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?
$1,222/month
Average Rent
572 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of December 2024, the average rent in Billings, MT is $1,222 per month. This is 22% lower than the national average rent of $1,560/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 $1,061 per month for a studio, $1,222 for a one-bedroom apartment, and around $1,469 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,776 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 0.9%, which averages out to $12 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 December 2024
Legend
2023
2024
Rent Ranges in Billings, MT
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
12%
Below $700/month
29%
$700 - $1,000/month
37%
$1,001 - $1,500/month
20%
$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, Billings and Downtown 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, Downtown Billings and 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 $1,222, you’ll want to make about $4,073 per month or $48,876 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.
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
$1,110/month
$1,023/month
One Bedroom
$1,246/month
$1,059/month
Two Bedroom
$1,519/month
$1,268/month
Three Bedroom
$1,820/month
$1,596/month
Apartment communities in Billings we think you'll love
Property Management Companies in Billings, MT
Centerspace
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60
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11,307
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30
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5 Communities in Billings
WestCorp Management Group
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34
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10,476
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6
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4 Communities in Billings
Collective
-
15
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1,682
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7
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Fortified Property Solutions
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10
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1,043
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6
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Roundhouse
-
29
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5,569
Units
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14
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2 Communities in Billings
Peak Capital Partners
-
70
Communities
-
12,729
Units
-
56
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1 Community in Billings
Inland Group
-
32
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-
5,194
Units
-
30
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1 Community in Billings
11 Capital LLC
-
43
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3,944
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29
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1 Community in Billings
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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.