Billings vs Knoxville
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Knoxville is 9% cheaper for renters. A 2-bedroom rents for $836/mo vs $913/mo in Billings — saving $924/year.
Rent by Unit Size
| Unit Size | Billings | Knoxville | Difference |
|---|---|---|---|
| Studio | $613 | $566 | $47 |
| 1 Bedroom | $724 | $693 | $31 |
| 2 Bedrooms | $913 | $836 | $77 |
| 3 Bedrooms | $1,136 | $1,106 | $30 |
| 4 Bedrooms | $1,214 | $1,220 | $6 |
| Median Income | $47,175 | $54,020 | $6,845 |
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
Knoxville
- Studio
- $566/mo
- 1 BR
- $693/mo
- 2 BR
- $836/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,220/mo
- Median Income
- $54,020/yr
Frequently Asked Questions
Is Billings or Knoxville cheaper to rent in?
Knoxville is cheaper — a 2-bedroom Fair Market Rent is $836/mo vs $913/mo in Billings. That's $77/mo or $924/year more expensive in Billings (9% higher).
What is the 2-bedroom rent in Billings vs Knoxville?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Knoxville, a 2-bedroom FMR is $836/month.
How do incomes compare between Billings and Knoxville?
The median household income in Billings is $47,175/year. In Knoxville it is $54,020/year. Knoxville has the higher median income.
What is the studio rent in Billings vs Knoxville?
A studio apartment Fair Market Rent in Billings is $613/mo. In Knoxville it is $566/mo.