Affordable & Income-Based Housing in Billings

Affordability in Billings, MT

According to Census ACS 5-Year data (2024), the median gross rent in Billings is $1,138 per month, the median household income is $73,712 per year, and renters make up 35% of households. Lease Lantern tracks 13 HUD-assisted or income-restricted properties totaling 1,046 units in the city, offering alternatives for renters seeking costs below the local market rate.

Safety

According to FBI Crime Data Explorer, the Billings Police Department reported a violent crime rate of 749 per 100,000 residents in 2024. Note that crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Getting Around Billings

According to Walk Score, the area around assisted properties in Billings rates 70 out of 100 (Somewhat Walkable), with a Bike Score of 54 out of 100. No Transit Score is available for this area.

Schools

Billings is served by 47 schools across 10 districts, including 29 elementary, 11 middle, 6 high schools, and 1 other, according to NCES Common Core of Data. Quality and programs vary by school and district, so renters should check the assigned schools for a specific address before signing a lease.

Cost of Renting in Billings

The median household income in Billings is $73,712 per year, according to Census ACS 5-Year data. The citywide median rent is $1,138 per month (Census ACS 5-Year), giving renters useful context when comparing market-rate costs to income-based housing options.

HUD-assisted and LIHTC properties aim to keep rent affordable relative to your income, which can mean meaningful savings for households earning below area median income levels.

• Median household income: $73,712/year (Census ACS 5-Year)
• Median market rent: $1,138/month (Census ACS 5-Year)
• Renter households: 35% of occupied units (Census ACS 5-Year)
• Affordable units tracked on Lease Lantern: 1,046 across 13 properties

Environment & Flood Risk

All 13 HUD-assisted properties in Billings have been mapped for flood zone exposure, and none fall within a high-risk flood zone. Flood risk across this portfolio is low based on available flood data.