Billings vs Missoula
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Billings is 18% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,081/mo in Missoula — saving $2,016/year.
Rent by Unit Size
| Unit Size | Billings | Missoula | Difference |
|---|---|---|---|
| Studio | $613 | $762 | $149 |
| 1 Bedroom | $724 | $909 | $185 |
| 2 Bedrooms | $913 | $1,081 | $168 |
| 3 Bedrooms | $1,136 | $1,423 | $287 |
| 4 Bedrooms | $1,214 | $1,651 | $437 |
| Median Income | $47,175 | $73,596 | $26,421 |
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
Missoula
- Studio
- $762/mo
- 1 BR
- $909/mo
- 2 BR
- $1,081/mo
- 3 BR
- $1,423/mo
- 4 BR
- $1,651/mo
- Median Income
- $73,596/yr
Frequently Asked Questions
Is Billings or Missoula cheaper to rent in?
Billings is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,081/mo in Missoula. That's $168/mo or $2,016/year more expensive in Missoula (18% higher).
What is the 2-bedroom rent in Billings vs Missoula?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Missoula, a 2-bedroom FMR is $1,081/month.
How do incomes compare between Billings and Missoula?
The median household income in Billings is $47,175/year. In Missoula it is $73,596/year. Missoula has the higher median income.
What is the studio rent in Billings vs Missoula?
A studio apartment Fair Market Rent in Billings is $613/mo. In Missoula it is $762/mo.