ZIP Code · FL

ZIP 34120

Part of Naples, FL

Pop. 42,345·Collier County·108th most expensive ZIP in Florida

Median rent (all units)

$2,651/mo

Year-over-Year

+4.4%

Month-over-Month

+1.2%

vs US Median

+$719

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 34120 · $2,651

More expensive than 83% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,730

1 BR

$2,230

2 BR

$2,460

3 BR

$3,200

4 BR+

$3,470

Research median

$2,460/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 34120 is 2.9% below its high of $2,730 in March 2023, at $2,651 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 34120 changed +4.4% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 2 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($93,861) is $2,347 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,230); a 2-bedroom is $2,460.

Rank in Naples

7th cheapest of 14 ZIP codes in Naples.

From Zillow's monthly rent index (ZORI) for ZIP 34120. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$31,812/yr

At $2,651/mo median

Location

CityNaples

StateFL

CountyCollier County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.4% YoY, +1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 34120 (Naples, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 32.3% of residents hold a bachelor's degree or higher.

Population

42,345

Median income

$93,861

Median age

44.9

Renters

9.4%

Age distribution

17.4%

19.3%

26.1%

16.4%

20.8%

Under 1817.4%

18–3419.3%

35–5426.1%

55–6416.4%

65+20.8%

Gender

51.5%

48.5%

Male51.5%

Female48.5%

Race & ethnicity

59%

34.5%

White59%

Black6.7%

Hispanic34.5%

Asian1.5%

Education (25+)

13%

29.6%

25.1%

32.3%

No HS diploma13%

HS diploma29.6%

Some college25.1%

Bachelor's+32.3%

Housing tenure

90.6%

Owner90.6%

Renter9.4%

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

2023 vs 2026

How ZIP 34120 in Naples, FL has changed in 5 years

Rent

$2,679 → $2,651

down 1.0%

Income

$78,015 → $93,861

up 20.3%

Population

35,117 → 42,345

up 20.6%

Renter share

13.2% → 9.4%

-3.8 pts

Bachelor's+

27.5% → 32.3%

+4.8 pts

Median age

44.1 → 44.9

+0.8 yrs

Rent in ZIP 34120 in Naples, FL has fallen 1.0% since 2023, going from about $2,679 per month to roughly $2,651 today. Local incomes tracked alongside that move, going from a median of $78,015 in 2021 to $93,861 more recently. Income growth outran rent by about 21.3 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 35,117 to 42,345 between 2021 and 2024, a 20.6% change. About 9.4% of households rent today, against 13.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 27.5% to 32.3%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 34120 in Naples, FL market of 2023.

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About renting in ZIP 34120

Last updated: October 17, 2026

ZIP code 34120 covers Naples, FL. The median rent here is $2,651/mo as of October 2026. A 1-bedroom rents for a median of $2,230/mo. A 2-bedroom rents for a median of $2,460/mo.

At 34% of local median household income ($93,861/yr), ZIP 34120 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34120?

To keep rent at or below 30% of gross income, you would need to earn at least $106,000/year (about $51/hour full-time) to afford the median rent of $2,651/mo in ZIP 34120. The local median household income is $93,861/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 34120?

Rent in ZIP 34120 has risen 4.4% over the past year as of September 2026. It sits 2.9% below its high of $2,730 in March 2023.

How does ZIP 34120 compare to other ZIPs in Florida?

ZIP 34120 is one of the pricier among Florida ZIP codes for rent, ranking #108 of 656 at $2,651/mo. Over the year to September 2026, rent in ZIP 34120 changed +4.4%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.