Billings vs Great Falls
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Great Falls is 15% cheaper for renters. A 2-bedroom rents for $791/mo vs $913/mo in Billings — saving $1,464/year.
Rent by Unit Size
| Unit Size | Billings | Great Falls | Difference |
|---|---|---|---|
| Studio | $613 | $519 | $94 |
| 1 Bedroom | $724 | $625 | $99 |
| 2 Bedrooms | $913 | $791 | $122 |
| 3 Bedrooms | $1,136 | $997 | $139 |
| 4 Bedrooms | $1,214 | $1,047 | $167 |
| Median Income | $47,175 | $41,522 | $5,653 |
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
Great Falls
- Studio
- $519/mo
- 1 BR
- $625/mo
- 2 BR
- $791/mo
- 3 BR
- $997/mo
- 4 BR
- $1,047/mo
- Median Income
- $41,522/yr
Frequently Asked Questions
Is Billings or Great Falls cheaper to rent in?
Great Falls is cheaper — a 2-bedroom Fair Market Rent is $791/mo vs $913/mo in Billings. That's $122/mo or $1,464/year more expensive in Billings (15% higher).
What is the 2-bedroom rent in Billings vs Great Falls?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Great Falls, a 2-bedroom FMR is $791/month.
How do incomes compare between Billings and Great Falls?
The median household income in Billings is $47,175/year. In Great Falls it is $41,522/year. Billings has the higher median income.
What is the studio rent in Billings vs Great Falls?
A studio apartment Fair Market Rent in Billings is $613/mo. In Great Falls it is $519/mo.