Low Income Apartments and Affordable Housing For Rent in Billings, MT

Discover affordable housing in Billings where there are 33+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Acme Hotel Apartments

107 N 28th St, Billings, Montana 59101

Fraser Towers

715 S 28th St, Billings, Montana 59101

Brush Meadows

1203 Lake Elmo Dr, Billings, Montana 59105

South Forty Apartments

769 Fallow Ln, Billings, Montana 59102

Southern Lights

815 S 28th St, Billings, Montana 59101

Sage Tower Apartments

115 N 24th St, Billings, Montana 59101

Ponderosa Acres

1301 Industrial Avenue, Billings, Montana 59101

Prairie Towers Apartments

725 N 25th St, Billings, Montana 59101

Big Sky Apartments

720 N 18th St, Billings, Montana 59101

Starner Gardens

311 Starner Ln., Billings, Montana 59105

Whitetail Run Apartments

335 Sioux Ln, Billings, Montana 59105

Red Fox Apartments

332-346 Sioux Lane, Billings, Montana 59105

Edgewood Apartments

1225 Lake Elmo Dr, Billings, Montana 59105

Aspen Grove

248 Wicks Ln, Billings, Montana 59105

Pleasant View

825 Avenue D, Billings, Montana 59102

Magic City Terrace

1433 Main St , Billings, Montana 59105

Western View Apartments

2601 Phyllis Ln, Billings, Montana 59102

Spring Garden Apartments

3222 Henesta Dr, Billings, Montana 59102

Rose Park Plaza

2325 Avenue C, Billings, Montana 59102

Chapel Court

3940 Rimrock Road, Billings, Montana 59102

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Billings, Montana
$17.74 (+444%) more than Montana minimum wage and $14.49 (+200%) more than the Federal minimum wage.
Learn More About Billings, Montana Affordable Housing ↓

What HUD offices serve Billings, Montana?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Billings, Montana.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Billings, Montana.

Go to the Montana Public Housing and Low-Income Apartments Waiting Lists page for openings near Billings.

How many renters live in Billings, Montana?

The City of Billings has 119,969 people living in 51,174 households.

There are 32,711 renters living in 17,699 renter households in this City. Renters make up 27.27 percent of the population living in Billings.

What is the rental market like in Billings, Montana?

There are an estimated 52,709 housing units in the Billings area. Of these, 18,598 units are rental homes, making up 35 percent of the housing market. For every renter household in Billings, Montana, there are 1 rental units.

What is the vacancy rate for rentals in Billings?

The rental vacancy rate in Billings is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Billings for each bedroom size?

Occupied Rental Units by Size in Billings
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
817 4,712 7,328 3,013 1,044
Occupied Rental Units by Size in Billings

A large number of apartments in Billings have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Billings are overburdened by housing costs?

Among renter households in this market, 40 percent have housing cost burden. Further, 20 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Billings

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $837 to $1,778. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $837
One BR $874
Two BR $1,148
Three BR $1,583
Four BR $1,778
2024 Fair Market Rents in Billings, Montana

How many units are rented at Fair Market Rent (FMR) in Billings?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 383 47 percent
One BR 2,368 50 percent
Two BR 4,080 56 percent
Rental Units Below FMR in Billings, Montana

How many affordable rental units are in Billings?

There are a variety of federal affordable housing programs serving households in Billings, Montana including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 867
Public Housing 216
Section 8 Project-Based Rental Assistance 823
Mod Rehab Project-Based Rental Assistance 11
Section 202 Supportive Housing for the Elderly 158
Section 811 Supportive Housing for Persons with Disabilities 24
Tracked Units by Federal Program in Billings, Montana

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Billings, Montana

Billings features 2,220 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Billings, Montana

There are 516 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Billings.

Housing Choice Vouchers in Billings, Montana

On average, Section 8 Housing Choice vouchers pay Billings landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Billings.

The maximum amount a voucher would pay on behalf of a low-income tenant in Billings, Montana for a two-bedroom apartment is between $1,033 and $1,263.

Sourced from federal housing data and AffordableHousingOnline.com research.