Metro FMR area · MT · HUD FY 2027

Billings, MT Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Billings, MT area is $1,432 a month, 6% below the Montana average and 19% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 31 ZIP codes range from $1,280 to $2,060.

$1,4322-bedroom FMR+$15 (+1.1%) vs FY 2026
$1,1321-bedroom FMRU.S.: $1,478
$57,280Income for a 2-bedroomat 30% of income
180,073Residents2 counties

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,432/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Billings, MT FMR	$1,432	$57,280	–
Montana average	$1,529	$61,159	–
U.S. average	$1,761	$70,432	–

Billings, MT Fair Market Rents, FY 2027 vs FY 2026
Unit	Billings, MT FY 2027	FY 2026	Change	Montana avg	U.S. avg	Income needed
Studio	$1,003	$1,016	−$13 (−1.3%)	$1,114	$1,379	$40,120
1 bedroom	$1,132	$1,109	+$23 (+2.1%)	$1,223	$1,478	$45,280
2 bedrooms	$1,432	$1,417	+$15 (+1.1%)	$1,529	$1,761	$57,280
3 bedrooms	$1,983	$1,951	+$32 (+1.6%)	$2,086	$2,266	$79,320
4 bedrooms	$2,261	$2,216	+$45 (+2.0%)	$2,430	$2,607	$90,440

Counties in this FMR area

Counties in the Billings, MT FMR area
County	Residents in area
Carbon County, MT	11,116
Yellowstone County, MT	168,957

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,380.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Billings, MT
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
59001	$920	$1,000	$1,290	$1,790	$2,150	+$10 (+0.8%)	10% below
59002	$1,040	$1,180	$1,490	$2,060	$2,350	+$20 (+1.4%)	4% above
59006	$920	$1,000	$1,280	$1,760	$2,000	+$40 (+3.2%)	11% below
59007	$920	$1,000	$1,280	$1,760	$2,000	+$40 (+3.2%)	11% below
59008	$990	$1,050	$1,350	$1,850	$2,070	−$140 (−9.4%)	6% below
59013	$1,160	$1,300	$1,650	$2,290	$2,600	+$30 (+1.9%)	15% above
59014	$920	$1,000	$1,280	$1,760	$2,000	+$40 (+3.2%)	11% below
59015	$1,020	$1,120	$1,380	$1,900	$2,230	−$80 (−5.5%)	4% below
59019	$920	$1,000	$1,280	$1,760	$2,010	+$40 (+3.2%)	11% below
59024	$1,010	$1,140	$1,440	$1,990	$2,270	+$10 (+0.7%)	1% above
59026	$940	$1,000	$1,280	$1,760	$2,000	−$130 (−9.2%)	11% below
59029	$930	$1,000	$1,280	$1,760	$2,000	−$110 (−7.9%)	11% below
59037	$960	$1,070	$1,370	$1,890	$2,170	no change	4% below
59041	$1,180	$1,330	$1,680	$2,330	$2,650	+$10 (+0.6%)	17% above
59044	$920	$1,040	$1,310	$1,810	$2,070	−$50 (−3.7%)	9% below
59057	$1,030	$1,150	$1,470	$2,040	$2,390	+$30 (+2.1%)	3% above
59063	$1,060	$1,170	$1,530	$2,120	$2,550	+$100 (+7.0%)	7% above
59064	$920	$1,000	$1,280	$1,760	$2,030	no change	11% below
59068	$920	$1,000	$1,280	$1,760	$2,000	+$40 (+3.2%)	11% below
59070	$1,120	$1,260	$1,600	$2,220	$2,530	+$50 (+3.2%)	12% above
59071	$920	$1,000	$1,280	$1,760	$2,000	+$40 (+3.2%)	11% below
59079	$1,440	$1,630	$2,060	$2,850	$3,250	+$80 (+4.0%)	44% above
59088	$920	$1,000	$1,280	$1,760	$2,000	−$110 (−7.9%)	11% below
59101	$950	$1,070	$1,360	$1,880	$2,150	+$10 (+0.7%)	5% below
59102	$1,030	$1,160	$1,470	$2,040	$2,320	−$10 (−0.7%)	3% above
59103	$1,010	$1,140	$1,440	$1,990	$2,270	+$10 (+0.7%)	1% above
59104	$1,010	$1,140	$1,440	$1,990	$2,270	+$10 (+0.7%)	1% above
59105	$1,140	$1,290	$1,630	$2,260	$2,570	+$30 (+1.9%)	14% above
59106	$1,250	$1,410	$1,780	$2,460	$2,810	+$50 (+2.9%)	24% above
59107	$1,010	$1,140	$1,440	$1,990	$2,270	+$10 (+0.7%)	1% above
59108	$1,010	$1,140	$1,440	$1,990	$2,270	+$10 (+0.7%)	1% above

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.