Section 8 Fair Market Rent (FMR) for ZIP 59103 - 2027

Name: Section 8 Fair Market Rent Data for 59103
Creator: U.S. Department of Housing and Urban Development (HUD)
License: https://creativecommons.org/publicdomain/zero/1.0/

Location: Billings, MT | Metro: Billings, MT HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,010
1 Bedroom	$1,140
2 Bedrooms	$1,440
3 Bedrooms	$1,990
4 Bedrooms	$2,270
5 Bedrooms	$2,633
6 Bedrooms	$2,949
7 Bedrooms	$3,185
8 Bedrooms	$3,344

Data Sources: FMR data from HUD (2027).

About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.