Billings vs Fort Wayne
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Fort Wayne is 18% cheaper for renters. A 2-bedroom rents for $777/mo vs $913/mo in Billings — saving $1,632/year.
Rent by Unit Size
| Unit Size | Billings | Fort Wayne | Difference |
|---|---|---|---|
| Studio | $613 | $499 | $114 |
| 1 Bedroom | $724 | $639 | $85 |
| 2 Bedrooms | $913 | $777 | $136 |
| 3 Bedrooms | $1,136 | $969 | $167 |
| 4 Bedrooms | $1,214 | $1,175 | $39 |
| Median Income | $47,175 | $47,806 | $631 |
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
Fort Wayne
- Studio
- $499/mo
- 1 BR
- $639/mo
- 2 BR
- $777/mo
- 3 BR
- $969/mo
- 4 BR
- $1,175/mo
- Median Income
- $47,806/yr
Frequently Asked Questions
Is Billings or Fort Wayne cheaper to rent in?
Fort Wayne is cheaper — a 2-bedroom Fair Market Rent is $777/mo vs $913/mo in Billings. That's $136/mo or $1,632/year more expensive in Billings (18% higher).
What is the 2-bedroom rent in Billings vs Fort Wayne?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Fort Wayne, a 2-bedroom FMR is $777/month.
How do incomes compare between Billings and Fort Wayne?
The median household income in Billings is $47,175/year. In Fort Wayne it is $47,806/year. Fort Wayne has the higher median income.
What is the studio rent in Billings vs Fort Wayne?
A studio apartment Fair Market Rent in Billings is $613/mo. In Fort Wayne it is $499/mo.