Billings, MT: 2-bedroom payment standards across 21 ZIP codes

HUD's FY2026 Small Area Fair Market Rents for Billings, MT HUD Metro FMR Area range from $1,240 to $1,980 for a 2-bedroom. The 90th-percentile ZIP code runs 1.35× the 10th — a gap of $430 a month — which ranks 137th widest of the 247 HUD metro areas we compare.

ZIP-level standards are optional here. Billings, MT is not one of HUD's 65 designated Small Area FMR areas, so a housing authority may set one payment standard for the whole area, or adopt ZIP-level exception standards of up to 110% of a ZIP's published SAFMR. Where a single area-wide standard is used, the 5 ZIP codes below marked "above 110%" sit above the highest ceiling that basic policy reaches. Confirm what applies with the PHA that issued the voucher.
$1,430

median 2-bedroom SAFMR across the area's 21 ZIP codes. Where a housing authority sets a single metro-wide standard, it could reach $1,573 at 110%.

$430

monthly gap between the 90th- and 10th-percentile ZIP code ($1,240 to $1,670).

23.8%

of the area's ZIP codes (5 of 21) sit above $1,573 — 110% of the area median.

Highest-rent ZIP codes in Billings, MT

59079$1,98059106$1,73059041$1,67059013$1,62059105$1,60059070$1,55059008$1,49059102$1,48059002$1,47059103$1,43059104$1,43059107$1,43059108$1,43059026$1,41059029$1,39059088$1,39059006$1,24059007$1,24059014$1,24059068$1,24059071$1,240area median $1,430
2 BR Small Area FMR area median across all 21 ZIPs

Every ZIP code, ranked

The payment-standard column is HUD's published 90–110% band for that ZIP code — the range a housing authority may adopt without HUD approval. Your PHA sets the exact figure. The final column compares each ZIP to the area median; ZIP codes marked above 110% exceed 110% of that median — where a housing authority sets a single area-wide standard, those sit above the highest ceiling basic policy reaches.

Showing 21 of 21 ZIP codes
# ZIP code 2 BR SAFMR Payment standard (90–110%) vs area median
159079$1,980$1,782–$2,178above 110%
259106$1,730$1,557–$1,903above 110%
359041$1,670$1,503–$1,837above 110%
459013$1,620$1,458–$1,782above 110%
559105$1,600$1,440–$1,760above 110%
659070$1,550$1,395–$1,705108%
759008$1,490$1,341–$1,639104%
859102$1,480$1,332–$1,628103%
959002$1,470$1,323–$1,617103%
1059103$1,430$1,287–$1,573100%
1159104$1,430$1,287–$1,573100%
1259107$1,430$1,287–$1,573100%
1359108$1,430$1,287–$1,573100%
1459026$1,410$1,269–$1,55199%
1559029$1,390$1,251–$1,52997%
1659088$1,390$1,251–$1,52997%
1759006$1,240$1,116–$1,36487%
1859007$1,240$1,116–$1,36487%
1959014$1,240$1,116–$1,36487%
2059068$1,240$1,116–$1,36487%
2159071$1,240$1,116–$1,36487%
Heads up: The figure above is the HUD Fair Market Rent. Your local Public Housing Authority (PHA) sets the actual payment standard — usually between 90% and 110% of it — so confirm your exact amount with the PHA that issued the voucher.

How Billings, MT compares

Its internal spread of 1.35× (p90 ÷ p10) ranks 137 of 247 HUD metro FMR areas, against a median of 1.37× and a national high of 1.77×. On the steadier p75 ÷ p25 measure it is 1.12×. Note that this area's 90th or 10th percentile lands exactly on its highest or lowest ZIP code, so a single ZIP is carrying the p90/p10 figure — the p75/p25 measure is the better read here. See the full ranking and how it was measured →

A note on what this does not mean: a higher payment standard does not increase the assistance a household receives. It raises the ceiling on the rent a voucher can cover, while the household still pays roughly 30% of adjusted income. Figures are ZIP-weighted, not renter-weighted, and rest on 2019–2023 American Community Survey data trended forward.

This page shows official HUD Fair Market Rent data for general educational use — it is not legal, financial, or housing advice, and is not a guarantee of any voucher amount. Your local Public Housing Authority sets the actual payment standard and approves rents. Always confirm with your PHA and the official HUD FMR data.

Check a rent against a ZIP code → All 247 metro areas →