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Welcome to the Apartment List May 2026 Rent Report for Billings, MT. Currently, the overall median rent in the city stands at $1,271, roughly the same as last month. Prices and are now up 3.3% year-over-year. Read on to learn more about what’s been happening in the Billings rental market and how it compares to trends throughout the nation as a whole.
Navigate apartment hunting and city life like a local with our curated articles about Billings, Montana.










Historic character defines Downtown Billings, where renovated buildings now house unique apartments above street-level businesses. Many units feature exposed brick walls, high ceilings, and views of the Rimrocks or Yellowstone Valley. The walkable district includes breweries, restaurants, and the Alberta Bair Theater just steps from most rentals, though parking can be challenging without a dedicated space included in your lease.
Mountain views and affordability distinguish Billings' West End, where newer developments offer contemporary housing with Rimrock vistas at surprisingly accessible price points compared to similarly-positioned communities across comparable Mountain West cities. The district features larger properties with generous outdoor spaces capitalizing on Montana's natural beauty while maintaining practical positioning near major employers. West End provides Billings renters with an ideal combination of everyday conveniences through developing commercial corridors, outdoor recreation through strategic positioning near natural landscapes, and modern construction addressing Montana's extreme seasonal conditions through energy-efficient systems increasingly valuable as utility costs continue affecting overall housing affordability calculations beyond purely rental rate considerations.
Agricultural heritage meets urban convenience in Terry, where modest homes with surprising lot sizes create opportunities for gardening enthusiasts within Billings city limits. The neighborhood's established trees provide essential shade during Montana summers, while the elevated position offers dramatic rimrock views from many properties. Most rentals include multiple storage options from garages to sheds accommodating outdoor equipment essential to Montana lifestyles. Though lacking architectural distinction, the practical advantages of functional layouts and ample parking create significant quality-of-life benefits for budget-conscious renters seeking space without isolation.