ZIP Code · MT

ZIP 59404

Part of Great Falls, MT

Pop. 28,822·Cascade County·8th most expensive ZIP in Montana

Median rent (all units)

$1,724/mo

Year-over-Year

+5.3%

Month-over-Month

+0.3%

vs US Median

-$208

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 59404 · $1,724

More affordable than 56% of US ZIP codes · National median $1,932/mo

Rent check

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,070

1 BR

$1,090

2 BR

$1,430

3 BR

$1,990

4 BR+

$2,270

Research median

$1,430/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 59404 changed +5.3% 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 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($83,867) is $2,097 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,990); a 4-bedroom is $2,270.

Rank in Great Falls

3rd cheapest of 3 ZIP codes in Great Falls.

Cheaper nearby

ZIP 59401, 9 miles away, rents for 22% less ($1,352/mo), about $4,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 59404. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,688/yr

At $1,724/mo median

Location

CityGreat Falls

StateMT

CountyCascade County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (5.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+5.3% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 59404 (Great Falls, MT) is majority owner-occupied, has a large share of families with children, 30.8% of residents hold a bachelor's degree or higher.

Population

28,822

Median income

$83,867

Median age

40.3

Renters

15.1%

Age distribution

25.7%

17.4%

24%

13.6%

19.4%

Under 1825.7%

18–3417.4%

35–5424%

55–6413.6%

65+19.4%

Gender

50.8%

49.2%

Male50.8%

Female49.2%

Race & ethnicity

87.6%

White87.6%

Black0.6%

Hispanic2.6%

Asian0.9%

Other8.3%

Education (25+)

31.4%

33%

30.8%

No HS diploma4.9%

HS diploma31.4%

Some college33%

Bachelor's+30.8%

Housing tenure

84.9%

15.1%

Owner84.9%

Renter15.1%

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

2021 vs 2026

How ZIP 59404 in Great Falls, MT has changed in 5 years

Income

$72,718 → $83,867

up 15.3%

Population

29,092 → 28,822

down 0.9%

Renter share

15.4% → 15.1%

-0.3 pts

Bachelor's+

31% → 30.8%

-0.2 pts

Local incomes tracked alongside that move, going from a median of $72,718 in 2021 to $83,867 more recently.

Community

Discussions about ZIP 59404

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Local insights

Tips for renters in ZIP 59404

About renting in ZIP 59404

Last updated: October 17, 2026

ZIP code 59404 covers Great Falls, MT. The median rent here is $1,724/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,430/mo.

At 25% of local median household income ($83,867/yr), ZIP 59404 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 59404?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (about $33/hour full-time) to afford the median rent of $1,724/mo in ZIP 59404. The local median household income is $83,867/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 59404?

Rent in ZIP 59404 has risen 5.3% over the past year.

How does ZIP 59404 compare to other ZIPs in Montana?

ZIP 59404 is in the middle among Montana ZIP codes for rent, ranking #8 of 20 at $1,724/mo. Over the year to September 2026, rent in ZIP 59404 changed +5.3%, against a typical +4.1% across the 18 Montana ZIP codes Zillow tracks.