ZIP Code · MT

ZIP 59102

Part of Billings, MT

Pop. 47,977·Yellowstone County·17th most expensive ZIP in Montana

Median rent (all units)

$1,396/mo

Year-over-Year

+2.7%

Month-over-Month

+0.4%

vs US Median

-$536

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 59102 · $1,396

More affordable than 80% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,060

1 BR

$1,160

2 BR

$1,480

3 BR

$2,040

4 BR+

$2,310

Research median

$1,480/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

Cheapest month to sign

January. Asking rents in ZIP 59102 usually run 2% below trend in January and 2.1% above it in July, about $57 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 59102 is at its highest level since Zillow's records here began in May 2021.

Past year vs. the rest of Montana

Rent in ZIP 59102 changed +2.7% 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 ($76,141) is $1,904 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,480); a 3-bedroom is $2,040.

Rank in Billings

2nd cheapest of 4 ZIP codes in Billings.

From Zillow's monthly rent index (ZORI) for ZIP 59102. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,752/yr

At $1,396/mo median

Location

CityBillings

StateMT

CountyYellowstone County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.7% YoY, +0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 59102 (Billings, MT) is majority owner-occupied, has a large retiree population, 41.3% of residents hold a bachelor's degree or higher.

Population

47,977

Median income

$76,141

Median age

Renters

31.5%

Age distribution

19.6%

21.7%

23.9%

23.6%

Under 1819.6%

18–3421.7%

35–5423.9%

55–6411.1%

65+23.6%

Gender

48.6%

51.4%

Male48.6%

Female51.4%

Race & ethnicity

89%

White89%

Hispanic5.8%

Asian1.2%

Other3.7%

Education (25+)

24.9%

31%

41.3%

No HS diploma2.8%

HS diploma24.9%

Some college31%

Bachelor's+41.3%

Housing tenure

68.5%

31.5%

Owner68.5%

Renter31.5%

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

2022 vs 2026

How ZIP 59102 in Billings, MT has changed in 5 years

Rent

$1,170 → $1,396

up 19.3%

Income

$65,502 → $76,141

up 16.2%

Population

48,325 → 47,977

down 0.7%

Renter share

33.3% → 31.5%

-1.8 pts

Bachelor's+

42.4% → 41.3%

-1.1 pts

Median age

40.1 → 42

+1.9 yrs

Since 2022, the typical rent in ZIP 59102 in Billings, MT has increased from $1,170 to $1,396, a 19.3% change over five years. Household income in the area moved from $65,502 to $76,141 across the same window, up 16.2% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 31.5% of households, compared with 33.3% five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 59102 in Billings, MT look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 59102

Last updated: October 17, 2026

ZIP code 59102 covers Billings, MT. The median rent here is $1,396/mo as of October 2026. A 1-bedroom rents for a median of $1,160/mo. A 2-bedroom rents for a median of $1,480/mo.

At 22% of local median household income ($76,141/yr), ZIP 59102 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 59102?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (about $27/hour full-time) to afford the median rent of $1,396/mo in ZIP 59102. The local median household income is $76,141/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 59102?

Rent in ZIP 59102 has risen 2.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2021.

When is the cheapest time to rent in ZIP 59102?

Asking rents in ZIP 59102 are usually lowest in January, about 2% below their yearly trend, and highest in July, about 2.1% above it. At today's median that is a gap of roughly $57 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 59102 compare to other ZIPs in Montana?

ZIP 59102 is one of the more affordable among Montana ZIP codes for rent, ranking #17 of 20 at $1,396/mo. Over the year to September 2026, rent in ZIP 59102 changed +2.7%, against a typical +4.1% across the 18 Montana ZIP codes Zillow tracks.