ZIP Code · MT

ZIP 59718

Part of Bozeman, MT

Pop. 44,585·Gallatin County·3rd most expensive ZIP in Montana

Median rent (all units)

$2,295/mo

Year-over-Year

+4.9%

Month-over-Month

+0.8%

vs US Median

+$363

Reported rents

Rising (Monthly)

Be the first to discuss 59718 rents ↓

Most AffordableMost Expensive

ZIP 59718 · $2,295

More expensive than 73% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 59718 usually run 3% below trend in December and 2.4% above it in July, about $124 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 59718 is 0.7% below its high of $2,312 in September 2022, at $2,295 as of September 2026.

Past year vs. the rest of Montana

Rent in ZIP 59718 changed +4.9% over the year to September 2026. Across the 18 Montana ZIP codes Zillow tracks, the typical change was +4.1%.

Recent direction

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

What a typical income covers

30% of the median household income ($99,123) is $2,478 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,420); a 3-bedroom is $3,370.

From Zillow's monthly rent index (ZORI) for ZIP 59718. 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

$27,540/yr

At $2,295/mo median

Location

CityBozeman

StateMT

CountyGallatin County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.9% YoY, +0.8% 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

$1,841 → $2,295

up 24.7%

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 24.7% since 2021, going from about $1,841 per month to roughly $2,295 today. Household income in the area moved from $81,194 to $99,123 across the same window, up 22.1% versus 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.

Community

Discussions about ZIP 59718

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 59718

About renting in ZIP 59718

Last updated: October 17, 2026

ZIP code 59718 covers Bozeman, MT. The median rent here is $2,295/mo as of October 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 4.9% over the past year.

FAQ

Frequently asked questions

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 $92,000/year (about $44/hour full-time) to afford the median rent of $2,295/mo in ZIP 59718. The local median household income is $99,123/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 59718?

Rent in ZIP 59718 has risen 4.9% over the past year as of September 2026. It sits 0.7% below its high of $2,312 in September 2022.

When is the cheapest time to rent in ZIP 59718?

Asking rents in ZIP 59718 are usually lowest in December, about 3% below their yearly trend, and highest in July, about 2.4% above it. At today's median that is a gap of roughly $124 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 59718 compare to other ZIPs in Montana?

ZIP 59718 is one of the pricier among Montana ZIP codes for rent, ranking #3 of 20 at $2,295/mo. Over the year to September 2026, rent in ZIP 59718 changed +4.9%, against a typical +4.1% across the 18 Montana ZIP codes Zillow tracks.