ZIP Code · FL

ZIP 32608

Pop. 54,566·Alachua County·588th most expensive ZIP in Florida
Median rent (all units)
$1,569/mo
Year-over-Year
+1.0%
Month-over-Month
Stable
vs US Median
-$363
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32608 · $1,569
More affordable than 68% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,290
1 BR
$1,390
2 BR
$1,670
3 BR
$2,090
4 BR+
$2,210
Research median
$1,670/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

November. Asking rents in ZIP 32608 usually run 0.6% below trend in November and 0.5% above it in April, about $17 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 32608 is 0.5% below its high of $1,577 in November 2025, at $1,569 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32608 changed +1.0% 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 32608 rose 39% while median household income rose 34.2% ($45,887 to $61,588). Rent outpaced income.

Since before the pandemic

Rent in ZIP 32608 is 38% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($61,588) is $1,540 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,390); a 2-bedroom is $1,670.

Rank in Gainesville

4th cheapest of 6 ZIP codes in Gainesville.

From Zillow's monthly rent index (ZORI) for ZIP 32608. 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
$18,828/yr
At $1,569/mo median
Location
StateFL
CountyAlachua County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.0% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 32608 (Gainesville, FL) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 59.5% of residents hold a bachelor's degree or higher.

Population
54,566
Median income
$61,588
Median age
30.3
Renters
58.7%
Age distribution
14.9%
43%
21.7%
12.5%
Under 1814.9%
18–3443%
35–5421.7%
55–647.9%
65+12.5%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
57.5%
14.7%
15.1%
12.1%
White57.5%
Black14.7%
Hispanic15.1%
Asian12.1%
Other0.7%
Education (25+)
13.9%
22.2%
59.5%
No HS diploma4.4%
HS diploma13.9%
Some college22.2%
Bachelor's+59.5%
Housing tenure
41.3%
58.7%
Owner41.3%
Renter58.7%

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

2021 vs 2026

How ZIP 32608 in Gainesville, FL has changed in 5 years

Rent
$1,174 → $1,569
up 33.6%
Income
$53,688 → $61,588
up 14.7%
Population
51,317 → 54,566
up 6.3%
Renter share
57.7% → 58.7%
+1.0 pts
Bachelor's+
57.8% → 59.5%
+1.7 pts
Median age
29.3 → 30.3
+1.0 yrs

Since 2021, the typical rent in ZIP 32608 in Gainesville, FL has climbed from $1,174 to $1,569, a 33.6% change over five years. Median household income rose from $53,688 to $61,588 between 2021 and 2024, a 14.7% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 6.3% since 2021, moving from about 51,317 residents to roughly 54,566. Taken together, the five-year picture in ZIP 32608 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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About renting in ZIP 32608

Last updated: October 17, 2026

ZIP code 32608 covers Gainesville, FL. The median rent here is $1,569/mo as of October 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,670/mo.

At 31% of local median household income ($61,588/yr), ZIP 32608 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32608?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (about $30/hour full-time) to afford the median rent of $1,569/mo in ZIP 32608. The local median household income is $61,588/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 32608?

Rent in ZIP 32608 has risen 1.0% over the past year as of September 2026. It sits 0.5% below its high of $1,577 in November 2025.

When is the cheapest time to rent in ZIP 32608?

Asking rents in ZIP 32608 are usually lowest in November, about 0.6% below their yearly trend, and highest in April, about 0.5% above it. At today's median that is a gap of roughly $17 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 32608?

Yes. From 2019 to 2024, rent in ZIP 32608 rose 39% while median household income rose 34.2%, from $45,887 to $61,588. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32608 compare to other ZIPs in Florida?

ZIP 32608 is one of the more affordable among Florida ZIP codes for rent, ranking #588 of 656 at $1,569/mo. Over the year to September 2026, rent in ZIP 32608 changed +1.0%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 32608 compare to the rest of Gainesville?

At $1,569/mo, ZIP 32608 is $49 below the Gainesville citywide median of $1,618/mo. It is the 4th cheapest of 6 ZIP codes in Gainesville.
Income Affordability
31%
MODERATE

At $1,569/mo, rent takes ~31% of ZIP 32608's median household income ($61,588/yr). The standard benchmark is 30%.

ZIP 32608 31%Benchmark 30%
State income taxNone
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