ZIP Code · AZ

ZIP 85295

Part of Gilbert, AZ
Pop. 56,744·Maricopa County·62nd most expensive ZIP in Arizona
Median rent (all units)
$1,903/mo
Year-over-Year
+1.6%
Month-over-Month
+0.4%
vs US Median
-$29
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 85295 · $1,903
More expensive than 56% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,820
1 BR
$1,980
2 BR
$2,300
3 BR
$3,070
4 BR+
$3,400
Research median
$2,300/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

Cheapest month to sign

December. Asking rents in ZIP 85295 usually run 0.8% below trend in December and 0.7% above it in July, about $29 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 85295 is 0.8% below its high of $1,919 in March 2023, at $1,903 as of September 2026.

Past year vs. the rest of Arizona

Rent in ZIP 85295 changed +1.5% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 85295 rose 38.1% while median household income rose 21.5% ($97,472 to $118,467). Rent outpaced income.

Since before the pandemic

Rent in ZIP 85295 is 32.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($118,467) is $2,962 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,300); a 3-bedroom is $3,070.

Rank in Gilbert

2nd cheapest of 6 ZIP codes in Gilbert.

Cheaper nearby

ZIP 85206, 7 miles away, rents for 11% less ($1,697/mo), about $2,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 85295. 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.

Annual cost
$22,836/yr
At $1,903/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (1.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+1.6% YoY, +0.4% MoM), not inventory.
Demographics

Who lives here

ZIP 85295 (Gilbert, AZ) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 48.6% of residents hold a bachelor's degree or higher.

Population
56,744
Median income
$118,467
Median age
31.9
Renters
37.5%
Age distribution
29.2%
24.9%
30%
Under 1829.2%
18–3424.9%
35–5430%
55–649.1%
65+6.8%
Gender
48.9%
51.1%
Male48.9%
Female51.1%
Race & ethnicity
69.6%
20.4%
White69.6%
Black4%
Hispanic20.4%
Asian5.8%
Education (25+)
14.6%
33.1%
48.6%
No HS diploma3.8%
HS diploma14.6%
Some college33.1%
Bachelor's+48.6%
Housing tenure
62.5%
37.5%
Owner62.5%
Renter37.5%

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

2021 vs 2026

How ZIP 85295 in Gilbert, AZ has changed in 5 years

Rent
$1,640 → $1,903
up 16.0%
Income
$106,389 → $118,467
up 11.4%
Population
51,813 → 56,744
up 9.5%
Renter share
33.3% → 37.5%
+4.2 pts
Bachelor's+
51% → 48.6%
-2.4 pts

Across the past five years, the going rent in ZIP 85295 in Gilbert, AZ has shifted from $1,640 to $1,903, up 16.0% since 2021. On the earnings side, the typical household in ZIP 85295 in Gilbert, AZ now reports about $118,467, up from $106,389 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 85295 in Gilbert, AZ adding about 4,931 residents over the five-year window, up 9.5% on net. The renter share has risen from 33.3% to 37.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 51% to 48.6% across the same window. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 85295 in Gilbert, AZ reflects that arc in its own way.

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About renting in ZIP 85295

Last updated: October 17, 2026

ZIP code 85295 covers Gilbert, AZ. The median rent here is $1,903/mo as of October 2026. A 1-bedroom rents for a median of $1,980/mo. A 2-bedroom rents for a median of $2,300/mo.

At 19% of local median household income ($118,467/yr), ZIP 85295 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 85295?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (about $37/hour full-time) to afford the median rent of $1,903/mo in ZIP 85295. The local median household income is $118,467/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 85295?

Rent in ZIP 85295 has risen 1.6% over the past year as of September 2026. It sits 0.8% below its high of $1,919 in March 2023.

When is the cheapest time to rent in ZIP 85295?

Asking rents in ZIP 85295 are usually lowest in December, about 0.8% below their yearly trend, and highest in July, about 0.7% above it. At today's median that is a gap of roughly $29 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 85295?

Yes. From 2019 to 2024, rent in ZIP 85295 rose 38.1% while median household income rose 21.5%, from $97,472 to $118,467. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 85295 compare to other ZIPs in Arizona?

ZIP 85295 is in the middle among Arizona ZIP codes for rent, ranking #62 of 183 at $1,903/mo. Over the year to September 2026, rent in ZIP 85295 changed +1.5%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.

How does ZIP 85295 compare to the rest of Gilbert?

At $1,903/mo, ZIP 85295 is $176 below the Gilbert citywide median of $2,079/mo. It is the 2nd cheapest of 6 ZIP codes in Gilbert.
Income Affordability
19%
VERY AFFORDABLE

At $1,903/mo, rent takes ~19% of ZIP 85295's median household income ($118,467/yr). The standard benchmark is 30%.

ZIP 85295 19%Benchmark 30%
State income tax2.5%
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Schools nearby

Public schools near ZIP 85295 (Gilbert, AZ)

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