Billings vs Santa Fe
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Billings is 24% cheaper for renters. A 2-bedroom rents for $913/mo vs $1,135/mo in Santa Fe — saving $2,664/year.
Rent by Unit Size
| Unit Size | Billings | Santa Fe | Difference |
|---|---|---|---|
| Studio | $613 | $754 | $141 |
| 1 Bedroom | $724 | $923 | $199 |
| 2 Bedrooms | $913 | $1,135 | $222 |
| 3 Bedrooms | $1,136 | $1,361 | $225 |
| 4 Bedrooms | $1,214 | $1,696 | $482 |
| Median Income | $47,175 | $59,153 | $11,978 |
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
Santa Fe
- Studio
- $754/mo
- 1 BR
- $923/mo
- 2 BR
- $1,135/mo
- 3 BR
- $1,361/mo
- 4 BR
- $1,696/mo
- Median Income
- $59,153/yr
Frequently Asked Questions
Is Billings or Santa Fe cheaper to rent in?
Billings is cheaper — a 2-bedroom Fair Market Rent is $913/mo vs $1,135/mo in Santa Fe. That's $222/mo or $2,664/year more expensive in Santa Fe (24% higher).
What is the 2-bedroom rent in Billings vs Santa Fe?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Santa Fe, a 2-bedroom FMR is $1,135/month.
How do incomes compare between Billings and Santa Fe?
The median household income in Billings is $47,175/year. In Santa Fe it is $59,153/year. Santa Fe has the higher median income.
What is the studio rent in Billings vs Santa Fe?
A studio apartment Fair Market Rent in Billings is $613/mo. In Santa Fe it is $754/mo.