Billings Fair Market Rent 2026
HUD Fair Market Rent data for the Billings metropolitan area. Median household income: $47,175/year. Vacancy rate: 7%.
2BR FMR
$913/mo
Median Income
$47,175
Vacancy Rate
7%
Rent Burden
23.2%
Fair Market Rent by Bedroom Size
Affordability Analysis
Based on the 30% rule, a household earning the median income of $47,175/year can afford up to $1,179/mo in rent.
The 2BR FMR of $913/mo represents 23.2% of median income, which is within the 30% affordability threshold.
Rental Market Conditions
The vacancy rate of 7% in Billings indicates a loose rental market. Higher vacancy gives renters more options and potential leverage on pricing.
Frequently Asked Questions
What is the average rent in Billings?
The 2026 HUD FMR for a 2-bedroom in the Billings metro area is $913/month. 1BR: $724, 3BR: $1,136.
What is the vacancy rate in Billings?
The rental vacancy rate in Billings is 7%. A rate below 5% typically indicates a tight rental market.
Is Billings affordable for renters?
With a median income of $47,175 and 2BR rent at $913/mo, rent takes about 23% of income in Billings.
Compare with Other Metro Areas
San Jose-Sunnyvale-Santa Clara
2BR: $2,412/mo
New York-Newark-Jersey City
2BR: $2,293/mo
San Francisco-Oakland-Berkeley
2BR: $2,200/mo
Honolulu
2BR: $1,937/mo
Los Angeles-Long Beach-Anaheim
2BR: $1,888/mo
San Diego-Chula Vista-Carlsbad
2BR: $1,856/mo
Oxnard-Thousand Oaks-Ventura
2BR: $1,761/mo
Santa Cruz-Watsonville
2BR: $1,760/mo
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