Billings vs Raleigh-Cary
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Billings is 20% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,097/mo in Raleigh-Cary — saving $2,208/year.
Rent by Unit Size
| Unit Size | Billings | Raleigh-Cary | Difference |
|---|---|---|---|
| Studio | $613 | $760 | $147 |
| 1 Bedroom | $724 | $928 | $204 |
| 2 Bedrooms | $913 | $1,097 | $184 |
| 3 Bedrooms | $1,136 | $1,435 | $299 |
| 4 Bedrooms | $1,214 | $1,556 | $342 |
| Median Income | $47,175 | $70,678 | $23,503 |
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
Raleigh-Cary
- Studio
- $760/mo
- 1 BR
- $928/mo
- 2 BR
- $1,097/mo
- 3 BR
- $1,435/mo
- 4 BR
- $1,556/mo
- Median Income
- $70,678/yr
Frequently Asked Questions
Is Billings or Raleigh-Cary cheaper to rent in?
Billings is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,097/mo in Raleigh-Cary. That's $184/mo or $2,208/year more expensive in Raleigh-Cary (20% higher).
What is the 2-bedroom rent in Billings vs Raleigh-Cary?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Raleigh-Cary, a 2-bedroom FMR is $1,097/month.
How do incomes compare between Billings and Raleigh-Cary?
The median household income in Billings is $47,175/year. In Raleigh-Cary it is $70,678/year. Raleigh-Cary has the higher median income.
What is the studio rent in Billings vs Raleigh-Cary?
A studio apartment Fair Market Rent in Billings is $613/mo. In Raleigh-Cary it is $760/mo.