ZIP Code · FL

ZIP 34234

Part of Sarasota, FL

Pop. 22,986·Sarasota County·420th most expensive ZIP in Florida

Median rent (all units)

$1,924/mo

Year-over-Year

+0.1%

Month-over-Month

-1.3%

vs US Median

-$8

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 34234 · $1,924

More expensive than 57% 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

$1,220

1 BR

$1,460

2 BR

$1,690

3 BR

$2,190

4 BR+

$2,610

Research median

$1,690/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 34234 is 3.7% below its high of $1,997 in June 2026, at $1,924 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 34234 changed +0.1% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has fallen 3 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($57,288) is $1,432 a month. That covers HUD's Fair Market Rent for up to a studio ($1,220); a 1-bedroom is $1,460.

Rank in Sarasota

1st cheapest of 11 ZIP codes in Sarasota.

Cheaper nearby

ZIP 34207, 5 miles away, rents for 22% less ($1,508/mo), about $5,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 34234. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,088/yr

At $1,924/mo median

Location

CitySarasota

StateFL

CountySarasota County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (up only 0.1% YoY), so renters have negotiating leverage.

Based on rent-price momentum (+0.1% YoY, -1.3% MoM), not inventory.

Demographics

Who lives here

ZIP 34234 (Sarasota, FL) is majority owner-occupied, has a large retiree population, has a median income below the national average, 28.8% of residents hold a bachelor's degree or higher.

Population

22,986

Median income

$57,288

Median age

39.6

Renters

40.5%

Age distribution

19.5%

25.2%

22.3%

12.3%

20.7%

Under 1819.5%

18–3425.2%

35–5422.3%

55–6412.3%

65+20.7%

Gender

46%

54%

Male46%

Female54%

Race & ethnicity

49.5%

30.4%

20.1%

White49.5%

Black30.4%

Hispanic20.1%

Asian1.3%

Education (25+)

13.5%

33.5%

24.2%

28.8%

No HS diploma13.5%

HS diploma33.5%

Some college24.2%

Bachelor's+28.8%

Housing tenure

59.5%

40.5%

Owner59.5%

Renter40.5%

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

2023 vs 2026

How ZIP 34234 in Sarasota, FL has changed in 5 years

Rent

$1,937 → $1,924

down 0.7%

Income

$46,772 → $57,288

up 22.5%

Population

21,692 → 22,986

up 6.0%

Renter share

41% → 40.5%

-0.5 pts

Bachelor's+

25.8% → 28.8%

+3.0 pts

Median age

42.7 → 39.6

-3.1 yrs

Since 2023, the typical rent in ZIP 34234 in Sarasota, FL has declined from $1,937 to $1,924, a 0.7% change over five years. Local incomes tracked alongside that move, going from a median of $46,772 in 2021 to $57,288 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 6.0% since 2021, moving from about 21,692 residents to roughly 22,986. College-educated residents now make up 28.8% of adults here, versus 25.8% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 34234 in Sarasota, FL market of 2023.

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About renting in ZIP 34234

Last updated: October 17, 2026

ZIP code 34234 covers Sarasota, FL. The median rent here is $1,924/mo as of October 2026. A 1-bedroom rents for a median of $1,460/mo. A 2-bedroom rents for a median of $1,690/mo.

At 40% of local median household income ($57,288/yr), ZIP 34234 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 34234?

To keep rent at or below 30% of gross income, you would need to earn at least $77,000/year (about $37/hour full-time) to afford the median rent of $1,924/mo in ZIP 34234. The local median household income is $57,288/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 34234?

Rent in ZIP 34234 has been roughly flat over the past year as of September 2026, a +0.1% change. It sits 3.7% below its high of $1,997 in June 2026.

How does ZIP 34234 compare to other ZIPs in Florida?

ZIP 34234 is in the middle among Florida ZIP codes for rent, ranking #420 of 656 at $1,924/mo. Over the year to September 2026, rent in ZIP 34234 changed +0.1%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.