ZIP Code · FL

ZIP 33428

Pop. 47,588·Palm Beach County·93rd most expensive ZIP in Florida
Median rent (all units)
$2,742/mo
Year-over-Year
+1.3%
Month-over-Month
+0.4%
vs US Median
+$810
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 33428 · $2,742
More expensive than 85% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,240
1 BR
$2,380
2 BR
$2,820
3 BR
$3,650
4 BR+
$4,240
Research median
$2,820/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 33428 usually run 0.6% below trend in December and 0.6% above it in July, about $33 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 33428 is 0.4% below its high of $2,753 in February 2026, at $2,742 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33428 changed +1.3% 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 33428 rose 55.6% while median household income rose 24.3% ($71,239 to $88,543). Rent outpaced income.

Since before the pandemic

Rent in ZIP 33428 is 55.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($88,543) is $2,214 a month. That is less than HUD's Fair Market Rent for a studio ($2,240).

Rank in Boca Raton

3rd cheapest of 9 ZIP codes in Boca Raton.

Cheaper nearby

ZIP 33434, 3 miles away, rents for 12% less ($2,417/mo), about $3,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33428. 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
$32,904/yr
At $2,742/mo median
Location
StateFL
CountyPalm Beach County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.3% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 33428 (Boca Raton, FL) is majority owner-occupied, 38.9% of residents hold a bachelor's degree or higher.

Population
47,588
Median income
$88,543
Median age
40.2
Renters
33.4%
Age distribution
24%
18.2%
27.8%
13.3%
16.7%
Under 1824%
18–3418.2%
35–5427.8%
55–6413.3%
65+16.7%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
53.9%
20.4%
White53.9%
Black8.9%
Hispanic20.4%
Asian5.1%
Other11.7%
Education (25+)
24.5%
25.8%
38.9%
No HS diploma10.7%
HS diploma24.5%
Some college25.8%
Bachelor's+38.9%
Housing tenure
66.6%
33.4%
Owner66.6%
Renter33.4%

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

2021 vs 2026

How ZIP 33428 in Boca Raton, FL has changed in 5 years

Rent
$2,036 → $2,742
up 34.7%
Income
$71,594 → $88,543
up 23.7%
Population
44,551 → 47,588
up 6.8%
Renter share
30.8% → 33.4%
+2.6 pts
Bachelor's+
39.6% → 38.9%
-0.7 pts
Median age
40.7 → 40.2
-0.5 yrs

Across the past five years, the going rent in ZIP 33428 in Boca Raton, FL has shifted from $2,036 to $2,742, up 34.7% since 2021. Census figures show median household income at $88,543 today, compared with $71,594 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 33428 in Boca Raton, FL adding about 3,037 residents over the five-year window, up 6.8% on net. The renter share has risen from 30.8% to 33.4%, with owner-occupied housing accounting for the remainder. 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 33428

Last updated: October 17, 2026

ZIP code 33428 covers Boca Raton, FL. The median rent here is $2,742/mo as of October 2026. A 1-bedroom rents for a median of $2,380/mo. A 2-bedroom rents for a median of $2,820/mo.

At 37% of local median household income ($88,543/yr), ZIP 33428 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33428?

To keep rent at or below 30% of gross income, you would need to earn at least $110,000/year (about $53/hour full-time) to afford the median rent of $2,742/mo in ZIP 33428. The local median household income is $88,543/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33428?

Rent in ZIP 33428 has risen 1.3% over the past year as of September 2026. It sits 0.4% below its high of $2,753 in February 2026.

When is the cheapest time to rent in ZIP 33428?

Asking rents in ZIP 33428 are usually lowest in December, about 0.6% below their yearly trend, and highest in July, about 0.6% above it. At today's median that is a gap of roughly $33 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 33428?

Yes. From 2019 to 2024, rent in ZIP 33428 rose 55.6% while median household income rose 24.3%, from $71,239 to $88,543. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 33428 compare to other ZIPs in Florida?

ZIP 33428 is one of the pricier among Florida ZIP codes for rent, ranking #93 of 656 at $2,742/mo. Over the year to September 2026, rent in ZIP 33428 changed +1.3%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 33428 compare to the rest of Boca Raton?

At $2,742/mo, ZIP 33428 is $225 below the Boca Raton citywide median of $2,967/mo. It is the 3rd cheapest of 9 ZIP codes in Boca Raton.
Income Affordability
37%
MODERATE

At $2,742/mo, rent takes ~37% of ZIP 33428's median household income ($88,543/yr). The standard benchmark is 30%.

ZIP 33428 37%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 33428 (Boca Raton, FL)

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