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ZIP Code · MT

ZIP 59101

Part of Billings, MT
Pop. 42,250·Yellowstone County·19th most expensive ZIP in Montana
Median rent (all units)
$1,244/mo
Year-over-Year
+4.7%
Month-over-Month
+4.1%
vs US Median
-$721
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 59101 · $1,244
More affordable than 90% of US ZIP codes · National median $1,965/mo
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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

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Last updated: July 20, 2026

Annual cost
$14,928/yr
At $1,244/mo median
Location
StateMT
CountyYellowstone County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 4.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+4.7% YoY, +4.1% 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
37
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

2021 vs 2026

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

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

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.

Community

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Local insights

Tips for renters in ZIP 59101

About renting in ZIP 59101

Last updated: July 20, 2026

ZIP code 59101 covers Billings, MT. The median rent here is $1,244/mo as of July 2026. A 1-bedroom rents for a median of $1,060/mo. A 2-bedroom rents for a median of $1,350/mo.

At 25% of local median household income ($58,598/yr), ZIP 59101 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 59101?

As of July 20, 2026, the median monthly rent in ZIP 59101 (Billings, MT) is $1,244. This is based on aggregated data from public sources and community submissions.

How does ZIP 59101 rent compare to the US average?

ZIP 59101's median rent of $1,244/mo is $721 (37%) below the US national median of $1,965/mo.

How does ZIP 59101 compare to other ZIPs in Montana?

ZIP 59101 is among the more affordable ZIP codes in Montana, ranking #19 out of 20 ZIPs at $1,244/mo.

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 $50,000/year (~$24/hour full-time) to afford the median rent of $1,244/mo in ZIP 59101. The local median household income is $58,598/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 59101?

Rent in ZIP 59101 has increased 4.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 59101 an affordable place to rent?

ZIP 59101 is considered affordable for renters. At $1,244/mo, rent takes approximately 25% of the local median household income ($58,598/yr). The standard benchmark is 30%. ZIP 59101 falls comfortably within that range.

What percentage of ZIP 59101 residents rent vs. own?

According to Census data, approximately 43.6% of ZIP 59101 households are renters, while 56.4% are owner-occupied. ZIP 59101 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 59101 compare to the rest of Billings?

ZIP 59101 is more affordable than Billings overall. At $1,244/mo, it's $214 below the Billings citywide median of $1,458/mo.

When was rent data for ZIP 59101 last updated?

Rent data for ZIP 59101 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,244/mo, rent takes ~25% of ZIP 59101's median household income ($58,598/yr). The standard benchmark is 30%.

ZIP 59101 25%Benchmark 30%
State income tax4.7%
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Schools nearby

Public schools near ZIP 59101 (Billings, MT)

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