ZIP Code · MT

ZIP 59047

Part of Livingston, MT

Pop. 14,092·Park County·12th most expensive ZIP in Montana

Median rent (all units)

$1,495/mo

Year-over-Year

+0.5%

Month-over-Month

-1.5%

vs US Median

-$437

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 59047 · $1,495

More affordable than 74% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,140

1 BR

$1,420

2 BR

$1,650

3 BR

$2,290

4 BR+

$2,770

Research median

$1,650/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

Past year vs. the rest of Montana

Rent in ZIP 59047 changed +0.5% over the year to September 2026. Across the 18 Montana ZIP codes Zillow tracks, the typical change was +4.1%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($71,620) is $1,791 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,650); a 3-bedroom is $2,290.

From Zillow's monthly rent index (ZORI) for ZIP 59047. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,940/yr

At $1,495/mo median

Location

CityLivingston

StateMT

CountyPark County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (up only 0.5% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.5% YoY, -1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 59047 (Livingston, MT) is majority owner-occupied, has a large retiree population, 37.4% of residents hold a bachelor's degree or higher.

Population

14,092

Median income

$71,620

Median age

43.8

Renters

31.9%

Age distribution

18.6%

19.2%

25.4%

15.2%

21.6%

Under 1818.6%

18–3419.2%

35–5425.4%

55–6415.2%

65+21.6%

Gender

50%

Male50%

Female50%

Race & ethnicity

91%

White91%

Hispanic3.5%

Other5.3%

Education (25+)

28.4%

30.9%

37.4%

No HS diploma3.4%

HS diploma28.4%

Some college30.9%

Bachelor's+37.4%

Housing tenure

68.1%

31.9%

Owner68.1%

Renter31.9%

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

2021 vs 2026

How ZIP 59047 in Livingston, MT has changed in 5 years

Income

$58,355 → $71,620

up 22.7%

Population

12,899 → 14,092

up 9.2%

Renter share

30.4% → 31.9%

+1.5 pts

Bachelor's+

32.4% → 37.4%

+5.0 pts

Household income in the area moved from $58,355 to $71,620 across the same window, up 22.7% versus 2021. The population has grown by 9.2% since 2021, moving from about 12,899 residents to roughly 14,092. Renters now make up 31.9% of households, compared with 30.4% five years ago. College-educated residents now make up 37.4% of adults here, versus 32.4% in 2021.

Community

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Local insights

Tips for renters in ZIP 59047

About renting in ZIP 59047

Last updated: October 17, 2026

ZIP code 59047 covers Livingston, MT. The median rent here is $1,495/mo as of October 2026. A 1-bedroom rents for a median of $1,420/mo. A 2-bedroom rents for a median of $1,650/mo.

At 25% of local median household income ($71,620/yr), ZIP 59047 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 59047?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,495/mo in ZIP 59047. The local median household income is $71,620/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 59047?

Rent in ZIP 59047 has been roughly flat over the past year, a +0.5% change.

How does ZIP 59047 compare to other ZIPs in Montana?

ZIP 59047 is in the middle among Montana ZIP codes for rent, ranking #12 of 20 at $1,495/mo. Over the year to September 2026, rent in ZIP 59047 changed +0.5%, against a typical +4.1% across the 18 Montana ZIP codes Zillow tracks.