Metro FMR · CBSA 13740 · HUD FY2026

Billings, MT HUD Metro FMR Area Fair Market Rent

HUD's FY2026 Fair Market Rent for the Billings, MT HUD Metro FMR Area metro area - 16% above the US average.

$1,109
1-bedroom FMR
$1,417
2-bedroom FMR
+17.0%
YoY change
+16%
vs US avg

The verdict

A 2-bedroom in the Billings, MT HUD Metro FMR Area area rents at $1,417 under HUD's FY2026 Fair Market Rent - 21% above the US average, higher than 64% of the 387 metro areas HUD tracks.

#139
priciest of 387 US metros (2BR)
+21%
vs the US 2-bedroom average
$56,680
income to afford it (30% rule)
+17.0%
1BR change, FY2025→2026

Affordability & income context

Billings: #139 priciest nationally · income context

At the metro's ACS median household income of $74,599, this 1-bedroom FMR takes 17.8% of annual income. It is well below the 30% affordability guide for a median-income household.

The 2-bedroom figure places Billings in the middle half of HUD metro areas, using the same FY2026 HUD schedule as the national comparison.

With 185,147 residents, this is a smaller-metro benchmark rather than a single-neighborhood rent quote.

Its 2-bedroom FMR sits in the middle half of HUD metro areas, so the local-income comparison is more informative than the national rank alone.

The studio-through-two-bedroom FMR bands stay below 30% of recorded median income here; the larger-bedroom rows show where that headroom narrows.

Observed renter burden: 44.3% of the 23,225 renter households counted by ACS paid at least 30% of income in gross rent. This ACS 2023 household measure is distinct from the FY2026 HUD FMR benchmark.

ACS median household income lags the FY2026 HUD FMR schedule. The income share is a same-metro cross-source read (Census ACS B19013 vs HUD FMR), not a same-vintage ratio.

Studio

$1,016/mo

16.3% of median income

1 Bedroom

$1,109/mo

17.8% of median income

2 Bedroom

$1,417/mo

22.8% of median income

3 Bedroom

$1,951/mo

31.4% of median income

4 Bedroom

$2,216/mo

35.6% of median income

FMR filing desk

CBSA CBSA·13740

Billings: $1,109/mo 1BR · #139 of 387 metros (2BR) · FY2026 CBSA 13740

  • CBSA 13740
  • 1BR-FMR $1,109
  • 2BR-FMR $1,417
  • RANK-MID #139
  • YOY-SURGE +17.0%
  • VSUS-ABOVE +16%
  • IN-ST-LOW #3 MT
  • INC-ROOM 18%
  • POP-MID 185K
  • PHOTO-NEAR Bozeman
  • VOUCH-90-110 $998–$1,220
  • FY-2026 FY2026

Photo-finish peer: Bozeman ($533 1BR gap)

Read with: Understanding rent burden

Where Billings sits among every US metro

2-bedroom Fair Market Rent vs. all 387 HUD metro areas

$1,417 Top 36% higher than 64% of 387 metro areas

$800–$1,000: 28 metro areas (7%). Below this entry. $1,000–$1,200: 114 metro areas (29%). Below this entry. $1,200–$1,400: 95 metro areas (25%). Below this entry. $1,400–$1,600: 52 metro areas (13%). This entry sits in this band. $1,600–$1,800: 41 metro areas (11%). Above this entry. $1,800–$2,000: 26 metro areas (7%). Above this entry. $2,000–$2,200: 9 metro areas (2%). Above this entry. $2,200–$2,400: 5 metro areas (1%). Above this entry. $2,400–$2,600: 5 metro areas (1%). Above this entry. $2,600–$2,800: 5 metro areas (1%). Above this entry. $2,800–$3,000: 4 metro areas (1%). Above this entry. $3,000–$3,200: 2 metro areas (1%). Above this entry. $3,200–$3,400: 0 metro areas (0%). Above this entry. $3,400–$3,600: 0 metro areas (0%). Above this entry. $3,600–$3,800: 0 metro areas (0%). Above this entry. $3,800–$4,000: 0 metro areas (0%). Above this entry. $4,000–$4,200: 0 metro areas (0%). Above this entry. $4,200–$4,400: 1 metro areas (0%). Above this entry. This metro $800 $4,400 every US metro, bucketed by value

Each bar is a $0.2K-wide band; taller bars hold more metro areas. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026

CBSA 13740

Counties inside Billings

Across 3 HUD counties in CBSA 13740, 2-bedroom FMRs cluster tightly ($1,257–$1,417, 13% spread), so the metro-wide schedule tracks most constituent counties closely.

Yellowstone County 2BR $1,417 · 166K Carbon County 2BR $1,417 · 11K Stillwater County 2BR $1,257 · 9K

Billings studio–4BR schedule (FY2026) · 2BR #139 nationally

1BR $1,109 (+16% vs US, +17.0% YoY). Each bedroom band below is FY2026 HUD FMR for CBSA 13740.

Studio
$1,016
US avg $893
↑12.4% YoY +14% vs US
1 Bedroom
$1,109
US avg $959
↑17.0% YoY +16% vs US
2 Bedroom
$1,417
US avg $1,175
↑15.6% YoY +21% vs US
3 Bedroom
$1,951
US avg $1,525
↑15.8% YoY +28% vs US
4 Bedroom
$2,216
US avg $1,756
↑16.8% YoY +26% vs US

How Billings compares on 1-bedroom rent

1-bedroom FMR vs other MT metro areas

1BR FMR / mo

What this shows Billings highlighted among 4 peers · FY2026 1BR HUD FMR.

Source U.S. Department of Housing and Urban Development (HUD) As of FY2026

Billings: out-of-state FMR & burden peers

PlainRent pairs Billings with the 4 nearest HUD 2BR schedules and 4 nearest burden matches outside MT (burden peers exclude the FMR set; pop ≥50k).

2BR FMR · outside MT

Nearest schedules by 2BR delta (FY2026).

Columbus
IN · 2 BR $1,415/mo
Detroit-Warren-Livonia
MI · 2 BR $1,411/mo
Lebanon
PA · 2 BR $1,411/mo
Brunswick County
NC · 2 BR $1,426/mo

Burden % · outside MT

Nearest 2BR FMR ÷ ACS median income (FY2026).

Ann Arbor
MI · 22.8% of income · 2 BR $1,656/mo
Wenatchee-East Wenatchee
WA · 22.8% of income · 2 BR $1,500/mo
Greene County
AL · 22.8% of income · 2 BR $1,140/mo
Spartanburg
SC · 22.8% of income · 2 BR $1,187/mo

Billings: quick answers

What is the average rent in the Billings, MT HUD Metro FMR Area metro area? ▼
The FY 2026 Fair Market Rent for a 1-bedroom in Billings, MT HUD Metro FMR Area is $1,109 per month. A 2-bedroom is $1,417 and a studio is $1,016.
How does Billings, MT HUD Metro FMR Area rent compare to the national average? ▼
Rent in the Billings, MT HUD Metro FMR Area metro area is 16% above the national average. A 1-bedroom costs $1,109 compared to $959 nationally.
Where does Billings rank nationally for Fair Market Rent? ▼
HUD's FY 2026 2-bedroom FMR of $1,417 ranks #139 most expensive among 387 US metro areas (the middle half of HUD metro areas).
Do county rents differ inside the Billings metro area? ▼
Yes. HUD assigns one metro-wide FMR for CBSA 13740, but 3 constituent counties publish their own county FMR schedules spanning $1,257–$1,417 for a 2-bedroom (13% spread). Use county pages for filing at the county level.

Compare Billings vs Bozeman →

Data as of FY 2026. Source: U.S. Department of Housing and Urban Development (HUD) Fair Market Rents. Population and demographic data from U.S. Census Bureau American Community Survey (ACS).

Read our methodology - how this data is sourced, computed, and verified.

FY 2026 HUD FMR $1,109/mo · 1BR MT

Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.