ZIP Code · MT

ZIP 59715

Part of Bozeman, MT

Pop. 39,643·Gallatin County·5th most expensive ZIP in Montana

Median rent (all units)

$2,068/mo

Year-over-Year

+5.4%

Month-over-Month

+0.9%

vs US Median

+$136

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 59715 · $2,068

More expensive than 65% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,320

1 BR

$1,470

2 BR

$1,920

3 BR

$2,670

4 BR+

$3,150

Research median

$1,920/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

September. Asking rents in ZIP 59715 usually run 2.1% below trend in September and 1.5% above it in May, about $74 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 59715 is 0.1% below its high of $2,070 in January 2025, at $2,068 as of September 2026.

Past year vs. the rest of Montana

Rent in ZIP 59715 changed +5.4% 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 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($88,407) is $2,210 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,920); a 3-bedroom is $2,670.

From Zillow's monthly rent index (ZORI) for ZIP 59715. 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

$24,816/yr

At $2,068/mo median

Location

CityBozeman

StateMT

CountyGallatin County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.4% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 59715 (Bozeman, MT) is majority owner-occupied, skews toward younger working-age adults, 67.2% of residents hold a bachelor's degree or higher.

Population

39,643

Median income

$88,407

Median age

Renters

44.2%

Age distribution

13.7%

39.3%

24.2%

14.1%

Under 1813.7%

18–3439.3%

35–5424.2%

55–648.7%

65+14.1%

Gender

53.8%

46.2%

Male53.8%

Female46.2%

Race & ethnicity

86.9%

White86.9%

Black0.9%

Hispanic5.1%

Asian2%

Other5.1%

Education (25+)

20.4%

67.2%

No HS diploma2.5%

HS diploma9.9%

Some college20.4%

Bachelor's+67.2%

Housing tenure

55.8%

44.2%

Owner55.8%

Renter44.2%

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

2021 vs 2026

How ZIP 59715 in Bozeman, MT has changed in 5 years

Rent

$1,512 → $2,068

up 36.8%

Income

$71,792 → $88,407

up 23.1%

Population

38,347 → 39,643

up 3.4%

Renter share

43.7% → 44.2%

+0.5 pts

Bachelor's+

65.5% → 67.2%

+1.7 pts

Median age

31.1 → 32

+0.9 yrs

Compared with 2021, rent in ZIP 59715 in Bozeman, MT has climbed by $556 per month, settling near $2,068 after starting the period at $1,512. On the earnings side, the typical household in ZIP 59715 in Bozeman, MT now reports about $88,407, up from $71,792 in 2021. Rent outpaced income growth by roughly 13.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 38,347 to 39,643 between 2021 and 2024, a 3.4% change. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 59715 in Bozeman, MT reflects that arc in its own way.

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About renting in ZIP 59715

Last updated: October 17, 2026

ZIP code 59715 covers Bozeman, MT. The median rent here is $2,068/mo as of October 2026. A 1-bedroom rents for a median of $1,470/mo. A 2-bedroom rents for a median of $1,920/mo.

At 28% of local median household income ($88,407/yr), ZIP 59715 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 59715?

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (about $40/hour full-time) to afford the median rent of $2,068/mo in ZIP 59715. The local median household income is $88,407/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 59715?

Rent in ZIP 59715 has risen 5.4% over the past year as of September 2026. It sits 0.1% below its high of $2,070 in January 2025.

When is the cheapest time to rent in ZIP 59715?

Asking rents in ZIP 59715 are usually lowest in September, about 2.1% below their yearly trend, and highest in May, about 1.5% above it. At today's median that is a gap of roughly $74 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 59715 compare to other ZIPs in Montana?

ZIP 59715 is one of the pricier among Montana ZIP codes for rent, ranking #5 of 20 at $2,068/mo. Over the year to September 2026, rent in ZIP 59715 changed +5.4%, against a typical +4.1% across the 18 Montana ZIP codes Zillow tracks.