ZIP Code · MT

ZIP 59101

Part of Billings, MT

Pop. 42,250·Yellowstone County·20th most expensive ZIP in Montana

Median rent (all units)

$1,176/mo

Year-over-Year

+5.6%

Month-over-Month

+0.4%

vs US Median

-$756

Reported rents

Stable (Monthly)

Be the first to discuss 59101 rents ↓

Most AffordableMost Expensive

ZIP 59101 · $1,176

More affordable than 92% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$970

1 BR

$1,060

2 BR

$1,350

3 BR

$1,860

4 BR+

$2,110

Research median

$1,350/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 59101 is at its highest level since Zillow's records here began in March 2023.

Past year vs. the rest of Montana

Rent in ZIP 59101 changed +5.6% 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 10 of the last 12 months.

What a typical income covers

30% of the median household income ($58,598) is $1,465 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,350); a 3-bedroom is $1,860.

Rank in Billings

1st cheapest of 4 ZIP codes in Billings.

From Zillow's monthly rent index (ZORI) for ZIP 59101. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,112/yr

At $1,176/mo median

Location

CityBillings

StateMT

CountyYellowstone County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.6% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 59101 (Billings, MT) is majority owner-occupied, has a median income below the national average, 23.6% of residents hold a bachelor's degree or higher.

Population

42,250

Median income

$58,598

Median age

Renters

43.6%

Age distribution

20.7%

26.5%

24.5%

12.5%

15.7%

Under 1820.7%

18–3426.5%

35–5424.5%

55–6412.5%

65+15.7%

Gender

49.9%

50.1%

Male49.9%

Female50.1%

Race & ethnicity

76.2%

White76.2%

Black1.9%

Hispanic10.6%

Asian0.9%

Other10.5%

Education (25+)

35.9%

32.5%

23.6%

No HS diploma8%

HS diploma35.9%

Some college32.5%

Bachelor's+23.6%

Housing tenure

56.4%

43.6%

Owner56.4%

Renter43.6%

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

2023 vs 2026

How ZIP 59101 in Billings, MT has changed in 5 years

Rent

$990 → $1,176

up 18.8%

Income

$50,330 → $58,598

up 16.4%

Population

40,565 → 42,250

up 4.2%

Renter share

42% → 43.6%

+1.6 pts

Bachelor's+

22.5% → 23.6%

+1.1 pts

Median age

36.2 → 37

+0.8 yrs

Rent in ZIP 59101 in Billings, MT has climbed 18.8% since 2023, going from about $990 per month to roughly $1,176 today. On the earnings side, the typical household in ZIP 59101 in Billings, MT now reports about $58,598, up from $50,330 in 2021. Headcount in the area went from 40,565 to 42,250 between 2021 and 2024, a 4.2% change. About 43.6% of households rent today, against 42% in 2021. For context, the 2023 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 59101 in Billings, MT reflects that arc in its own way.

Community

Discussions about ZIP 59101

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 59101

About renting in ZIP 59101

Last updated: October 17, 2026

ZIP code 59101 covers Billings, MT. The median rent here is $1,176/mo as of October 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,350/mo.

At 24% of local median household income ($58,598/yr), ZIP 59101 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 59101?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (about $23/hour full-time) to afford the median rent of $1,176/mo in ZIP 59101. The local median household income is $58,598/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 59101?

Rent in ZIP 59101 has risen 5.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2023.

How does ZIP 59101 compare to other ZIPs in Montana?

ZIP 59101 is one of the more affordable among Montana ZIP codes for rent, ranking #20 of 20 at $1,176/mo. Over the year to September 2026, rent in ZIP 59101 changed +5.6%, against a typical +4.1% across the 18 Montana ZIP codes Zillow tracks.