ZIP Code · WA

ZIP 99201

Part of Spokane, WA

Pop. 15,829·Spokane County·206th most expensive ZIP in Washington

Median rent (all units)

$1,121/mo

Year-over-Year

+6.5%

Month-over-Month

+0.5%

vs US Median

-$811

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 99201 · $1,121

More affordable than 95% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$970

1 BR

$1,040

2 BR

$1,340

3 BR

$1,830

4 BR+

$2,190

Research median

$1,340/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

January. Asking rents in ZIP 99201 usually run 1.3% below trend in January and 1.2% above it in August, about $28 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 99201 is at its highest level since Zillow's records here began in December 2020.

Past year vs. the rest of Washington

Rent in ZIP 99201 changed +6.5% 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 8 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($41,171) is $1,029 a month. That covers HUD's Fair Market Rent for up to a studio ($970); a 1-bedroom is $1,040.

Rank in Spokane

1st cheapest of 11 ZIP codes in Spokane.

From Zillow's monthly rent index (ZORI) for ZIP 99201. 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

$13,452/yr

At $1,121/mo median

Location

CitySpokane

StateWA

CountySpokane County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.5% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 99201 (Spokane, WA) is majority renter-occupied, has a median income below the national average, 33.4% of residents hold a bachelor's degree or higher.

Population

15,829

Median income

$41,171

Median age

40.2

Renters

69.5%

Age distribution

12.3%

27.6%

30.9%

12.9%

16.4%

Under 1812.3%

18–3427.6%

35–5430.9%

55–6412.9%

65+16.4%

Gender

55%

45%

Male55%

Female45%

Race & ethnicity

72.5%

White72.5%

Black2.6%

Hispanic10.4%

Asian2.6%

Other11.9%

Education (25+)

23.2%

33.9%

33.4%

No HS diploma9.5%

HS diploma23.2%

Some college33.9%

Bachelor's+33.4%

Housing tenure

30.5%

69.5%

Owner30.5%

Renter69.5%

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

2021 vs 2026

How ZIP 99201 in Spokane, WA has changed in 5 years

Rent

$856 → $1,121

up 31.0%

Income

$31,313 → $41,171

up 31.5%

Population

14,147 → 15,829

up 11.9%

Renter share

72.7% → 69.5%

-3.2 pts

Bachelor's+

27.7% → 33.4%

+5.7 pts

Compared with 2021, rent in ZIP 99201 in Spokane, WA has climbed by $265 per month, settling near $1,121 after starting the period at $856. On the earnings side, the typical household in ZIP 99201 in Spokane, WA now reports about $41,171, up from $31,313 in 2021. Headcount in the area went from 14,147 to 15,829 between 2021 and 2024, a 11.9% change. About 69.5% of households rent today, against 72.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 27.7% to 33.4%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 99201 in Spokane, WA reflects that arc in its own way.

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About renting in ZIP 99201

Last updated: October 17, 2026

ZIP code 99201 covers Spokane, WA. The median rent here is $1,121/mo as of October 2026. A 1-bedroom rents for a median of $1,040/mo. A 2-bedroom rents for a median of $1,340/mo.

At 33% of local median household income ($41,171/yr), ZIP 99201 ranks as moderate compared to the national benchmark of 30%. Rents have increased 6.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99201?

To keep rent at or below 30% of gross income, you would need to earn at least $45,000/year (about $22/hour full-time) to afford the median rent of $1,121/mo in ZIP 99201. The local median household income is $41,171/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 99201?

Rent in ZIP 99201 has risen 6.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2020.

When is the cheapest time to rent in ZIP 99201?

Asking rents in ZIP 99201 are usually lowest in January, about 1.3% below their yearly trend, and highest in August, about 1.2% above it. At today's median that is a gap of roughly $28 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 99201 compare to other ZIPs in Washington?

ZIP 99201 is one of the more affordable among Washington ZIP codes for rent, ranking #206 of 207 at $1,121/mo. Over the year to September 2026, rent in ZIP 99201 changed +6.5%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.