.
Based on the current averages, a household would need an annual income of $62,200 to comfortably afford a 2-bedroom home in Billings.
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