Average Rent in Billings, MT (2026)
The average 1-bedroom rent in Billings, MT is $1,150/month as of 2026, based on HUD data across 7 ZIP codes. Rents have changed +5.1% year over year. Rents range from $1,060 to $1,350.
Average Rent · 1-Bedroom
$1,150/mo
Source: HUD Fair Market Rent · 7 zip codes
Year-over-Year
↑ +5.1%
Source: Apartment List, Zillow ZORI, HUD Fair Market Rent
Data through
The average 1-bedroom rent in Billings, MT is $1,150/month according to HUD FY2026 Fair Market Rent data, covering 7 ZIP codes. Rents have increased 5.1% year-over-year. The average 1-bedroom rent in Billings is 4% below the national average of $1,196/month.
Average rent in Billings, MT ranges from $1,060 to $1,350 across 7 ZIP codes.
Based on local market data, a fair rent increase in Billings, MT is approximately 5.1% for 2026. An increase above 5.1% exceeds the local market trend and may be worth negotiating.
Key Facts
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent, HUD SAFMR, Rentcast. Updated February 2026.
How much is rent in Billings, MT?
The average 1-bedroom rent in Billings, MT is $1,150/month as of 2026, based on HUD data across 7 ZIP codes. Rents range from $1,060 to $1,350 depending on neighborhood — a $290/month spread. To afford this at the 30% rule, a household would need approximately $46,000/year.
Is rent going up in Billings?
Rents in Billings have increased 5.1% year over year based on local market data. This is a notably high rate of increase, indicating strong upward rent pressure in Billings.
What is a fair rent increase in Billings?
Based on local market data, a rent increase around 5.1% is in line with the Billings market for 2026. An increase above that level exceeds the local trend and may be worth pushing back on. Check your specific increase with RenewalReply's free rent analysis tool.
Rent Trends in Billings
+5.1%
Rents in Billings are rising at +5.1% year-over-year.
⚠ Mixed signals
Market sources range from +2.5% to +18.9%
Why the range? Zillow ZORI tracks what landlords are asking for units (+4.4%), while Apartment List tracks what renters actually sign leases at (+2.5%).Landlords are asking more than renters are paying — this suggests renters may have negotiating leverage in Billings right now.
Sources: Apartment List, Zillow ZORI, HUD Fair Market Rent
What Should Rent Cost in Billings?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in Billings typically rents for $1,056 – $1,140.
Rents above $1,311 are in the top 25% for this area.
A 1-bedroom in Billings typically rents for $1,150 – $1,242.
Rents above $1,428 are in the top 25% for this area.
A 2-bedroom in Billings typically rents for $1,469 – $1,587.
Rents above $1,825 are in the top 25% for this area.
A 3-bedroom in Billings typically rents for $2,023 – $2,185.
Rents above $2,513 are in the top 25% for this area.
A 4-bedroom in Billings typically rents for $2,299 – $2,483.
Rents above $2,855 are in the top 25% for this area.
Federal Rent Benchmarks for Billings
HUD Fair Market Rents are federal rent benchmarks published annually by HUD. They provide a consistent baseline for comparing rents across areas.
Studio
$1,056
HUD Fair Market Rent
1-Bedroom
$1,150
HUD Fair Market Rent
2-Bedroom
$1,469
HUD Fair Market Rent
3-Bedroom
$2,023
HUD Fair Market Rent
4-Bedroom
$2,299
HUD Fair Market Rent
Source: HUD SAFMR FY2026 · Updated
Zip Codes in Billings
Click any zip code for detailed rent data including zip-specific SAFMR rates, nearby comparables, and a free rent increase check.
SAFMR rates are zip-specific.
How Does Billings Compare?
Questions about rent in Billings
What is the average 1-bedroom rent in Billings, MT?
The average 1-bedroom fair market rent in Billings, MT is $1,150/month as of 2026, based on HUD rent data across 7 ZIP codes in the city. This is 4% below the national average of $1,196/month. Rents range from $1,060 to $1,350 depending on ZIP code.
What is a fair rent increase in Billings?
A rent increase up to about 5.1% is broadly in line with the recent market trend in Billings. Increases above that level are above trend and should be tested against neighborhood-level pricing and comparable rentals. The current average 1-BR rent is $1,150/month.
Are rents going up or down in Billings?
Rents in Billings have increased 5.1% year over year based on local market data. This reflects local market conditions across 7 ZIP codes in the Big Horn County, MT area.
How much do rents vary across Billings?
1-bedroom rents across Billings range from $1,060 to $1,350 on this page, a $290/month spread. This shows that rent can vary materially across ZIP codes within the same city, reflecting neighborhood-level differences in housing stock and demand.
Can my landlord raise my rent in Billings?
We could not identify a city-specific rent cap for Billings. Landlords must still follow applicable state and local notice rules before raising rent at lease renewal. Requirements vary — check your state's landlord-tenant statute for specifics on notice periods and timing.
How much should I spend on rent in Billings?
The general guideline is to spend no more than 30% of your gross income on rent. With average 1-bedroom rent in Billings at $1,150/month, a household would need approximately $46,000/year in gross income to afford this comfortably. Many renters in high-cost areas spend above this threshold — our free tool can help you assess whether your specific rent is fair for your ZIP code.
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Renter Tools
Browse Billings ZIP Codes
See rent data by ZIP code in this city.
Renter Guides
- How to Negotiate a Rent Increase →
A data-driven guide with free email templates for pushing back on your landlord.
- Rent Increase Laws in Montana →
See notice rules, caps, and tenant protections in Montana.
- What Should I Pay for Rent? →
How to compare rent prices and know if you're getting a fair deal.
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →