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ZIP Code · FL

ZIP 34240

Part of Sarasota, FL
Pop. 18,774·Sarasota County·242nd most expensive ZIP in Florida
Median rent (all units)
$2,288/mo
Year-over-Year
+0.2%
Month-over-Month
-1.8%
vs US Median
+$323
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 34240 · $2,288
More expensive than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,990
1 BR
$2,370
2 BR
$2,750
3 BR
$3,560
4 BR+
$4,250
Research median
$2,750/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: July 20, 2026

Annual cost
$27,456/yr
At $2,288/mo median
Location
StateFL
CountySarasota County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 0.2% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.2% YoY, -1.8% MoM), not inventory.
Demographics

Who lives here

ZIP 34240 (Sarasota, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 49.4% of residents hold a bachelor's degree or higher.

Population
18,774
Median income
$130,148
Median age
49.7
Renters
18.2%
Age distribution
20.5%
15.6%
21.1%
16.1%
26.6%
Under 1820.5%
18–3415.6%
35–5421.1%
55–6416.1%
65+26.6%
Gender
48.3%
51.7%
Male48.3%
Female51.7%
Race & ethnicity
86.9%
White86.9%
Black0.7%
Hispanic8.1%
Asian1.5%
Other2.8%
Education (25+)
20.9%
27.8%
49.4%
No HS diploma1.9%
HS diploma20.9%
Some college27.8%
Bachelor's+49.4%
Housing tenure
81.8%
18.2%
Owner81.8%
Renter18.2%

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

2021 vs 2026

How ZIP 34240 in Sarasota, FL has changed in 5 years

Income
$110,143 → $130,148
up 18.2%
Population
12,713 → 18,774
up 47.7%
Renter share
8.4% → 18.2%
+9.8 pts
Bachelor's+
46.5% → 49.4%
+2.9 pts
Median age
53 → 49.7
-3.3 yrs

Household income in the area moved from $110,143 to $130,148 across the same window, up 18.2% versus 2021. Headcount in the area went from 12,713 to 18,774 between 2021 and 2024, a 47.7% change. About 18.2% of households rent today, against 8.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 46.5% to 49.4%.

Community

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Local insights

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About renting in ZIP 34240

Last updated: July 20, 2026

ZIP code 34240 covers Sarasota, FL. The median rent here is $2,288/mo as of July 2026. A 1-bedroom rents for a median of $2,370/mo. A 2-bedroom rents for a median of $2,750/mo.

At 21% of local median household income ($130,148/yr), ZIP 34240 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 34240?

As of July 20, 2026, the median monthly rent in ZIP 34240 (Sarasota, FL) is $2,288. This is based on aggregated data from public sources and community submissions.

How does ZIP 34240 rent compare to the US average?

ZIP 34240's median rent of $2,288/mo is $323 (16%) above the US national median of $1,965/mo.

How does ZIP 34240 compare to other ZIPs in Florida?

ZIP 34240 falls in the middle range for Florida, ranking #242 out of 662 ZIPs at $2,288/mo.

How much income do you need to rent in ZIP 34240?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (~$44/hour full-time) to afford the median rent of $2,288/mo in ZIP 34240. The local median household income is $130,148/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 34240?

Rent in ZIP 34240 has been relatively stable over the past year, with a 0.2% change year over year as of July 20, 2026.

Is ZIP 34240 an affordable place to rent?

ZIP 34240 is considered very affordable for renters. At $2,288/mo, rent takes approximately 21% of the local median household income ($130,148/yr). The standard benchmark is 30%. ZIP 34240 falls comfortably within that range.

What percentage of ZIP 34240 residents rent vs. own?

According to Census data, approximately 18.2% of ZIP 34240 households are renters, while 81.8% are owner-occupied. ZIP 34240 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 34240 compare to the rest of Sarasota?

ZIP 34240 is pricier than Sarasota as a whole. At $2,288/mo, it's $70 above the Sarasota citywide median of $2,218/mo.

When was rent data for ZIP 34240 last updated?

Rent data for ZIP 34240 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $2,288/mo, rent takes ~21% of ZIP 34240's median household income ($130,148/yr). The standard benchmark is 30%.

ZIP 34240 21%Benchmark 30%
State income taxNone
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