ZIP Code · MT

ZIP 59401

Part of Great Falls, MT

Pop. 13,255·Cascade County·18th most expensive ZIP in Montana

Median rent (all units)

$1,352/mo

Year-over-Year

+5.9%

Month-over-Month

-0.4%

vs US Median

-$580

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 59401 · $1,352

More affordable than 83% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$850

1 BR

$860

2 BR

$1,130

3 BR

$1,570

4 BR+

$1,790

Research median

$1,130/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

Compared with the peak

Rent in ZIP 59401 is 0.6% below its high of $1,360 in July 2026, at $1,352 as of September 2026.

Past year vs. the rest of Montana

Rent in ZIP 59401 changed +5.9% over the year to September 2026. Across the 18 Montana ZIP codes Zillow tracks, the typical change was +4.1%.

Recent direction

Rent has fallen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($55,299) is $1,382 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,130); a 3-bedroom is $1,570.

Rank in Great Falls

1st cheapest of 3 ZIP codes in Great Falls.

From Zillow's monthly rent index (ZORI) for ZIP 59401. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,224/yr

At $1,352/mo median

Location

CityGreat Falls

StateMT

CountyCascade County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.9% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 59401 (Great Falls, MT) is majority owner-occupied, has a median income below the national average, 27.8% of residents hold a bachelor's degree or higher.

Population

13,255

Median income

$55,299

Median age

37.1

Renters

44.6%

Age distribution

16.6%

30%

22.7%

12.1%

18.6%

Under 1816.6%

18–3430%

35–5422.7%

55–6412.1%

65+18.6%

Gender

51%

49%

Male51%

Female49%

Race & ethnicity

83.2%

White83.2%

Black0.7%

Hispanic7.1%

Asian0.7%

Other8.3%

Education (25+)

31.4%

33.5%

27.8%

No HS diploma7.2%

HS diploma31.4%

Some college33.5%

Bachelor's+27.8%

Housing tenure

55.4%

44.6%

Owner55.4%

Renter44.6%

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

2023 vs 2026

How ZIP 59401 in Great Falls, MT has changed in 5 years

Rent

$1,157 → $1,352

up 16.9%

Income

$44,575 → $55,299

up 24.1%

Population

13,339 → 13,255

down 0.6%

Renter share

45.1% → 44.6%

-0.5 pts

Bachelor's+

26.8% → 27.8%

+1.0 pts

Median age

37.8 → 37.1

-0.7 yrs

Across the past five years, the going rent in ZIP 59401 in Great Falls, MT has shifted from $1,157 to $1,352, up 16.9% since 2023. Local incomes tracked alongside that move, going from a median of $44,575 in 2021 to $55,299 more recently. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 59401 in Great Falls, MT market of 2023.

Community

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Local insights

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About renting in ZIP 59401

Last updated: October 17, 2026

ZIP code 59401 covers Great Falls, MT. The median rent here is $1,352/mo as of October 2026. A 1-bedroom rents for a median of $860/mo. A 2-bedroom rents for a median of $1,130/mo.

At 29% of local median household income ($55,299/yr), ZIP 59401 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 59401?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (about $26/hour full-time) to afford the median rent of $1,352/mo in ZIP 59401. The local median household income is $55,299/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 59401?

Rent in ZIP 59401 has risen 5.9% over the past year as of September 2026. It sits 0.6% below its high of $1,360 in July 2026.

How does ZIP 59401 compare to other ZIPs in Montana?

ZIP 59401 is one of the more affordable among Montana ZIP codes for rent, ranking #18 of 20 at $1,352/mo. Over the year to September 2026, rent in ZIP 59401 changed +5.9%, against a typical +4.1% across the 18 Montana ZIP codes Zillow tracks.