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ZIP Code · MO

ZIP 65203

Part of Columbia, MO
Pop. 61,539·Boone County·95th most expensive ZIP in Missouri
Median rent (all units)
$1,316/mo
Year-over-Year
-5.7%
Month-over-Month
-1.4%
vs US Median
-$649
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 65203 · $1,316
More affordable than 86% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$820
1 BR
$1,040
2 BR
$1,190
3 BR
$1,610
4 BR+
$1,910
Research median
$1,190/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
$15,792/yr
At $1,316/mo median
Location
StateMO
CountyBoone County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.7% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-5.7% YoY, -1.4% MoM), not inventory.
Demographics

Who lives here

ZIP 65203 (Columbia, MO) is majority owner-occupied, 64.5% of residents hold a bachelor's degree or higher.

Population
61,539
Median income
$79,960
Median age
35.8
Renters
37.9%
Age distribution
24%
25%
26.1%
13.6%
Under 1824%
18–3425%
35–5426.1%
55–6411.3%
65+13.6%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
77%
White77%
Black9.5%
Hispanic3.2%
Asian6.4%
Other3.9%
Education (25+)
14.9%
17.9%
64.5%
No HS diploma2.7%
HS diploma14.9%
Some college17.9%
Bachelor's+64.5%
Housing tenure
62.1%
37.9%
Owner62.1%
Renter37.9%

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

2021 vs 2026

How ZIP 65203 in Columbia, MO has changed in 5 years

Rent
$906 → $1,316
up 45.3%
Income
$69,207 → $79,960
up 15.5%
Population
58,863 → 61,539
up 4.5%
Renter share
37.4% → 37.9%
+0.5 pts
Bachelor's+
62.6% → 64.5%
+1.9 pts
Median age
36.4 → 35.8
-0.6 yrs

Since 2021, the typical rent in ZIP 65203 in Columbia, MO has increased from $906 to $1,316, a 45.3% change over five years. Median household income rose from $69,207 to $79,960 between 2021 and 2024, a 15.5% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 4.5% since 2021, moving from about 58,863 residents to roughly 61,539. Taken together, the five-year picture in ZIP 65203 in Columbia, MO reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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Local insights

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About renting in ZIP 65203

Last updated: July 20, 2026

ZIP code 65203 covers Columbia, MO. The median rent here is $1,316/mo as of July 2026. A 1-bedroom rents for a median of $1,040/mo. A 2-bedroom rents for a median of $1,190/mo.

At 20% of local median household income ($79,960/yr), ZIP 65203 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 65203?

As of July 20, 2026, the median monthly rent in ZIP 65203 (Columbia, MO) is $1,316. This is based on aggregated data from public sources and community submissions.

How does ZIP 65203 rent compare to the US average?

ZIP 65203's median rent of $1,316/mo is $649 (33%) below the US national median of $1,965/mo.

How does ZIP 65203 compare to other ZIPs in Missouri?

ZIP 65203 is among the more affordable ZIP codes in Missouri, ranking #95 out of 136 ZIPs at $1,316/mo.

How much income do you need to rent in ZIP 65203?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,316/mo in ZIP 65203. The local median household income is $79,960/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 65203?

Rent in ZIP 65203 has decreased 5.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 65203 an affordable place to rent?

ZIP 65203 is considered very affordable for renters. At $1,316/mo, rent takes approximately 20% of the local median household income ($79,960/yr). The standard benchmark is 30%. ZIP 65203 falls comfortably within that range.

What percentage of ZIP 65203 residents rent vs. own?

According to Census data, approximately 37.9% of ZIP 65203 households are renters, while 62.1% are owner-occupied. ZIP 65203 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 65203 compare to the rest of Columbia?

ZIP 65203 is more affordable than Columbia overall. At $1,316/mo, it's $108 below the Columbia citywide median of $1,424/mo.

When was rent data for ZIP 65203 last updated?

Rent data for ZIP 65203 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,316/mo, rent takes ~20% of ZIP 65203's median household income ($79,960/yr). The standard benchmark is 30%.

ZIP 65203 20%Benchmark 30%
State income tax2–4.7%
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