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Homes & Apartments for Rent in Billings, MT

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What to Know About

Living in Billings, MT

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 October 2026, Billings's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Billings's average rent is 0.7% ($12) lower than the Montana average of $1,643 and 10.3% ($188) lower than the U.S. average of $1,819.

Average Rent
$1,631
Monthly ChangeMonth Over Month Change
Decreased0.6% ($10)
Yearly ChangeYear Over Year Change
Decreased1.4% ($23)
Avg. Days on MarketAverage Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,310 Decreased9.8% ($142) Decreased3.3% ($45)
2 Beds $1,539 Decreased4.1% ($65) Decreased7% ($115)
3 Beds $2,042 Increased1.1% ($22) Decreased10.5% ($240)
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Billings Rental Market FAQs

Explore rental prices, market conditions, and affordability in Billings, MT.

The average rent in Billings, MT is $1,631 per month.
In Billings, the average rent for a 1-bedroom home is $1,310 per month, for a 2-bedroom home, $1,539 per month, and a 3-bedroom home is $2,042 per month.
The average rent in Billings is 10.3% ($188) lower than the national average of $1,819 per month.
The rental market in Billings, MT, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
Based on the current averages, a household would need an annual income of $61,560 to comfortably afford a 2-bedroom home in Billings.
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