A zoom lens system includes a negative first lens group, a positive second lens group, a negative third lens group and a positive fourth lens group, in that order from the object side. Upon zooming from the short to long focal length extremities, at least the first lens group, the second lens group and the fourth lens group are moved in the optical axis direction. The third lens group includes a negative first sub-lens group and a negative second sub-lens group, in that order from the object side. The second sub-lens group is provided with a negative single lens element and a positive single lens element, wherein an air lens is formed between the negative single lens element and the positive single lens element.