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ZIP Code · MT

ZIP 59718

Part of Bozeman, MT
Pop. 44,585·Gallatin County·2nd most expensive ZIP in Montana
Median rent (all units)
$2,283/mo
Year-over-Year
+5.3%
Month-over-Month
Stable
vs US Median
+$318
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 59718 · $2,283
More expensive than 72% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,670
1 BR
$1,840
2 BR
$2,420
3 BR
$3,370
4 BR+
$3,970
Research median
$2,420/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: July 20, 2026

Annual cost
$27,396/yr
At $2,283/mo median
Location
StateMT
CountyGallatin 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, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 59718 (Bozeman, MT) is majority owner-occupied, skews toward younger working-age adults, has a median income above the national average, 58.8% of residents hold a bachelor's degree or higher.

Population
44,585
Median income
$99,123
Median age
32.4
Renters
44.5%
Age distribution
18.5%
36.2%
25.1%
13%
Under 1818.5%
18–3436.2%
35–5425.1%
55–647.2%
65+13%
Gender
51.4%
48.6%
Male51.4%
Female48.6%
Race & ethnicity
89.1%
White89.1%
Hispanic5.3%
Asian1.4%
Other3.8%
Education (25+)
14.7%
24.2%
58.8%
No HS diploma2.2%
HS diploma14.7%
Some college24.2%
Bachelor's+58.8%
Housing tenure
55.5%
44.5%
Owner55.5%
Renter44.5%

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

2021 vs 2026

How ZIP 59718 in Bozeman, MT has changed in 5 years

Rent
$1,807 → $2,283
up 26.3%
Income
$81,194 → $99,123
up 22.1%
Population
41,341 → 44,585
up 7.8%
Renter share
41% → 44.5%
+3.5 pts
Bachelor's+
56.1% → 58.8%
+2.7 pts
Median age
31.9 → 32.4
+0.5 yrs

Rent in ZIP 59718 in Bozeman, MT has increased 26.3% since 2021, going from about $1,807 per month to roughly $2,283 today. Household income in the area moved from $81,194 to $99,123 across the same window, up 22.1% versus 2021. Rent outpaced income growth by roughly 4.2 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 41,341 to 44,585 between 2021 and 2024, a 7.8% change. About 44.5% of households rent today, against 41% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 56.1% to 58.8%. Reading these numbers side by side helps frame whether current listings in ZIP 59718 in Bozeman, MT look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 59718

Last updated: July 20, 2026

ZIP code 59718 covers Bozeman, MT. The median rent here is $2,283/mo as of July 2026. A 1-bedroom rents for a median of $1,840/mo. A 2-bedroom rents for a median of $2,420/mo.

At 28% of local median household income ($99,123/yr), ZIP 59718 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 is rent in ZIP code 59718?

As of July 20, 2026, the median monthly rent in ZIP 59718 (Bozeman, MT) is $2,283. This is based on aggregated data from public sources and community submissions.

How does ZIP 59718 rent compare to the US average?

ZIP 59718's median rent of $2,283/mo is $318 (16%) above the US national median of $1,965/mo.

How does ZIP 59718 compare to other ZIPs in Montana?

ZIP 59718 is one of the pricier ZIP codes in Montana, ranking #2 out of 20 ZIPs tracked at $2,283/mo.

How much income do you need to rent in ZIP 59718?

To keep rent at or below 30% of gross income, you would need to earn at least $91,000/year (~$44/hour full-time) to afford the median rent of $2,283/mo in ZIP 59718. The local median household income is $99,123/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 59718?

Rent in ZIP 59718 has increased 5.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 59718 an affordable place to rent?

ZIP 59718 is considered affordable for renters. At $2,283/mo, rent takes approximately 28% of the local median household income ($99,123/yr). The standard benchmark is 30%. ZIP 59718 falls comfortably within that range.

What percentage of ZIP 59718 residents rent vs. own?

According to Census data, approximately 44.5% of ZIP 59718 households are renters, while 55.5% are owner-occupied. ZIP 59718 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 59718 compare to the rest of Bozeman?

ZIP 59718 is pricier than Bozeman as a whole. At $2,283/mo, it's $56 above the Bozeman citywide median of $2,227/mo.

When was rent data for ZIP 59718 last updated?

Rent data for ZIP 59718 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $2,283/mo, rent takes ~28% of ZIP 59718's median household income ($99,123/yr). The standard benchmark is 30%.

ZIP 59718 28%Benchmark 30%
State income tax4.7%
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Schools nearby

Public schools near ZIP 59718 (Bozeman, MT)

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