Billings vs Laredo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Laredo is 31% cheaper for renters. A 2-bedroom rents for $698/mo vs $913/mo in Billings — saving $2,580/year.
Rent by Unit Size
| Unit Size | Billings | Laredo | Difference |
|---|---|---|---|
| Studio | $613 | $463 | $150 |
| 1 Bedroom | $724 | $552 | $172 |
| 2 Bedrooms | $913 | $698 | $215 |
| 3 Bedrooms | $1,136 | $851 | $285 |
| 4 Bedrooms | $1,214 | $966 | $248 |
| Median Income | $47,175 | $40,343 | $6,832 |
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
Laredo
- Studio
- $463/mo
- 1 BR
- $552/mo
- 2 BR
- $698/mo
- 3 BR
- $851/mo
- 4 BR
- $966/mo
- Median Income
- $40,343/yr
Frequently Asked Questions
Is Billings or Laredo cheaper to rent in?
Laredo is cheaper — a 2-bedroom Fair Market Rent is $698/mo vs $913/mo in Billings. That's $215/mo or $2,580/year more expensive in Billings (31% higher).
What is the 2-bedroom rent in Billings vs Laredo?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Laredo, a 2-bedroom FMR is $698/month.
How do incomes compare between Billings and Laredo?
The median household income in Billings is $47,175/year. In Laredo it is $40,343/year. Billings has the higher median income.
What is the studio rent in Billings vs Laredo?
A studio apartment Fair Market Rent in Billings is $613/mo. In Laredo it is $463/mo.