Billings vs Colorado Springs
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Billings is 25% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,142/mo in Colorado Springs — saving $2,748/year.
Rent by Unit Size
| Unit Size | Billings | Colorado Springs | Difference |
|---|---|---|---|
| Studio | $613 | $778 | $165 |
| 1 Bedroom | $724 | $959 | $235 |
| 2 Bedrooms | $913 | $1,142 | $229 |
| 3 Bedrooms | $1,136 | $1,510 | $374 |
| 4 Bedrooms | $1,214 | $1,677 | $463 |
| Median Income | $47,175 | $70,288 | $23,113 |
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
Colorado Springs
- Studio
- $778/mo
- 1 BR
- $959/mo
- 2 BR
- $1,142/mo
- 3 BR
- $1,510/mo
- 4 BR
- $1,677/mo
- Median Income
- $70,288/yr
Frequently Asked Questions
Is Billings or Colorado Springs cheaper to rent in?
Billings is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,142/mo in Colorado Springs. That's $229/mo or $2,748/year more expensive in Colorado Springs (25% higher).
What is the 2-bedroom rent in Billings vs Colorado Springs?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Colorado Springs, a 2-bedroom FMR is $1,142/month.
How do incomes compare between Billings and Colorado Springs?
The median household income in Billings is $47,175/year. In Colorado Springs it is $70,288/year. Colorado Springs has the higher median income.
What is the studio rent in Billings vs Colorado Springs?
A studio apartment Fair Market Rent in Billings is $613/mo. In Colorado Springs it is $778/mo.