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Don't Sign the Lease Until You Understand These Clauses
One word in your lease can cost you hundreds or save you from a nightmare. Here's how to turn legalese into clear decisions before you sign.
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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 August 2025, Billings's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Billings's average rent is 6.5% ($101) higher than the Montana average of $1,556 and 7.4% ($133) lower than the U.S. average of $1,790.
Average Rent
$1,657
Monthly ChangeMonth Over Month Change
2.3% ($38)
Yearly ChangeYear Over Year Change
21.2% ($290)
Avg. Days on MarketAverage Days on Market
31
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,388 | 6.6% ($86) | 39.4% ($392) |
| 2 Beds | $1,555 | 0.1% ($2) | 10.5% ($148) |
| 3 Beds | $2,230 | 7.9% ($163) | 28.8% ($499) |
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 $1,657 per month.
Houses in Billings typically rent for between $972 and $2,899 per month, with an average of $1,657 per month.
In Billings, the average rent for a 1-bedroom house is $1,388 per month, for a 2-bedroom house, $1,555 per month, and a 3-bedroom house is $2,230 per month.
The average rent in Billings is 7.4% ($133) lower than the national average of $1,790 per month.
The average rent in Billings has increased by 2.3% ($38) in the last month and increased by 21.2% ($290) 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 207 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 house in Billings.
