Billings, MT Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in Billings, MT
The median asking rent in Billings, MT is $1,995 as of July 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $349,521, that rent level prices Billings, MT at a 6.65% gross rental yield — compared with 6.19% across Montana.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Billings, MT rent and rental yield comparison
The current Billings, MT baseline is $1,995 median asking rent and 6.65% gross rental yield. Compare rent, yield, and home values with selected Montana metros, then open a public report or Rental Insights for property-level follow-up.
Bozeman, MT
Bozeman, MT median asking rent is $2,900, $905 (45.4%) higher than the $1,995 median asking rent in Billings, MT.
- Median rent
- $2,900
- Gross yield
- 5.77%
- Avg home value
- $586,724
Kalispell, MT
Kalispell, MT median asking rent is $2,650, $655 (32.8%) higher than the $1,995 median asking rent in Billings, MT.
- Median rent
- $2,650
- Gross yield
- 5.43%
- Avg home value
- $578,500
Missoula, MT
Missoula, MT median asking rent is $2,500, $505 (25.3%) higher than the $1,995 median asking rent in Billings, MT.
- Median rent
- $2,500
- Gross yield
- 5.88%
- Avg home value
- $505,039
Great Falls, MT
Great Falls, MT median asking rent is $1,990, $5 (0.3%) lower than the $1,995 median asking rent in Billings, MT.
- Median rent
- $1,990
- Gross yield
- 7.62%
- Avg home value
- $298,295
Helena, MT
Helena, MT median asking rent is $2,300, $305 (15.3%) higher than the $1,995 median asking rent in Billings, MT.
- Median rent
- $2,300
- Gross yield
- 6.39%
- Avg home value
- $445,603
Butte-Silver Bow, MT
Butte-Silver Bow, MT median asking rent is $1,600, $395 (19.8%) lower than the $1,995 median asking rent in Billings, MT.
- Median rent
- $1,600
- Gross yield
- 8.56%
- Avg home value
- $261,585
Billings, MT rent and yield FAQ
Quick answers based on the latest Billings, MT rental listing and transaction data.
What is the average rent in Billings, MT?
As of July 2026, the median asking rent in Billings, MT is $1,995. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Billings, MT?
Billings, MT currently prices at a 6.65% gross rental yield, versus 6.19% across Montana. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from Billings, MT market context to property-level screening
Open Rental Insights with Billings, MT selected, then pair the yield signal with investor activity and rental data workflows.