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Studio Apartments for Rent in Billings, MT

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  • /55

    Starting at $1,350 Per Month

    • Studio - 3 Beds

    4427 Altay Dr, Billings, MT 59106

    Welcome to Farmstead Apartments, nestled in the picturesque city of Billings, MT! Dive into summertime fun with our cool outdoor pool or break a sweat in our high-tech fitness room. We know your furry pals are family, so we've got a dog park and pet spa just for them. Host a sizzling barbecue on the pool deck grills, and never miss a delivery with our handy package room. Zoom between

    Farmstead Apartments

    (406) 413-9893

    4427 Altay Dr, Billings, MT 59106
  • /55

    Starting at $1,419

    Total Monthly Price

    • Studio - 3 Beds

    3040 Central Ave, Billings, MT 59102

    Hunter's Pointe is conveniently located in Billings; the largest, most magical city in Montana. Our setting along the Rimrocks and Yellowstone River creates spectacular views to help you relax as you return home. Enjoy nearby shopping centers, outdoor recreation areas, and great locality to the many attractions our area has to offer. With easy access to the bustling downtown area, local

    Hunter's Pointe

    (406) 412-4410

    3040 Central Ave, Billings, MT 59102
  • /35

    Starting at $1,907 Per Month

    • Studio - 2 Beds

    4215 Montana Sapphire Dr, Billings, MT 59106

    Welcome to Affinity at Billings, where life for the 55+ crowd is anything but ordinary! Here, we redefine what it means to live actively and passionately. Our community buzzes with vibrant energy, offering a family-like atmosphere where you and your furry friends feel right at home. Enjoy and play in over 30,000 square feet of social and activity space, including weekly happy hour at our very own

    Affinity at Billings 55+

    (406) 500-5275

    4215 Montana Sapphire Dr, Billings, MT 59106
  • /24

    $2,347 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Billings - West End

    4950 Southgate Dr, Billings, MT 59101

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Billings - West End

    (406) 295-6549

    4950 Southgate Dr, Billings, MT 59101
  • /11

    $1,050 Per Month

    • Studio
    • 1 Bath
    • 425 Sq Ft
    • House for Rent

    922 1/2 Terry Ave, Billings, MT 59101

    Property Id: 1425780Experience private, "tiny home" living in this unique standalone studio house located in the quiet Broadwater neighborhood. Unlike a typical apartment, this unit has no shared walls and its own dedicated alley entrance with one designated parking spot. Extra space available on the street. The floors, refrigerator, microwave, water heater are new along with updated

    (406) 500-4904

    922 1/2 Terry Ave, Billings, MT 59101
  • /26

    $1,295 Per Month

    • Studio
    • 1 Bath
    • 614 Sq Ft
    • Condo for Rent

    2310 First Ave N Unit 206, Billings, MT 59101

    Experience modern downtown living in this luxury studio suite located in the heart of downtown Billings! This thoughtfully designed unit features oversized windows with breathtaking views of the Rimrocks, tall ceilings, and luxury vinyl plank flooring throughout.The gourmet kitchen offers sleek modern appliances, including a dishwasher and microwave, and flows seamlessly into the open

    2310 First Ave N Unit 206, Billings, MT 59101

Why Live in Billings

Billings residents enjoy exploring ancient Native American rock art at Pictograph Cave State Park and hiking along the dramatic sandstone Rimrocks that frame the city skyline. The Yellowstone Art Museum showcases regional artwork with free admission, while the Alberta Bair Theater hosts Broadway shows and concerts downtown. Local dining highlights include the World Food Championship-winning Burger Dive and upscale establishments like TEN at The Northern Hotel, which specializes in steak and elk dishes. The city's location provides easy access to outdoor recreation at the Beartooth Mountains and Yellowstone National Park, which sits three hours away.

The Billings real estate market encompasses diverse price points across its neighborhoods. The median single-family home price reaches $440,000 in North Central Billings, while West Shiloh commands $539,900. More affordable options exist in Shiloh at $195,000 and Lockwood at $82,500. One-bedroom condos have a median price of $535,000, while two-bedroom units average $235,000. The overall median home sale price in Billings is $369,500.

Living costs run slightly below the national average at 1.5% less. A family with school-age children needs approximately $104,000 annually to live comfortably, while renters should aim for $54,000. Property taxes remain reasonable at 0.84%, and Montana has no sales tax. The public school system includes highly rated Elysian Elementary School, while private options like Trinity Lutheran School and Billings Central Catholic High School maintain A minus ratings. Montana State University Billings provides higher education opportunities. MET Transit operates bus routes Monday through Saturday, though service remains limited compared to larger cities.

Frequently Asked Questions

How much does it cost to rent a home in Billings, MT?
The median rent for a home in Billings, MT is $1,645 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Billings, MT?
To comfortably afford the median rent in Billings, MT, a household needs to earn roughly $65,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,645 per month in Billings, MT, renters typically need to show $4,935 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Billings, MT?
In Billings, MT, the price-to-rent ratio is 19.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Billings, MT

Rental Home Trends

Number of Homes for Rent
6
Median Rent
$1,645
Median Single Family Home Rent
$1,785
Median Townhouse Rent
$1,822
Median Condo Rent
$1,429
How to Rent a Home