ZIP Code · FL

ZIP 32606

Pop. 23,022·Alachua County·501st most expensive ZIP in Florida
Median rent (all units)
$1,768/mo
Year-over-Year
+2.1%
Month-over-Month
+0.1%
vs US Median
-$164
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32606 · $1,768
More affordable than 53% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,460
1 BR
$1,580
2 BR
$1,890
3 BR
$2,360
4 BR+
$2,500
Research median
$1,890/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 32606 usually run 1.3% below trend in February and 0.8% above it in August, about $37 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 32606 is 0.1% below its high of $1,769 in April 2026, at $1,768 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32606 changed +2.1% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 32606 rose 29.9% while median household income rose 25.7% ($69,974 to $87,953). Rent outpaced income.

Since before the pandemic

Rent in ZIP 32606 is 32.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($87,953) is $2,199 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,890); a 3-bedroom is $2,360.

Rank in Gainesville

5th cheapest of 6 ZIP codes in Gainesville.

Cheaper nearby

ZIP 32607, 3 miles away, rents for 14% less ($1,517/mo), about $3,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32606. 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
$21,216/yr
At $1,768/mo median
Location
StateFL
CountyAlachua County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.1% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 32606 (Gainesville, FL) is roughly split between renters and owners, has a large retiree population, 57.6% of residents hold a bachelor's degree or higher.

Population
23,022
Median income
$87,953
Median age
39.3
Renters
53%
Age distribution
19.6%
22.9%
24.8%
21.3%
Under 1819.6%
18–3422.9%
35–5424.8%
55–6411.5%
65+21.3%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
65.3%
13.9%
White65.3%
Black13.9%
Hispanic10.4%
Asian8.4%
Other2%
Education (25+)
15.9%
24.5%
57.6%
No HS diploma1.9%
HS diploma15.9%
Some college24.5%
Bachelor's+57.6%
Housing tenure
47%
53%
Owner47%
Renter53%

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

2021 vs 2026

How ZIP 32606 in Gainesville, FL has changed in 5 years

Rent
$1,354 → $1,768
up 30.6%
Income
$66,777 → $87,953
up 31.7%
Population
23,682 → 23,022
down 2.8%
Renter share
52.8% → 53%
+0.2 pts
Bachelor's+
57.1% → 57.6%
+0.5 pts
Median age
40.6 → 39.3
-1.3 yrs

Five years ago, renters in ZIP 32606 in Gainesville, FL paid around $1,354 a month. That figure now sits near $1,768, up 30.6% from the 2021 baseline. Median household income climbed from $66,777 to $87,953 between 2021 and 2024, a 31.7% shift. Census counts show ZIP 32606 in Gainesville, FL losing about 660 residents over the five-year window, down 2.8% on net. Taken together, the five-year picture in ZIP 32606 in Gainesville, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 32606

Last updated: October 17, 2026

ZIP code 32606 covers Gainesville, FL. The median rent here is $1,768/mo as of October 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,890/mo.

At 24% of local median household income ($87,953/yr), ZIP 32606 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32606?

To keep rent at or below 30% of gross income, you would need to earn at least $71,000/year (about $34/hour full-time) to afford the median rent of $1,768/mo in ZIP 32606. The local median household income is $87,953/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32606?

Rent in ZIP 32606 has risen 2.1% over the past year as of September 2026. It sits 0.1% below its high of $1,769 in April 2026.

When is the cheapest time to rent in ZIP 32606?

Asking rents in ZIP 32606 are usually lowest in February, about 1.3% below their yearly trend, and highest in August, about 0.8% above it. At today's median that is a gap of roughly $37 a month. This pattern comes from 7 years of Zillow rent data.

Has rent outpaced income in ZIP 32606?

Yes. From 2019 to 2024, rent in ZIP 32606 rose 29.9% while median household income rose 25.7%, from $69,974 to $87,953. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32606 compare to other ZIPs in Florida?

ZIP 32606 is one of the more affordable among Florida ZIP codes for rent, ranking #501 of 656 at $1,768/mo. Over the year to September 2026, rent in ZIP 32606 changed +2.1%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 32606 compare to the rest of Gainesville?

At $1,768/mo, ZIP 32606 is $150 above the Gainesville citywide median of $1,618/mo. It is the 5th cheapest of 6 ZIP codes in Gainesville.
Income Affordability
24%
VERY AFFORDABLE

At $1,768/mo, rent takes ~24% of ZIP 32606's median household income ($87,953/yr). The standard benchmark is 30%.

ZIP 32606 24%Benchmark 30%
State income taxNone
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