ZIP 85234
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 85234 usually run 1.1% below trend in January and 0.9% above it in June, about $38 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 85234 is 1.4% below its high of $1,909 in August 2024, at $1,883 as of September 2026.
Rent in ZIP 85234 changed +1.6% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in ZIP 85234 rose 44% while median household income rose 41.3% ($85,692 to $121,102). Rent outpaced income.
Rent in ZIP 85234 is 35.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($121,102) is $3,028 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,270); a 3-bedroom is $3,030.
1st cheapest of 6 ZIP codes in Gilbert.
ZIP 85204, 4 miles away, rents for 27% less ($1,376/mo), about $6,100 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85234. 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.
Who lives here
ZIP 85234 (Gilbert, AZ) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 47.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85234 in Gilbert, AZ has changed in 5 years
Since 2021, the typical rent in ZIP 85234 in Gilbert, AZ has increased from $1,574 to $1,883, a 19.6% change over five years. Median household income rose from $98,338 to $121,102 between 2021 and 2024, a 23.1% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 1.9% since 2021, moving from about 50,328 residents to roughly 51,283. Renters now make up 24.4% of households, compared with 28% five years ago. College-educated residents now make up 47.5% of adults here, versus 43.8% in 2021. Taken together, the five-year picture in ZIP 85234 in Gilbert, AZ reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 85234
Last updated: October 17, 2026
ZIP code 85234 covers Gilbert, AZ. The median rent here is $1,883/mo as of October 2026. A 1-bedroom rents for a median of $1,950/mo. A 2-bedroom rents for a median of $2,270/mo.
At 19% of local median household income ($121,102/yr), ZIP 85234 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.
Frequently asked questions
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How does ZIP 85234 compare to other ZIPs in Arizona?
How does ZIP 85234 compare to the rest of Gilbert?
At $1,883/mo, rent takes ~19% of ZIP 85234's median household income ($121,102/yr). The standard benchmark is 30%.
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