About This Property
South Forty offers 101 low-income apartments in Billings, Montana, designed to serve elderly residents. The property has been in service since 2008 and includes 100 one-bedroom units and 1 two-bedroom unit. The development was financed through 4% Low-Income Housing Tax Credits.
Waitlist Information
Waitlist managed by Housing Authority of Billings
HomeFront offers six Public Housing communities with 274 units throughout Billings and has a preference for homeless applicants.
The Housing Authority of Billings (now HomeFront) has a preference for homeless applicants, and applicants must meet HUD income limits and program eligibility criteria.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Yellowstone County, MT
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $837 |
| 1 Bedroom | $874 |
| 2 Bedroom | $1,148 |
| 3 Bedroom | $1,583 |
| 4 Bedroom | $1,778 |
Income Limits - Yellowstone County, MT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $16,800
- Very Low (50%)
- $28,000
- Low (80%)
- $44,800
- Extremely Low (30%)
- $19,200
- Very Low (50%)
- $32,000
- Low (80%)
- $51,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $36,000
- Low (80%)
- $57,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $40,000
- Low (80%)
- $64,000
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $43,200
- Low (80%)
- $69,150
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $46,400
- Low (80%)
- $74,250
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $49,600
- Low (80%)
- $79,400
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $52,800
- Low (80%)
- $84,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $16,800 | $28,000 | $44,800 |
| 2 Persons | $19,200 | $32,000 | $51,200 |
| 3 Persons | $21,960 | $36,000 | $57,600 |
| 4 Persons | $26,500 | $40,000 | $64,000 |
| 5 Persons | $31,040 | $43,200 | $69,150 |
| 6 Persons | $35,580 | $46,400 | $74,250 |
| 7 Persons | $40,120 | $49,600 | $79,400 |
| 8 Persons | $44,660 | $52,800 | $84,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Billings, MT?+
The Fair Market Rent (FMR) for Yellowstone County, MT is: $837 (Studio), $874 (1BR), $1148 (2BR), $1583 (3BR), $1778 (4BR). Actual rent at subsidized properties like South Forty is typically 30% of household income or less.
What size apartments are available at South Forty?+
South Forty offers the following unit types: 100 One-Bedroom, 1 Two-Bedroom units, for a total of 101 units.
Is there a waitlist for South Forty?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What are the income limits for affordable housing in Yellowstone County, MT?+
For a 4-person household in Yellowstone County, MT, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $40,000, Low Income (80% AMI): $64,000. These limits are set by HUD and updated annually.
How do I apply for housing at South Forty?+
South Forty is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Who is eligible to live at South Forty?+
South Forty primarily serves elderly residents, UNSPECIFIED. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
What is the price range for apartments in Billings, MT?+
Based on Fair Market Rent for Yellowstone County, the estimated price range is: 1-bedroom: $874, 2-bedroom: $1148. Actual rent at South Forty may be lower for income-eligible households.
Who manages South Forty?+
South Forty is managed by . You can reach them at . Visit their website for more information.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near South Forty
Agape Housing
Billings, MT
9 UnitsCentennial Apts
Billings, MT
0 UnitsRose Park Plaza
Billings, MT
112 UnitsShiloh Glen Apartments
Billings, MT
120 Units
Billings
Billings, MT
2 Units
Housing Authority of Billings
Billings, MT
1030 Units