ZIP Code · FL

ZIP 32832

Part of Orlando, FL

Pop. 40,196·Orange County·267th most expensive ZIP in Florida

Median rent (all units)

$2,196/mo

Year-over-Year

+1.1%

Month-over-Month

Stable

vs US Median

+$264

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 32832 · $2,196

More expensive than 70% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,190

1 BR

$2,300

2 BR

$2,620

3 BR

$3,290

4 BR+

$3,880

Research median

$2,620/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

January. Asking rents in ZIP 32832 usually run 1.1% below trend in January and 1.2% above it in July, about $51 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 32832 is 2.1% below its high of $2,244 in April 2023, at $2,196 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 32832 changed +1.2% 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 32832 rose 40% while median household income rose 32.5% ($89,673 to $118,856). Rent outpaced income.

Since before the pandemic

Rent in ZIP 32832 is 36% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 4 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($118,856) is $2,971 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,620); a 3-bedroom is $3,290.

Rank in Orlando

22nd cheapest of 26 ZIP codes in Orlando.

Cheaper nearby

ZIP 32822, 8 miles away, rents for 25% less ($1,653/mo), about $6,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 32832. 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

$26,352/yr

At $2,196/mo median

Location

CityOrlando

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 (+1.1% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 32832 (Orlando, FL) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 56.3% of residents hold a bachelor's degree or higher.

Population

40,196

Median income

$118,856

Median age

35.6

Renters

31.7%

Age distribution

27%

21.7%

34.3%

Under 1827%

18–3421.7%

35–5434.3%

55–6410.8%

65+6.1%

Gender

51.1%

48.9%

Male51.1%

Female48.9%

Race & ethnicity

42.9%

48.5%

White42.9%

Black5.5%

Hispanic48.5%

Asian5%

Education (25+)

14.4%

25.5%

56.3%

No HS diploma3.8%

HS diploma14.4%

Some college25.5%

Bachelor's+56.3%

Housing tenure

68.3%

31.7%

Owner68.3%

Renter31.7%

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

2021 vs 2026

How ZIP 32832 in Orlando, FL has changed in 5 years

Rent

$1,753 → $2,196

up 25.3%

Income

$97,167 → $118,856

up 22.3%

Population

27,072 → 40,196

up 48.5%

Renter share

33.4% → 31.7%

-1.7 pts

Bachelor's+

57.3% → 56.3%

-1.0 pts

The median rent in ZIP 32832 in Orlando, FL stood at $1,753 in 2021 and currently runs about $2,196, reflecting a 25.3% increase over the period. Census figures show median household income at $118,856 today, compared with $97,167 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 48.5% since 2021, moving from about 27,072 residents to roughly 40,196. Renters now make up 31.7% of households, compared with 33.4% five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 32832

Last updated: October 17, 2026

ZIP code 32832 covers Orlando, FL. The median rent here is $2,196/mo as of October 2026. A 1-bedroom rents for a median of $2,300/mo. A 2-bedroom rents for a median of $2,620/mo.

At 22% of local median household income ($118,856/yr), ZIP 32832 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 32832?

To keep rent at or below 30% of gross income, you would need to earn at least $88,000/year (about $42/hour full-time) to afford the median rent of $2,196/mo in ZIP 32832. The local median household income is $118,856/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 32832?

Rent in ZIP 32832 has risen 1.1% over the past year as of September 2026. It sits 2.1% below its high of $2,244 in April 2023.

When is the cheapest time to rent in ZIP 32832?

Asking rents in ZIP 32832 are usually lowest in January, about 1.1% below their yearly trend, and highest in July, about 1.2% above it. At today's median that is a gap of roughly $51 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 32832?

Yes. From 2019 to 2024, rent in ZIP 32832 rose 40% while median household income rose 32.5%, from $89,673 to $118,856. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 32832 compare to other ZIPs in Florida?

ZIP 32832 is in the middle among Florida ZIP codes for rent, ranking #267 of 656 at $2,196/mo. Over the year to September 2026, rent in ZIP 32832 changed +1.2%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.