Billings vs Cheyenne
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Cheyenne is 1% cheaper for renters. A 2-bedroom rents for $906/mo vs $913/mo in Billings — saving $84/year.
Rent by Unit Size
| Unit Size | Billings | Cheyenne | Difference |
|---|---|---|---|
| Studio | $613 | $586 | $27 |
| 1 Bedroom | $724 | $741 | $17 |
| 2 Bedrooms | $913 | $906 | $7 |
| 3 Bedrooms | $1,136 | $1,120 | $16 |
| 4 Bedrooms | $1,214 | $1,322 | $108 |
| Median Income | $47,175 | $46,984 | $191 |
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
Cheyenne
- Studio
- $586/mo
- 1 BR
- $741/mo
- 2 BR
- $906/mo
- 3 BR
- $1,120/mo
- 4 BR
- $1,322/mo
- Median Income
- $46,984/yr
Frequently Asked Questions
Is Billings or Cheyenne cheaper to rent in?
Cheyenne is cheaper — a 2-bedroom Fair Market Rent is $906/mo vs $913/mo in Billings. That's $7/mo or $84/year more expensive in Billings (1% higher).
What is the 2-bedroom rent in Billings vs Cheyenne?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Cheyenne, a 2-bedroom FMR is $906/month.
How do incomes compare between Billings and Cheyenne?
The median household income in Billings is $47,175/year. In Cheyenne it is $46,984/year. Billings has the higher median income.
What is the studio rent in Billings vs Cheyenne?
A studio apartment Fair Market Rent in Billings is $613/mo. In Cheyenne it is $586/mo.