Zimmerman Luxury Apartments
1965 Home Valley Dr,
Billings, MT 59102
1-2 Beds | $1,775 - $1,895
Rental Market Trends in Billings, MT
What is the average rent in Billings, MT?
$1,236/month
Average Rent
572 Sq Ft
Average Apartment Size
+1.7%
Increase in the Last Year
As of March 2025, the average rent in Billings, MT is $1,236 per month. This is 21% lower than the national average rent of $1,559/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 $1,055 per month for a studio, $1,236 for a one-bedroom apartment, and around $1,479 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,900 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 1.7%, which averages out to $22 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 March 2025
Legend
2024
2025
Rent Ranges in Billings, MT
Last Updated March 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
11%
Below $700/month
27%
$700 - $1,000/month
39%
$1,001 - $1,500/month
20%
$1,501 - $2,000/month
3%
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 $1,236, you’ll want to make about $4,120 per month or $49,440 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 $1,055 - $1,900. 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
$1,017/month
$1,121/month
One Bedroom
$1,094/month
$1,260/month
Two Bedroom
$1,306/month
$1,520/month
Three Bedroom
$1,628/month
$1,922/month
Apartment communities in Billings we think you'll love
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Collective
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15
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Fortified Property Solutions
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10
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Roundhouse
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31
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6,205
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15
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Peak Capital Partners
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65
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11,415
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53
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1 Community in Billings
Inland Group
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36
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Wasatch Group
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43
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.