ZIP Code · FL

ZIP 32828

Part of Orlando, FL
Pop. 69,202·Orange County·218th most expensive ZIP in Florida
Median rent (all units)
$2,296/mo
Year-over-Year
+0.9%
Month-over-Month
+0.2%
vs US Median
+$364
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 32828 · $2,296
More expensive than 73% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,890
1 BR
$1,980
2 BR
$2,260
3 BR
$2,840
4 BR+
$3,350
Research median
$2,260/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 32828 usually run 0.8% below trend in December and 1.1% above it in August, about $44 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 32828 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Florida

Rent in ZIP 32828 changed +0.9% 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 32828 rose 39.8% while median household income rose 31.7% ($77,284 to $101,767). Rent outpaced income.

Since before the pandemic

Rent in ZIP 32828 is 39.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 3 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($101,767) is $2,544 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,260); a 3-bedroom is $2,840.

Rank in Orlando

24th cheapest of 26 ZIP codes in Orlando.

Cheaper nearby

ZIP 32826, 4 miles away, rents for 16% less ($1,931/mo), about $4,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32828. 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
$27,552/yr
At $2,296/mo median
Location
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 (+0.9% YoY, +0.2% MoM), not inventory.
Demographics

Who lives here

ZIP 32828 (Orlando, FL) is majority owner-occupied, has a median income above the national average, 53.3% of residents hold a bachelor's degree or higher.

Population
69,202
Median income
$101,767
Median age
36.7
Renters
36.3%
Age distribution
22.5%
25.3%
31.6%
Under 1822.5%
18–3425.3%
35–5431.6%
55–6410.3%
65+10.3%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
49.9%
33.4%
White49.9%
Black10.4%
Hispanic33.4%
Asian7.1%
Education (25+)
16.2%
26.3%
53.3%
No HS diploma4.3%
HS diploma16.2%
Some college26.3%
Bachelor's+53.3%
Housing tenure
63.7%
36.3%
Owner63.7%
Renter36.3%

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

2021 vs 2026

How ZIP 32828 in Orlando, FL has changed in 5 years

Rent
$1,736 → $2,296
up 32.3%
Income
$88,668 → $101,767
up 14.8%
Population
70,039 → 69,202
down 1.2%
Renter share
36.8% → 36.3%
-0.5 pts
Bachelor's+
47.5% → 53.3%
+5.8 pts
Median age
35.6 → 36.7
+1.1 yrs

Since 2021, the typical rent in ZIP 32828 in Orlando, FL has climbed from $1,736 to $2,296, a 32.3% change over five years. Local incomes tracked alongside that move, going from a median of $88,668 in 2021 to $101,767 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.2% since 2021, moving from about 70,039 residents to roughly 69,202. College-educated residents now make up 53.3% of adults here, versus 47.5% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 32828 in Orlando, FL market of 2021.

Community

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About renting in ZIP 32828

Last updated: October 17, 2026

ZIP code 32828 covers Orlando, FL. The median rent here is $2,296/mo as of October 2026. A 1-bedroom rents for a median of $1,980/mo. A 2-bedroom rents for a median of $2,260/mo.

At 27% of local median household income ($101,767/yr), ZIP 32828 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32828?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (about $44/hour full-time) to afford the median rent of $2,296/mo in ZIP 32828. The local median household income is $101,767/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32828?

Rent in ZIP 32828 has risen 0.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 32828?

Asking rents in ZIP 32828 are usually lowest in December, about 0.8% below their yearly trend, and highest in August, about 1.1% above it. At today's median that is a gap of roughly $44 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 32828?

Yes. From 2019 to 2024, rent in ZIP 32828 rose 39.8% while median household income rose 31.7%, from $77,284 to $101,767. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32828 compare to other ZIPs in Florida?

ZIP 32828 is one of the pricier among Florida ZIP codes for rent, ranking #218 of 656 at $2,296/mo. Over the year to September 2026, rent in ZIP 32828 changed +0.9%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 32828 compare to the rest of Orlando?

At $2,296/mo, ZIP 32828 is $407 above the Orlando citywide median of $1,889/mo. It is the 24th cheapest of 26 ZIP codes in Orlando.
Income Affordability
27%
AFFORDABLE

At $2,296/mo, rent takes ~27% of ZIP 32828's median household income ($101,767/yr). The standard benchmark is 30%.

ZIP 32828 27%Benchmark 30%
State income taxNone
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Public schools near ZIP 32828 (Orlando, FL)

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