ZIP Code · FL

ZIP 32703

Part of Apopka, FL

Pop. 59,269·Orange County·437th most expensive ZIP in Florida

Median rent (all units)

$1,897/mo

Year-over-Year

+0.3%

Month-over-Month

+0.7%

vs US Median

-$35

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 32703 · $1,897

More expensive than 55% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,560

1 BR

$1,630

2 BR

$1,860

3 BR

$2,330

4 BR+

$2,760

Research median

$1,860/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

December. Asking rents in ZIP 32703 usually run 1% below trend in December and 1% above it in August, about $38 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 32703 is 0.5% below its high of $1,906 in April 2025, at $1,897 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32703 changed +0.3% 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 32703 rose 41.8% while median household income rose 42.2% ($51,257 to $72,880). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 32703 is 41.1% 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 6 of the last 12 months.

What a typical income covers

30% of the median household income ($72,880) is $1,822 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,630); a 2-bedroom is $1,860.

Cheaper nearby

ZIP 32818, 7 miles away, rents for 13% less ($1,655/mo), about $2,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32703. 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

$22,764/yr

At $1,897/mo median

Location

CityApopka

StateFL

CountyOrange 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 (+0.3% YoY, +0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 32703 (Apopka, FL) is majority owner-occupied, 29.7% of residents hold a bachelor's degree or higher.

Population

59,269

Median income

$72,880

Median age

38.6

Renters

34.2%

Age distribution

24.3%

20.7%

28.6%

14.8%

Under 1824.3%

18–3420.7%

35–5428.6%

55–6411.7%

65+14.8%

Gender

48.9%

51.1%

Male48.9%

Female51.1%

Race & ethnicity

40.3%

28.9%

28%

White40.3%

Black28.9%

Hispanic28%

Asian3%

Education (25+)

29.7%

29%

29.7%

No HS diploma11.6%

HS diploma29.7%

Some college29%

Bachelor's+29.7%

Housing tenure

65.8%

34.2%

Owner65.8%

Renter34.2%

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

2021 vs 2026

How ZIP 32703 in Apopka, FL has changed in 5 years

Rent

$1,421 → $1,897

up 33.5%

Income

$54,744 → $72,880

up 33.1%

Population

54,551 → 59,269

up 8.6%

Renter share

33.7% → 34.2%

+0.5 pts

Bachelor's+

26.1% → 29.7%

+3.6 pts

Median age

38.1 → 38.6

+0.5 yrs

The median rent in ZIP 32703 in Apopka, FL stood at $1,421 in 2021 and currently runs about $1,897, reflecting a 33.5% increase over the period. Median household income rose from $54,744 to $72,880 between 2021 and 2024, a 33.1% shift. The population has grown by 8.6% since 2021, moving from about 54,551 residents to roughly 59,269. College-educated residents now make up 29.7% of adults here, versus 26.1% in 2021. Taken together, the five-year picture in ZIP 32703 in Apopka, 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.

Community

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About renting in ZIP 32703

Last updated: October 17, 2026

ZIP code 32703 covers Apopka, FL. The median rent here is $1,897/mo as of October 2026. A 1-bedroom rents for a median of $1,630/mo. A 2-bedroom rents for a median of $1,860/mo.

At 31% of local median household income ($72,880/yr), ZIP 32703 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32703?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (about $37/hour full-time) to afford the median rent of $1,897/mo in ZIP 32703. The local median household income is $72,880/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 32703?

Rent in ZIP 32703 has been roughly flat over the past year as of September 2026, a +0.3% change. It sits 0.5% below its high of $1,906 in April 2025.

When is the cheapest time to rent in ZIP 32703?

Asking rents in ZIP 32703 are usually lowest in December, about 1% below their yearly trend, and highest in August, about 1% above it. At today's median that is a gap of roughly $38 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 32703?

No. From 2019 to 2024, rent in ZIP 32703 rose 41.8% while median household income rose 42.2%, from $51,257 to $72,880. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32703 compare to other ZIPs in Florida?

ZIP 32703 is in the middle among Florida ZIP codes for rent, ranking #437 of 656 at $1,897/mo. Over the year to September 2026, rent in ZIP 32703 changed +0.3%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.