Billings vs Springfield
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Springfield is 21% cheaper for renters. A 2-bedroom rents for $756/mo vs $913/mo in Billings — saving $1,884/year.
Rent by Unit Size
| Unit Size | Billings | Springfield | Difference |
|---|---|---|---|
| Studio | $613 | $519 | $94 |
| 1 Bedroom | $724 | $612 | $112 |
| 2 Bedrooms | $913 | $756 | $157 |
| 3 Bedrooms | $1,136 | $923 | $213 |
| 4 Bedrooms | $1,214 | $1,067 | $147 |
| Median Income | $47,175 | $44,958 | $2,217 |
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
Springfield
- Studio
- $519/mo
- 1 BR
- $612/mo
- 2 BR
- $756/mo
- 3 BR
- $923/mo
- 4 BR
- $1,067/mo
- Median Income
- $44,958/yr
Frequently Asked Questions
Is Billings or Springfield cheaper to rent in?
Springfield is cheaper — a 2-bedroom Fair Market Rent is $756/mo vs $913/mo in Billings. That's $157/mo or $1,884/year more expensive in Billings (21% higher).
What is the 2-bedroom rent in Billings vs Springfield?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Springfield, a 2-bedroom FMR is $756/month.
How do incomes compare between Billings and Springfield?
The median household income in Billings is $47,175/year. In Springfield it is $44,958/year. Billings has the higher median income.
What is the studio rent in Billings vs Springfield?
A studio apartment Fair Market Rent in Billings is $613/mo. In Springfield it is $519/mo.