Billings vs San Luis Obispo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Billings is 78% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,623/mo in San Luis Obispo — saving $8,520/year.
Rent by Unit Size
| Unit Size | Billings | San Luis Obispo | Difference |
|---|---|---|---|
| Studio | $613 | $1,065 | $452 |
| 1 Bedroom | $724 | $1,360 | $636 |
| 2 Bedrooms | $913 | $1,623 | $710 |
| 3 Bedrooms | $1,136 | $2,039 | $903 |
| 4 Bedrooms | $1,214 | $2,372 | $1,158 |
| Median Income | $47,175 | $94,761 | $47,586 |
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
San Luis Obispo
- Studio
- $1,065/mo
- 1 BR
- $1,360/mo
- 2 BR
- $1,623/mo
- 3 BR
- $2,039/mo
- 4 BR
- $2,372/mo
- Median Income
- $94,761/yr
Frequently Asked Questions
Is Billings or San Luis Obispo cheaper to rent in?
Billings is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,623/mo in San Luis Obispo. That's $710/mo or $8,520/year more expensive in San Luis Obispo (78% higher).
What is the 2-bedroom rent in Billings vs San Luis Obispo?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In San Luis Obispo, a 2-bedroom FMR is $1,623/month.
How do incomes compare between Billings and San Luis Obispo?
The median household income in Billings is $47,175/year. In San Luis Obispo it is $94,761/year. San Luis Obispo has the higher median income.
What is the studio rent in Billings vs San Luis Obispo?
A studio apartment Fair Market Rent in Billings is $613/mo. In San Luis Obispo it is $1,065/mo.