Zimmerman Luxury Apartments
1965 Home Valley Dr,
Billings, MT 59102
1-2 Beds | $1,495 - $1,850
Rental Market Trends in Billings, MT
What is the average rent in Billings, MT?
$1,218/month
Average Rent
572 Sq Ft
Average Apartment Size
+0.1%
Increase in the Last Year
As of February 2025, the average rent in Billings, MT is $1,218 per month. This is 22% lower than the national average rent of $1,556/month, making renting in Billings more affordable than most cities in the US. When you rent an apartment in Billings, you can expect to pay about $1,068 per month for a studio, $1,218 for a one-bedroom apartment, and around $1,453 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,976 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Billings, MT?
In the past year, rent has increased by 0.1%, which averages out to $2 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2025
Legend
2024
2025
Rent Ranges in Billings, MT
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
11%
Below $700/month
28%
$700 - $1,000/month
42%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Billings?
Based on current rent prices, Downtown Billings and Billings" are the most affordable neighborhoods in Billings.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Billings?
Based on current rent prices, Billings and Downtown Billings" are the most expensive neighborhoods in Billings.
Neighborhood
Average Rent
Average Sq Ft
Which Billings neighborhoods have the most rentals available?
The neighborhoods in Billings with the most apartments available are Billings and Downtown Billings" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Billings, MT?
Because the average rent in Billings is $1,218, you’ll want to make about $4,060 per month or $48,720 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Billings, MT is 2.0% higher than the national average. Generally, housing in Billings is 3.1% less expensive than the national average, with rent falling between $1,068 - $1,976. You can expect to pay 2.0% more for groceries, 12.1% less for utilities, and 23.3% more for transportation.
How does Billings, MT compare to other nearby cities and neighborhoods?
Use the tool below to compare Billings, MT to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,049/month
$1,112/month
One Bedroom
$1,089/month
$1,245/month
Two Bedroom
$1,250/month
$1,501/month
Three Bedroom
$1,628/month
$2,017/month
Apartment communities in Billings we think you'll love
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59
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30
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WestCorp Management Group
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36
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Collective
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15
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1,682
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Fortified Property Solutions
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10
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Roundhouse
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29
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5,665
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14
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2 Communities in Billings
Peak Capital Partners
-
66
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11,745
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53
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1 Community in Billings
Inland Group
-
36
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5,940
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33
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1 Community in Billings
Wasatch Group
-
44
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.