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 May 2026, Billings's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Billings's average rent is 3.4% ($55) lower than the Montana average of $1,636 and 11.6% ($208) lower than the U.S. average of $1,789.

Average Rent
$1,581
Monthly ChangeMonth Over Month Change
Decreased1.4% ($22)
Yearly ChangeYear Over Year Change
Increased1.4% ($22)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,249 Decreased7% ($94) Decreased10.1% ($141)
2 Beds $1,503 Decreased3.3% ($52) Decreased7.5% ($121)
3 Beds $2,060 Decreased9.1% ($206) Increased11% ($204)
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 $1,581 per month.
Homes in Billings typically rent for between $874 and $2,678 per month, with an average of $1,581 per month.
In Billings, the average rent for a 1-bedroom home is $1,249 per month, for a 2-bedroom home, $1,503 per month, and a 3-bedroom home is $2,060 per month.
The average rent in Billings is 11.6% ($208) lower than the national average of $1,789 per month.
The average rent in Billings has decreased by 1.4% ($22) in the last month and increased by 1.4% ($22) 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 150 rental properties available in Billings, MT.
Based on the current averages, a household would need an annual income of $60,120 to comfortably afford a 2-bedroom home in Billings.
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