FY2026 Fair Market Rents — Billings County
Studio
$697
1BR
$702
2BR
$873
3BR
$1,214
4BR
$1,464
Billings County, North Dakota
FIPS 38007 · County-level FMR and income limit data
FMR Area: Billings County, ND
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $697 | $8,364 |
| 1-Bedroom | $702 | $8,424 |
| 2-Bedroom | $873 | $10,476 |
| 3-Bedroom | $1,214 | $14,568 |
| 4-Bedroom | $1,464 | $17,568 |
To afford the FY2026 2-bedroom FMR of $873/mo under the 30%-of-income rule, a household needs about
$34,920/yr ($2,910/mo). Area Median Income is $111,200.
At ND's federal minimum wage of $7.25/hr, a worker would need to work 93 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $697 | $702 | $873 | $1,214 | $1,464 |
| FY2025 | $753 | $758 | $928 | $1,300 | $1,558 |
| FY2024 | $720 | $725 | $899 | $1,267 | $1,526 |
| FY2023 | $663 | $667 | $857 | $1,218 | $1,422 |
| FY2022 | $596 | $600 | $789 | $1,121 | $1,245 |
| FY2021 | $589 | $593 | $782 | $1,119 | $1,192 |
| FY2020 | $560 | $563 | $742 | $1,070 | $1,127 |
FY2026 Income Limits
Area Median Income: $111,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $23,350 | $26,700 | $30,050 | $33,350 | $38,680 | $44,360 |
| 50% AMI | $38,950 | $44,500 | $50,050 | $55,600 | $60,050 | $64,500 |
| 80% AMI | $62,300 | $71,200 | $80,100 | $88,950 | $96,100 | $103,200 |