ZIP Code · MT

ZIP 59106

Part of Billings, MT

Pop. 21,417·Yellowstone County·9th most expensive ZIP in Montana

Median rent (all units)

$1,613/mo

Year-over-Year

+2.0%

Month-over-Month

+0.9%

vs US Median

-$319

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 59106 · $1,613

More affordable than 64% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,240

1 BR

$1,350

2 BR

$1,730

3 BR

$2,380

4 BR+

$2,710

Research median

$1,730/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 59106 changed +2.0% over the year to September 2026. Across the 18 Montana ZIP codes Zillow tracks, the typical change was +4.1%.

Recent direction

Rent has risen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($125,833) is $3,146 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,710).

Rank in Billings

4th cheapest of 4 ZIP codes in Billings.

Cheaper nearby

ZIP 59102, 7 miles away, rents for 13% less ($1,396/mo), about $2,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 59106. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$19,356/yr

At $1,613/mo median

Location

CityBillings

StateMT

CountyYellowstone County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.0% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 59106 (Billings, MT) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 52.2% of residents hold a bachelor's degree or higher.

Population

21,417

Median income

$125,833

Median age

Renters

20.7%

Age distribution

27%

16.6%

27.3%

18%

Under 1827%

18–3416.6%

35–5427.3%

55–6411.1%

65+18%

Gender

48.4%

51.6%

Male48.4%

Female51.6%

Race & ethnicity

87.2%

White87.2%

Black0.6%

Hispanic3.9%

Other8.2%

Education (25+)

18.1%

27.9%

52.2%

No HS diploma1.8%

HS diploma18.1%

Some college27.9%

Bachelor's+52.2%

Housing tenure

79.3%

20.7%

Owner79.3%

Renter20.7%

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

2021 vs 2026

How ZIP 59106 in Billings, MT has changed in 5 years

Income

$104,117 → $125,833

up 20.9%

Population

19,812 → 21,417

up 8.1%

Renter share

23.7% → 20.7%

-3.0 pts

Bachelor's+

50.1% → 52.2%

+2.1 pts

Median age

40.8 → 39

-1.8 yrs

Median household income rose from $104,117 to $125,833 between 2021 and 2024, a 20.9% shift. The population has grown by 8.1% since 2021, moving from about 19,812 residents to roughly 21,417. Renters now make up 20.7% of households, compared with 23.7% five years ago. College-educated residents now make up 52.2% of adults here, versus 50.1% in 2021.

Community

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Local insights

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About renting in ZIP 59106

Last updated: October 17, 2026

ZIP code 59106 covers Billings, MT. The median rent here is $1,613/mo as of October 2026. A 1-bedroom rents for a median of $1,350/mo. A 2-bedroom rents for a median of $1,730/mo.

At 15% of local median household income ($125,833/yr), ZIP 59106 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 59106?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (about $31/hour full-time) to afford the median rent of $1,613/mo in ZIP 59106. The local median household income is $125,833/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 59106?

Rent in ZIP 59106 has risen 2.0% over the past year.

How does ZIP 59106 compare to other ZIPs in Montana?

ZIP 59106 is in the middle among Montana ZIP codes for rent, ranking #9 of 20 at $1,613/mo. Over the year to September 2026, rent in ZIP 59106 changed +2.0%, against a typical +4.1% across the 18 Montana ZIP codes Zillow tracks.