ZIP Code · FL

ZIP 33487

Part of Boca Raton, FL

Pop. 20,717·Palm Beach County·41st most expensive ZIP in Florida

Median rent (all units)

$3,496/mo

Year-over-Year

+3.3%

Month-over-Month

-0.7%

vs US Median

+$1,564

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 33487 · $3,496

More expensive than 95% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$2,280

1 BR

$2,420

2 BR

$2,870

3 BR

$3,720

4 BR+

$4,310

Research median

$2,870/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

Compared with the peak

Rent in ZIP 33487 is 0.9% below its high of $3,526 in May 2026, at $3,496 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33487 changed +3.3% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($96,066) is $2,402 a month. That covers HUD's Fair Market Rent for up to a studio ($2,280); a 1-bedroom is $2,420.

Rank in Boca Raton

8th cheapest of 9 ZIP codes in Boca Raton.

Cheaper nearby

ZIP 33445, 3 miles away, rents for 21% less ($2,760/mo), about $8,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33487. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$41,952/yr

At $3,496/mo median

Location

CityBoca Raton

StateFL

CountyPalm Beach County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.3% YoY, -0.7% MoM), not inventory.

Demographics

Who lives here

ZIP 33487 (Boca Raton, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 60.3% of residents hold a bachelor's degree or higher.

Population

20,717

Median income

$96,066

Median age

Renters

26.8%

Age distribution

12.7%

16.3%

21.2%

17.9%

32%

Under 1812.7%

18–3416.3%

35–5421.2%

55–6417.9%

65+32%

Gender

48.2%

51.8%

Male48.2%

Female51.8%

Race & ethnicity

76.5%

14.3%

White76.5%

Black4.6%

Hispanic14.3%

Asian2.4%

Other2.2%

Education (25+)

12.1%

24.7%

60.3%

No HS diploma2.9%

HS diploma12.1%

Some college24.7%

Bachelor's+60.3%

Housing tenure

73.2%

26.8%

Owner73.2%

Renter26.8%

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

2022 vs 2026

How ZIP 33487 in Boca Raton, FL has changed in 5 years

Rent

$3,172 → $3,496

up 10.2%

Income

$80,034 → $96,066

up 20.0%

Population

21,691 → 20,717

down 4.5%

Renter share

27% → 26.8%

-0.2 pts

Bachelor's+

59.8% → 60.3%

+0.5 pts

Median age

52.4 → 55

+2.6 yrs

Compared with 2022, rent in ZIP 33487 in Boca Raton, FL has increased by $324 per month, settling near $3,496 after starting the period at $3,172. Local incomes tracked alongside that move, going from a median of $80,034 in 2021 to $96,066 more recently. Income growth outran rent by about 9.8 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 21,691 to 20,717 between 2021 and 2024, a 4.5% change. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 33487 in Boca Raton, FL market of 2022.

Community

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Local insights

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About renting in ZIP 33487

Last updated: October 17, 2026

ZIP code 33487 covers Boca Raton, FL. The median rent here is $3,496/mo as of October 2026. A 1-bedroom rents for a median of $2,420/mo. A 2-bedroom rents for a median of $2,870/mo.

At 44% of local median household income ($96,066/yr), ZIP 33487 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33487?

To keep rent at or below 30% of gross income, you would need to earn at least $140,000/year (about $67/hour full-time) to afford the median rent of $3,496/mo in ZIP 33487. The local median household income is $96,066/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33487?

Rent in ZIP 33487 has risen 3.3% over the past year as of September 2026. It sits 0.9% below its high of $3,526 in May 2026.

How does ZIP 33487 compare to other ZIPs in Florida?

ZIP 33487 is one of the pricier among Florida ZIP codes for rent, ranking #41 of 656 at $3,496/mo. Over the year to September 2026, rent in ZIP 33487 changed +3.3%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.