ZIP Code · WA

ZIP 99204

Part of Spokane, WA

Pop. 7,643·Spokane County·204th most expensive ZIP in Washington

Median rent (all units)

$1,206/mo

Year-over-Year

+4.0%

Month-over-Month

+0.7%

vs US Median

-$726

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 99204 · $1,206

More affordable than 91% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$940

1 BR

$1,020

2 BR

$1,310

3 BR

$1,800

4 BR+

$2,140

Research median

$1,310/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

February. Asking rents in ZIP 99204 usually run 1.8% below trend in February and 1.1% above it in August, about $35 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 99204 is at its highest level since Zillow's records here began in February 2021.

Past year vs. the rest of Washington

Rent in ZIP 99204 changed +4.0% 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 7 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($58,277) is $1,457 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,310); a 3-bedroom is $1,800.

Rank in Spokane

2nd cheapest of 11 ZIP codes in Spokane.

From Zillow's monthly rent index (ZORI) for ZIP 99204. 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

$14,472/yr

At $1,206/mo median

Location

CitySpokane

StateWA

CountySpokane County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.0% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 99204 (Spokane, WA) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 41% of residents hold a bachelor's degree or higher.

Population

7,643

Median income

$58,277

Median age

33.6

Renters

69.9%

Age distribution

16%

36.3%

24.3%

13.3%

Under 1816%

18–3436.3%

35–5424.3%

55–6413.3%

65+10.1%

Gender

46.9%

53.1%

Male46.9%

Female53.1%

Race & ethnicity

80.6%

White80.6%

Black4.9%

Hispanic7.7%

Asian5.3%

Other1.4%

Education (25+)

17.4%

37.9%

41%

No HS diploma3.7%

HS diploma17.4%

Some college37.9%

Bachelor's+41%

Housing tenure

30.1%

69.9%

Owner30.1%

Renter69.9%

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

2021 vs 2026

How ZIP 99204 in Spokane, WA has changed in 5 years

Rent

$927 → $1,206

up 30.1%

Income

$45,520 → $58,277

up 28.0%

Population

7,375 → 7,643

up 3.6%

Renter share

68.5% → 69.9%

+1.4 pts

Bachelor's+

39% → 41%

+2.0 pts

Median age

33.1 → 33.6

+0.5 yrs

Rent in ZIP 99204 in Spokane, WA has climbed 30.1% since 2021, going from about $927 per month to roughly $1,206 today. Local incomes tracked alongside that move, going from a median of $45,520 in 2021 to $58,277 more recently. Headcount in the area went from 7,375 to 7,643 between 2021 and 2024, a 3.6% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 39% to 41%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 99204 in Spokane, WA market of 2021.

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About renting in ZIP 99204

Last updated: October 17, 2026

ZIP code 99204 covers Spokane, WA. The median rent here is $1,206/mo as of October 2026. A 1-bedroom rents for a median of $1,020/mo. A 2-bedroom rents for a median of $1,310/mo.

At 25% of local median household income ($58,277/yr), ZIP 99204 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 99204?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (about $23/hour full-time) to afford the median rent of $1,206/mo in ZIP 99204. The local median household income is $58,277/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 99204?

Rent in ZIP 99204 has risen 4.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2021.

When is the cheapest time to rent in ZIP 99204?

Asking rents in ZIP 99204 are usually lowest in February, about 1.8% below their yearly trend, and highest in August, about 1.1% above it. At today's median that is a gap of roughly $35 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 99204 compare to other ZIPs in Washington?

ZIP 99204 is one of the more affordable among Washington ZIP codes for rent, ranking #204 of 207 at $1,206/mo. Over the year to September 2026, rent in ZIP 99204 changed +4.0%, against a typical +2.5% across the 193 Washington ZIP codes Zillow tracks.