Billings vs Durham-Chapel Hill
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Billings is 20% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,098/mo in Durham-Chapel Hill — saving $2,220/year.
Rent by Unit Size
| Unit Size | Billings | Durham-Chapel Hill | Difference |
|---|---|---|---|
| Studio | $613 | $730 | $117 |
| 1 Bedroom | $724 | $882 | $158 |
| 2 Bedrooms | $913 | $1,098 | $185 |
| 3 Bedrooms | $1,136 | $1,391 | $255 |
| 4 Bedrooms | $1,214 | $1,605 | $391 |
| Median Income | $47,175 | $69,791 | $22,616 |
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
Durham-Chapel Hill
- Studio
- $730/mo
- 1 BR
- $882/mo
- 2 BR
- $1,098/mo
- 3 BR
- $1,391/mo
- 4 BR
- $1,605/mo
- Median Income
- $69,791/yr
Frequently Asked Questions
Is Billings or Durham-Chapel Hill cheaper to rent in?
Billings is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,098/mo in Durham-Chapel Hill. That's $185/mo or $2,220/year more expensive in Durham-Chapel Hill (20% higher).
What is the 2-bedroom rent in Billings vs Durham-Chapel Hill?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Durham-Chapel Hill, a 2-bedroom FMR is $1,098/month.
How do incomes compare between Billings and Durham-Chapel Hill?
The median household income in Billings is $47,175/year. In Durham-Chapel Hill it is $69,791/year. Durham-Chapel Hill has the higher median income.
What is the studio rent in Billings vs Durham-Chapel Hill?
A studio apartment Fair Market Rent in Billings is $613/mo. In Durham-Chapel Hill it is $730/mo.