Billings Fair Market Rent FY 2022 Billings, MT HUD Metro FMR Area Rental Data

Fair Market Rent prices in Billings are high compared to the national average. This FMR area is more expensive than 83% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Billings is $960 per month.

The previous year, rent for a two-bedroom home was $956 per month. This is a 0.42% increase year-over-year.

This FMR rate applies to Bearcreek, MT, Belfry, MT, Boyd, MT, Roscoe, MT, Edgar, MT, Fromberg, MT, Roberts, MT, Bridger, MT, Absarokee, MT, Joliet, 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 one county or city in Montana which is listed in the table below. Estimated population of Billings, MT HUD Metro FMR Area FMR area is 10,465 people based on latest Census data.

Compared to the rest of Montana, the Billings FMR area is more expensive than 96% of the state.

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.

50^th Percentile Rental Prices: