Housing in Yellowstone County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Yellowstone County averages $1,131/month for a 2‑bedroom in 2024, compared to the Montana median of $1,081 and the national median of $1,413. Local renters spend approximately 29% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Yellowstone County FMR Area are $1,083 for a studio, $1,182 for 1‑bedroom, $1,511 for 2‑bedroom, $2,080 for 3‑bedroom, and $2,363 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $380 increase for a 2-bedroom in Yellowstone County shows a 34% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Yellowstone County was 2.8% in 2024, compared to Montana at 3.0% and the national rate of 4.0%.

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Towns near Acton

City
County
State
Miles
Yellowstone
MT
0.0
Yellowstone
MT
13.1
Yellowstone
MT
14.0
Yellowstone
MT
14.1
Yellowstone
MT
14.7
Yellowstone
MT
21.8
Yellowstone
MT
22.0
Stillwater
MT
22.9
Stillwater
MT
23.5
Yellowstone
MT
25.9
Carbon
MT
28.4
Carbon
MT
30.7
Yellowstone
MT
31.6
Carbon
MT
32.3
Carbon
MT
35.0
Stillwater
MT
37.9
Carbon
MT
39.1
Stillwater
MT
39.9
Big Horn
MT
42.1
Big Horn
MT
43.1
Carbon
MT
43.2
Big Horn
MT
43.4
Musselshell
MT
44.8
Golden Valley
MT
45.1
Stillwater
MT
49.3
Big Horn
MT
49.4
Yellowstone
MT
49.9
Stillwater
MT
50.1
Carbon
MT
50.4
Golden Valley
MT
50.7
Carbon
MT
54.6
Musselshell
MT
56.6
Treasure
MT
57.2
Carbon
MT
57.4
Stillwater
MT
58.3
Carbon
MT
62.3
Big Horn
MT
63.3
Musselshell
MT
64.5

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Billings: The Trailhead of Montana

The largest and fastest growing city in Montana, Billings boasts a population of 167,000 in the greater metropolitan area. Residents enjoy the amenities of the ‘big city’ while having a small town attitude which reflects most of the communities we serve in our four state region.

Billings has been largely unaffected by the economic downturn and housing bust of recent years. This is mostly due to its large trading area at the epicenter of Spokane, Boise, Denver, and Fargo. Essentially, Billings provides services to most of Montana, northern Wyoming, and the western portions of North and South Dakota. The lack of a state sales tax is also a big draw for retail sales.

Billings Rental Home Market

Jasnia® has a large selection of rental apartments and houses available by Billings property managers and individual owners. Their contact information is on each listing. You can search by bedrooms, price, pets allowed, location on the map, and more.

Senior Apartments

Enjoy living in any of a variety of retirement communities that provide special care to our senior citizens. Billings has a professional medical community so you can live with peace of mind during your golden years.

Affordable Housing for Low-Income Households

Both houses and apartments are available for rent in the Billings metro area that meet affordable housing standards: Section 8 Tenant Based, Section 8 Project Based, Section 42 Tax Credit, and USDA Rural Development.

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