Average Rent in Billings, MT (2026)
Typical asking rent in Billings is $1,386. Across the 4 ZIP codes with data it runs from $1,244 to $1,842, so which side of town you buy on matters as much as the city average. Data as of June 2026.
Rent by ZIP code in Billings
| ZIP code | County | Typical rent | vs city median |
|---|---|---|---|
| 59106 | Yellowstone County | $1,842 | +33% |
| 59102 | Yellowstone County | $1,445 | +4% |
| 59105 | Yellowstone County | $1,326 | -4% |
| 59101 | Yellowstone County | $1,244 | -10% |
How to use these numbers
These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.
If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Billings sits in the Billings, MT metro area.
Other Montana cities
Would a rental in Billings cash flow?
Start the analyzer with the Billings median rent of $1,386 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.