Logo Billings Fair Market Rent FY 2017 Billings, MT HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Billings, MT :
$553 $646 $859 $1,202 $1,413
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Metro Area

Fair Market Rent prices in Billings are high compared to the national average. This FMR area is more expensive than 85% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Billings is $859 per month.

The previous year, rent for a two-bedroom home was $775 per month. This is a 10.84% increase year-over-year.

This FMR rate applies to Acton, MT, Edgar, MT, Roscoe, MT, Bearcreek, MT, Belfry, MT, Boyd, MT, Fromberg, MT, Ballantine, MT, Roberts, MT, Worden, MT and other cities within the region. The Metro Code or CBSA code for this region is METRO13740M13740.

Additionally, This Fair Market Rent (FMR) area Billings, MT HUD Metro FMR Area spans two counties or cities in Montana which ares listed in the table below. Estimated population of Billings, MT HUD Metro FMR Area FMR area is 158,050 people based on 2010 Census data.

Compared to the rest of Montana, the Billings FMR area is more expensive than 94% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Billings. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Billings

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 586
1-BR 1-Bedroom $ 685
2-BR 2-Bedroom $ 910
3-BR 3-Bedroom $ 1274
4-BR 4-Bedroom $ 1497
Change Year:

The counties, cities, towns, and regions listed below fall into the Billings, MT HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers one metro area: Billings.

County / Region Est. Population
Carbon County, MT Metro 10,078
Yellowstone County, MT Metro 147,972
Zip Codes in Billings, MT HUD Metro FMR Area

There are 26 unique zip codes in this Fair Market Rent (FMR) area:

59001, 59002, 59006, 59007, 59008, 59013, 59014, 59019, 59026, 59029, 59037, 59041, 59044, 59068, 59070, 59071, 59079, 59088, 59102, 59103, 59104, 59105, 59106, 59107, 59108 and 59111

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