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ZIP Code · AZ

ZIP 85234

Part of Gilbert, AZ
Pop. 51,283·Maricopa County·75th most expensive ZIP in Arizona
Median rent (all units)
$1,823/mo
Year-over-Year
+1.3%
Month-over-Month
-1.4%
vs US Median
-$142
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 85234 · $1,823
More expensive than 50% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,800
1 BR
$1,950
2 BR
$2,270
3 BR
$3,030
4 BR+
$3,360
Research median
$2,270/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
$21,876/yr
At $1,823/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.3% YoY, -1.4% MoM), not inventory.
Demographics

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.

Population
51,283
Median income
$121,102
Median age
36.1
Renters
24.4%
Age distribution
25.5%
22.8%
28.5%
Under 1825.5%
18–3422.8%
35–5428.5%
55–6411.4%
65+11.8%
Gender
51.8%
48.2%
Male51.8%
Female48.2%
Race & ethnicity
73.4%
19.6%
White73.4%
Black2.4%
Hispanic19.6%
Asian5.2%
Education (25+)
18.2%
29.8%
47.5%
No HS diploma4.5%
HS diploma18.2%
Some college29.8%
Bachelor's+47.5%
Housing tenure
75.6%
24.4%
Owner75.6%
Renter24.4%

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

2021 vs 2026

How ZIP 85234 in Gilbert, AZ has changed in 5 years

Rent
$1,559 → $1,823
up 16.9%
Income
$98,338 → $121,102
up 23.1%
Population
50,328 → 51,283
up 1.9%
Renter share
28% → 24.4%
-3.6 pts
Bachelor's+
43.8% → 47.5%
+3.7 pts

Since 2021, the typical rent in ZIP 85234 in Gilbert, AZ has increased from $1,559 to $1,823, a 16.9% 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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Local insights

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About renting in ZIP 85234

Last updated: July 20, 2026

ZIP code 85234 covers Gilbert, AZ. The median rent here is $1,823/mo as of July 2026. A 1-bedroom rents for a median of $1,950/mo. A 2-bedroom rents for a median of $2,270/mo.

At 18% of local median household income ($121,102/yr), ZIP 85234 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 is rent in ZIP code 85234?

As of July 20, 2026, the median monthly rent in ZIP 85234 (Gilbert, AZ) is $1,823. This is based on aggregated data from public sources and community submissions.

How does ZIP 85234 rent compare to the US average?

ZIP 85234's median rent of $1,823/mo is $142 (7%) below the US national median of $1,965/mo.

How does ZIP 85234 compare to other ZIPs in Arizona?

ZIP 85234 falls in the middle range for Arizona, ranking #75 out of 185 ZIPs at $1,823/mo.

How much income do you need to rent in ZIP 85234?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,823/mo in ZIP 85234. The local median household income is $121,102/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85234?

Rent in ZIP 85234 has increased 1.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 85234 an affordable place to rent?

ZIP 85234 is considered very affordable for renters. At $1,823/mo, rent takes approximately 18% of the local median household income ($121,102/yr). The standard benchmark is 30%. ZIP 85234 falls comfortably within that range.

What percentage of ZIP 85234 residents rent vs. own?

According to Census data, approximately 24.4% of ZIP 85234 households are renters, while 75.6% are owner-occupied. ZIP 85234 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 85234 compare to the rest of Gilbert?

ZIP 85234 is more affordable than Gilbert overall. At $1,823/mo, it's $196 below the Gilbert citywide median of $2,019/mo.

When was rent data for ZIP 85234 last updated?

Rent data for ZIP 85234 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,823/mo, rent takes ~18% of ZIP 85234's median household income ($121,102/yr). The standard benchmark is 30%.

ZIP 85234 18%Benchmark 30%
State income tax2.5%
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Schools nearby

Public schools near ZIP 85234 (Gilbert, AZ)

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