ZIP Code · MT

ZIP 59044

Part of Laurel, MT

Pop. 12,302·Yellowstone County·19th most expensive ZIP in Montana

Median rent (all units)

$1,282/mo

Year-over-Year

Stable

Month-over-Month

+1.5%

vs US Median

-$650

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 59044 · $1,282

More affordable than 87% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$970

1 BR

$1,060

2 BR

$1,360

3 BR

$1,870

4 BR+

$2,130

Research median

$1,360/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($87,648) is $2,191 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,130).

From Zillow's monthly rent index (ZORI) for ZIP 59044. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$15,384/yr

At $1,282/mo median

Location

CityLaurel

StateMT

CountyYellowstone County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 59044 (Laurel, MT) is majority owner-occupied, has a large share of families with children, 27.2% of residents hold a bachelor's degree or higher.

Population

12,302

Median income

$87,648

Median age

38.4

Renters

27.9%

Age distribution

25.1%

18.8%

27.2%

14.8%

14.1%

Under 1825.1%

18–3418.8%

35–5427.2%

55–6414.8%

65+14.1%

Gender

51.2%

48.8%

Male51.2%

Female48.8%

Race & ethnicity

90.6%

White90.6%

Hispanic5%

Asian1.2%

Other2.9%

Education (25+)

30.5%

38.4%

27.2%

No HS diploma3.8%

HS diploma30.5%

Some college38.4%

Bachelor's+27.2%

Housing tenure

72.1%

27.9%

Owner72.1%

Renter27.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 59044 in Laurel, MT has changed in 5 years

Income

$77,681 → $87,648

up 12.8%

Population

12,438 → 12,302

down 1.1%

Renter share

25.4% → 27.9%

+2.5 pts

Bachelor's+

25.4% → 27.2%

+1.8 pts

Median age

42.4 → 38.4

-4.0 yrs

On the earnings side, the typical household in ZIP 59044 in Laurel, MT now reports about $87,648, up from $77,681 in 2021. Census counts show ZIP 59044 in Laurel, MT losing about 136 residents over the five-year window, down 1.1% on net. The renter share has risen from 25.4% to 27.9%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

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About renting in ZIP 59044

Last updated: October 17, 2026

ZIP code 59044 covers Laurel, MT. The median rent here is $1,282/mo as of October 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,360/mo.

At 18% of local median household income ($87,648/yr), ZIP 59044 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 59044?

To keep rent at or below 30% of gross income, you would need to earn at least $51,000/year (about $25/hour full-time) to afford the median rent of $1,282/mo in ZIP 59044. The local median household income is $87,648/yr, so the typical household meets that bar.