Billings vs Cedar Rapids
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cedar Rapids is 14% cheaper for renters. A 2-bedroom rents for $800/mo vs $913/mo in Billings — saving $1,356/year.
Rent by Unit Size
| Unit Size | Billings | Cedar Rapids | Difference |
|---|---|---|---|
| Studio | $613 | $530 | $83 |
| 1 Bedroom | $724 | $637 | $87 |
| 2 Bedrooms | $913 | $800 | $113 |
| 3 Bedrooms | $1,136 | $966 | $170 |
| 4 Bedrooms | $1,214 | $1,168 | $46 |
| Median Income | $47,175 | $45,870 | $1,305 |
Billings
- Studio
- $613/mo
- 1 BR
- $724/mo
- 2 BR
- $913/mo
- 3 BR
- $1,136/mo
- 4 BR
- $1,214/mo
- Median Income
- $47,175/yr
Cedar Rapids
- Studio
- $530/mo
- 1 BR
- $637/mo
- 2 BR
- $800/mo
- 3 BR
- $966/mo
- 4 BR
- $1,168/mo
- Median Income
- $45,870/yr
Frequently Asked Questions
Is Billings or Cedar Rapids cheaper to rent in?
Cedar Rapids is cheaper — a 2-bedroom Fair Market Rent is $800/mo vs $913/mo in Billings. That's $113/mo or $1,356/year more expensive in Billings (14% higher).
What is the 2-bedroom rent in Billings vs Cedar Rapids?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Cedar Rapids, a 2-bedroom FMR is $800/month.
How do incomes compare between Billings and Cedar Rapids?
The median household income in Billings is $47,175/year. In Cedar Rapids it is $45,870/year. Billings has the higher median income.
What is the studio rent in Billings vs Cedar Rapids?
A studio apartment Fair Market Rent in Billings is $613/mo. In Cedar Rapids it is $530/mo.