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Studio Apartment for Rent in Laurel, MT

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    $1,250 Per Month

    • Studio
    • 1 Bath
    • House for Rent

    613 E Main St, Laurel, MT 59044

    613 E Main St, Laurel, MT 59044

Why Live in Laurel

Laurel, MT, is a growing residential city situated north of the Yellowstone River, approximately 20 miles from Billings. Known for its small-town feel, Laurel features a single high school, fostering a close-knit community. The city has a rich history, transitioning from a wheat farming community in the 1880s to a significant railroad terminal in the 1910s, and later adding an oil refinery in the late 1920s. Housing options in Laurel include century-old Minimal Traditional homes, ranch-style properties, and various multistory single-family houses, some of which are horse-friendly and span over 20 acres. Main Street, part of the Laurel Downtown Historic District, hosts local businesses like Blessed Beginnings antique store and The Yogurt Shop, while the Pelican Cafe and High Plains Brewing offer dining and entertainment options. National chains such as Albertsons, Tractor Supply Company, and Walmart Supercenter are also present. Outdoor attractions include the Sundance Lodge Recreation Area on the Yellowstone River, which offers equestrian paths, hunting areas, and inner tube floats. Kiwanis Park, Nutting Park, and Thompson Park provide open spaces, playgrounds, and baseball fields, with Thompson Park featuring a splash park and hosting annual Independence Day fireworks. The Laurel Golf Club is an 18-hole course requiring membership. Laurel Public Schools serve the community, with Laurel High School maintaining a high rating. Interstate 90 connects Laurel to Billings and other destinations, including the Billings-Logan International Airport, Red Lodge, and Yellowstone National Park.

Frequently Asked Questions

How much does it cost to rent a home in Laurel, MT?
The median rent for a home in Laurel, MT is $1,395 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 Laurel, MT?
To comfortably afford the median rent in Laurel, MT, a household needs to earn roughly $55,800 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 $1,395 per month in Laurel, MT, renters typically need to show $4,185 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 Laurel, MT?
In Laurel, MT, the price-to-rent ratio is 15.7, 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 Laurel, MT

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,395
Median Single Family Home Rent
$1,473
Median Townhouse Rent
$1,550
Median Condo Rent
$995
How to Rent a Home