Billings vs Toledo
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Toledo is 19% cheaper for renters. A 2-bedroom rents for $769/mo vs $913/mo in Billings — saving $1,728/year.
Rent by Unit Size
| Unit Size | Billings | Toledo | Difference |
|---|---|---|---|
| Studio | $613 | $521 | $92 |
| 1 Bedroom | $724 | $622 | $102 |
| 2 Bedrooms | $913 | $769 | $144 |
| 3 Bedrooms | $1,136 | $990 | $146 |
| 4 Bedrooms | $1,214 | $1,150 | $64 |
| Median Income | $47,175 | $44,170 | $3,005 |
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
Toledo
- Studio
- $521/mo
- 1 BR
- $622/mo
- 2 BR
- $769/mo
- 3 BR
- $990/mo
- 4 BR
- $1,150/mo
- Median Income
- $44,170/yr
Frequently Asked Questions
Is Billings or Toledo cheaper to rent in?
Toledo is cheaper — a 2-bedroom Fair Market Rent is $769/mo vs $913/mo in Billings. That's $144/mo or $1,728/year more expensive in Billings (19% higher).
What is the 2-bedroom rent in Billings vs Toledo?
The HUD Fair Market Rent for a 2-bedroom in Billings is $913/month. In Toledo, a 2-bedroom FMR is $769/month.
How do incomes compare between Billings and Toledo?
The median household income in Billings is $47,175/year. In Toledo it is $44,170/year. Billings has the higher median income.
What is the studio rent in Billings vs Toledo?
A studio apartment Fair Market Rent in Billings is $613/mo. In Toledo it is $521/mo.