Rent in Billings, MT
Across Billings's 9 ZIP codes, a 2-bedroom typically rents for about $1,432 a month, with figures from $999–$1,549. The highest typical rent is in 59106 ($1,549) and the lowest in 59101 ($999). 4 ZIPs have ZIP-level figures from HUD or Census; the other 5 use the county Fair Market Rent. Owner-occupied homes in Yellowstone County pay about 0.81% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,003 | $718–$3,500+ | 9 |
| 1 bed | $1,132 | $784–$1,615 | 9 |
| 2 beds | $1,432 | $999–$1,549 | 9 |
| 3 beds | $1,983 | $1,266–$1,983 | 9 |
| 4 beds | $2,261 | $1,449–$2,261 | 9 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Billings ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Billings, MT?
- About $1,432 a month: the median of the typical rents in 9 ZIP codes, which range from $999–$1,549. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Billings, MT?
- About $1,132 a month: the median of the typical rents in 9 ZIP codes, which range from $784–$1,615. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Billings, MT?
- About $1,983 a month: the median of the typical rents in 9 ZIP codes, which range from $1,266–$1,983. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Billings, MT?
- About $1,003 a month: the median of the typical rents in 9 ZIP codes, which range from $718–$3,500+. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Billings, MT?
- About $2,261 a month: the median of the typical rents in 9 ZIP codes, which range from $1,449–$2,261. Figures are gross rent (rent plus tenant-paid utilities).
- Which Billings ZIP code has the highest rent?
- For a 2-bedroom, 59106 has the highest typical rent at $1,549 a month, and 59101 the lowest at $999.
- What is the property tax rate in Billings, MT?
- Owner-occupied homes in Yellowstone County pay a typical 0.81% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Billings rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).