ZIP Code · WA

ZIP 99004

Part of Cheney, WA

Pop. 22,871·Spokane County·202nd most expensive ZIP in Washington

Median rent (all units)

$1,345/mo

Year-over-Year

+3.2%

Month-over-Month

+0.3%

vs US Median

-$587

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 99004 · $1,345

More affordable than 84% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,030

1 BR

$1,110

2 BR

$1,430

3 BR

$1,950

4 BR+

$2,340

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

Compared with the peak

Rent in ZIP 99004 is at its highest level since Zillow's records here began in May 2023.

Past year vs. the rest of Washington

Rent in ZIP 99004 changed +3.2% over the year to September 2026. Across the 193 Washington ZIP codes Zillow tracks, the typical change was +2.5%.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($67,337) is $1,683 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,430); a 3-bedroom is $1,950.

From Zillow's monthly rent index (ZORI) for ZIP 99004. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,140/yr

At $1,345/mo median

Location

CityCheney

StateWA

CountySpokane County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.2% YoY, +0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 99004 (Cheney, WA) is majority owner-occupied, skews toward younger working-age adults, 35.7% of residents hold a bachelor's degree or higher.

Population

22,871

Median income

$67,337

Median age

Renters

42.2%

Age distribution

18.5%

36%

20.1%

15.1%

Under 1818.5%

18–3436%

35–5420.1%

55–6410.4%

65+15.1%

Gender

47.5%

52.5%

Male47.5%

Female52.5%

Race & ethnicity

81.2%

White81.2%

Black1.2%

Hispanic7.8%

Asian2.5%

Other7.2%

Education (25+)

17.7%

41.9%

35.7%

No HS diploma4.7%

HS diploma17.7%

Some college41.9%

Bachelor's+35.7%

Housing tenure

57.8%

42.2%

Owner57.8%

Renter42.2%

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

2021 vs 2026

How ZIP 99004 in Cheney, WA has changed in 5 years

Income

$56,554 → $67,337

up 19.1%

Population

21,836 → 22,871

up 4.7%

Renter share

42.6% → 42.2%

-0.4 pts

Bachelor's+

38.2% → 35.7%

-2.5 pts

Median age

28.5 → 31

+2.5 yrs

Median household income rose from $56,554 to $67,337 between 2021 and 2024, a 19.1% shift. The population has grown by 4.7% since 2021, moving from about 21,836 residents to roughly 22,871. College-educated residents now make up 35.7% of adults here, versus 38.2% in 2021.

Community

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Local insights

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About renting in ZIP 99004

Last updated: October 17, 2026

ZIP code 99004 covers Cheney, WA. The median rent here is $1,345/mo as of October 2026. A 1-bedroom rents for a median of $1,110/mo. A 2-bedroom rents for a median of $1,430/mo.

At 24% of local median household income ($67,337/yr), ZIP 99004 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99004?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (about $26/hour full-time) to afford the median rent of $1,345/mo in ZIP 99004. The local median household income is $67,337/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99004?

Rent in ZIP 99004 has risen 3.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2023.

How does ZIP 99004 compare to other ZIPs in Washington?

ZIP 99004 is one of the more affordable among Washington ZIP codes for rent, ranking #202 of 207 at $1,345/mo. Over the year to September 2026, rent in ZIP 99004 changed +3.2%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.