ZIP Code · FL

ZIP 33716

Pop. 19,328·Pinellas County·530th most expensive ZIP in Florida
Median rent (all units)
$1,712/mo
Year-over-Year
+1.3%
Month-over-Month
+1.1%
vs US Median
-$220
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 33716 · $1,712
More affordable than 57% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,283
1 BR
$1,365
2 BR
$1,589
3 BR
$2,030
4 BR+
$2,471
Research median
$1,589/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

November. Asking rents in ZIP 33716 usually run 0.9% below trend in November and 0.6% above it in July, about $26 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 33716 is 2.8% below its high of $1,762 in July 2022, at $1,712 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33716 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 33716 rose 33.4% while median household income rose 32.3% ($56,867 to $75,226). Rent outpaced income.

Since before the pandemic

Rent in ZIP 33716 is 33.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 7 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($75,226) is $1,881 a month. That is less than HUD's Fair Market Rent for a studio ($2,180).

Rank in Saint Petersburg

1st cheapest of 14 ZIP codes in Saint Petersburg.

Cheaper nearby

ZIP 33760, 5 miles away, rents for 13% less ($1,489/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33716. 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
$20,544/yr
At $1,712/mo median
Location
StateFL
CountyPinellas 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, +1.1% MoM), not inventory.
Demographics

Who lives here

ZIP 33716 (Saint Petersburg, FL) is majority renter-occupied, skews toward younger working-age adults, 45.4% of residents hold a bachelor's degree or higher.

Population
19,328
Median income
$75,226
Median age
33.4
Renters
79.7%
Age distribution
13.3%
40.8%
26.5%
Under 1813.3%
18–3440.8%
35–5426.5%
55–648.8%
65+10.7%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
64.2%
14%
16.2%
White64.2%
Black14%
Hispanic16.2%
Asian4.4%
Other1.2%
Education (25+)
17.4%
31.9%
45.4%
No HS diploma5.2%
HS diploma17.4%
Some college31.9%
Bachelor's+45.4%
Housing tenure
20.3%
79.7%
Owner20.3%
Renter79.7%

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

2021 vs 2026

How ZIP 33716 in Saint Petersburg, FL has changed in 5 years

Rent
$1,392 → $1,712
up 23.0%
Income
$63,434 → $75,226
up 18.6%
Population
18,396 → 19,328
up 5.1%
Renter share
80.3% → 79.7%
-0.6 pts
Bachelor's+
43.2% → 45.4%
+2.2 pts
Median age
32.7 → 33.4
+0.7 yrs

Compared with 2021, rent in ZIP 33716 in Saint Petersburg, FL has increased by $320 per month, settling near $1,712 after starting the period at $1,392. On the earnings side, the typical household in ZIP 33716 in Saint Petersburg, FL now reports about $75,226, up from $63,434 in 2021. Rent outpaced income growth by roughly 4.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 18,396 to 19,328 between 2021 and 2024, a 5.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 43.2% to 45.4%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 33716 in Saint Petersburg, FL reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 33716

Last updated: October 17, 2026

ZIP code 33716 covers Saint Petersburg, FL. The median rent here is $1,712/mo as of October 2026. A 1-bedroom rents for a median of $1,365/mo. A 2-bedroom rents for a median of $1,589/mo.

At 27% of local median household income ($75,226/yr), ZIP 33716 ranks as affordable 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 33716?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (about $33/hour full-time) to afford the median rent of $1,712/mo in ZIP 33716. The local median household income is $75,226/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 33716?

Rent in ZIP 33716 has risen 1.3% over the past year as of September 2026. It sits 2.8% below its high of $1,762 in July 2022.

When is the cheapest time to rent in ZIP 33716?

Asking rents in ZIP 33716 are usually lowest in November, about 0.9% below their yearly trend, and highest in July, about 0.6% above it. At today's median that is a gap of roughly $26 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 33716?

Yes. From 2019 to 2024, rent in ZIP 33716 rose 33.4% while median household income rose 32.3%, from $56,867 to $75,226. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 33716 compare to other ZIPs in Florida?

ZIP 33716 is one of the more affordable among Florida ZIP codes for rent, ranking #530 of 656 at $1,712/mo. Over the year to September 2026, rent in ZIP 33716 changed +1.3%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 33716 compare to the rest of Saint Petersburg?

At $1,712/mo, ZIP 33716 is $327 below the Saint Petersburg citywide median of $2,039/mo. It is the 1st cheapest of 14 ZIP codes in Saint Petersburg.
Income Affordability
27%
AFFORDABLE

At $1,712/mo, rent takes ~27% of ZIP 33716's median household income ($75,226/yr). The standard benchmark is 30%.

ZIP 33716 27%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 33716 (Saint Petersburg, FL)

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