FY2027 Small Area FMR · Billings, MT

ZIP 59105 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59105 (Billings, MT) is $1,630 a month, up 1.9% from FY2026. That is 14% above the Billings, MT area-wide FMR of $1,432.

2-bedroom SAFMR$1,630per month ▲ 1.9%

Area-wide 2 BR FMR$1,432Billings, MT

Rank in the area5thof 31 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,467

2 BR Small Area FMR$1,630

110% of SAFMR$1,793

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,140▼ 0.9%

1 BR$1,290▲ 3.2%

2 BR$1,630▲ 1.9%

3 BR$2,260▲ 2.7%

4 BR$2,570▲ 2.8%

FY2027 FY2026

Where 59105 sits in the Billings, MT area

Of the 31 ZIP codes HUD lists for the area, 59105 has the 5th highest two-bedroom Small Area FMR. Billings, MT is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,432 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,630 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,140	$1,026 – $1,254	$1,003	$1,150
1 bedroom	$1,290	$1,161 – $1,419	$1,132	$1,250
2 bedrooms	$1,630	$1,467 – $1,793	$1,432	$1,600
3 bedrooms	$2,260	$2,034 – $2,486	$1,983	$2,200
4 bedrooms	$2,570	$2,313 – $2,827	$2,261	$2,500

A household renting a two-bedroom home at the Small Area FMR of $1,630 needs about $65,200 a year to keep housing costs at 30% of income. The area median family income is $113,000 and the 80% low-income limit for four people is $85,450. ZIP code 59105 lies mainly in Yellowstone County. See the Billings, MT metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
59102	Billings	9.0 mi	$1,470
59106	Billings	10.9 mi	$1,780
59002	Acton	12.1 mi	$1,490
59037	Huntley	13.2 mi	$1,370
59079	Shepherd	13.4 mi	$2,060
59006	Ballantine	19.7 mi	$1,280

Questions

What is the Fair Market Rent for ZIP code 59105?

HUD's FY2027 Small Area Fair Market Rents for 59105 are $1,140 (studio), $1,290 (1 BR), $1,630 (2 BR), $2,260 (3 BR) and $2,570 (4 BR) a month.

What is the Section 8 payment standard in 59105?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59105 that range is $1,467 to $1,793 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 59105?

The FY2026 income limits of the Billings, MT area apply: median family income $113,000, low-income (80%) limit $85,450 for a family of four.