ZIP Code · WA

ZIP 99203

Part of Spokane, WA

Pop. 21,468·Spokane County·72nd most expensive ZIP in Washington

Median rent (all units)

$2,204/mo

Year-over-Year

+9.6%

Month-over-Month

+2.8%

vs US Median

+$272

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 99203 · $2,204

More expensive than 71% 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

$1,120

1 BR

$1,220

2 BR

$1,560

3 BR

$2,130

4 BR+

$2,550

Research median

$1,560/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 99203 is at its highest level since Zillow's records here began in October 2022.

Past year vs. the rest of Washington

Rent in ZIP 99203 changed +9.6% 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 5 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($104,372) is $2,609 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,550).

Rank in Spokane

11th cheapest of 11 ZIP codes in Spokane.

Cheaper nearby

ZIP 99204, 2 miles away, rents for 45% less ($1,206/mo), about $12,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 99203. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,448/yr

At $2,204/mo median

Location

CitySpokane

StateWA

CountySpokane County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.6% YoY, +2.8% MoM), not inventory.

Demographics

Who lives here

ZIP 99203 (Spokane, WA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 60.4% of residents hold a bachelor's degree or higher.

Population

21,468

Median income

$104,372

Median age

43.4

Renters

22.6%

Age distribution

21.5%

17.7%

25.6%

12.6%

22.6%

Under 1821.5%

18–3417.7%

35–5425.6%

55–6412.6%

65+22.6%

Gender

46.4%

53.6%

Male46.4%

Female53.6%

Race & ethnicity

89.7%

White89.7%

Black0.6%

Hispanic6.4%

Asian1.7%

Other1.5%

Education (25+)

27.1%

60.4%

No HS diploma1.3%

HS diploma11.2%

Some college27.1%

Bachelor's+60.4%

Housing tenure

77.4%

22.6%

Owner77.4%

Renter22.6%

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

2023 vs 2026

How ZIP 99203 in Spokane, WA has changed in 5 years

Rent

$1,853 → $2,204

up 18.9%

Income

$85,516 → $104,372

up 22.0%

Population

21,500 → 21,468

down 0.1%

Renter share

23.1% → 22.6%

-0.5 pts

Bachelor's+

61.4% → 60.4%

-1.0 pts

Compared with 2023, rent in ZIP 99203 in Spokane, WA has increased by $351 per month, settling near $2,204 after starting the period at $1,853. Household income in the area moved from $85,516 to $104,372 across the same window, up 22.0% versus 2021. Income growth outran rent by about 3.1 percentage points, easing the affordability math somewhat compared with 2021. Reading these numbers side by side helps frame whether current listings in ZIP 99203 in Spokane, WA look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 99203

About renting in ZIP 99203

Last updated: October 17, 2026

ZIP code 99203 covers Spokane, WA. The median rent here is $2,204/mo as of October 2026. A 1-bedroom rents for a median of $1,220/mo. A 2-bedroom rents for a median of $1,560/mo.

At 25% of local median household income ($104,372/yr), ZIP 99203 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99203?

To keep rent at or below 30% of gross income, you would need to earn at least $88,000/year (about $42/hour full-time) to afford the median rent of $2,204/mo in ZIP 99203. The local median household income is $104,372/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99203?

Rent in ZIP 99203 has risen 9.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in October 2022.

How does ZIP 99203 compare to other ZIPs in Washington?

ZIP 99203 is in the middle among Washington ZIP codes for rent, ranking #72 of 207 at $2,204/mo. Over the year to September 2026, rent in ZIP 99203 changed +9.6%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.