ZIP Code · CA

ZIP 92203

Part of Indio, CA

Pop. 34,735·Riverside County·631st most expensive ZIP in California

Median rent (all units)

$2,452/mo

Year-over-Year

+9.5%

Month-over-Month

+0.9%

vs US Median

+$520

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 92203 · $2,452

More expensive than 79% 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

$1,820

1 BR

$1,910

2 BR

$2,370

3 BR

$3,140

4 BR+

$3,780

Research median

$2,370/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 92203 is at its highest level since Zillow's records here began in August 2022.

Past year vs. the rest of California

Rent in ZIP 92203 changed +9.5% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($97,311) is $2,433 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,370); a 3-bedroom is $3,140.

From Zillow's monthly rent index (ZORI) for ZIP 92203. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$29,424/yr

At $2,452/mo median

Location

CityIndio

StateCA

CountyRiverside County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.5% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.5% YoY, +0.9% MoM), not inventory.

Demographics

Who lives here

ZIP 92203 (Indio, CA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 33.3% of residents hold a bachelor's degree or higher.

Population

34,735

Median income

$97,311

Median age

41.4

Renters

20.2%

Age distribution

25%

15.9%

26.4%

22.9%

Under 1825%

18–3415.9%

35–5426.4%

55–649.7%

65+22.9%

Gender

47.2%

52.8%

Male47.2%

Female52.8%

Race & ethnicity

48.4%

50%

White48.4%

Black2.2%

Hispanic50%

Asian2.7%

Education (25+)

21.7%

33.1%

33.3%

No HS diploma11.9%

HS diploma21.7%

Some college33.1%

Bachelor's+33.3%

Housing tenure

79.8%

20.2%

Owner79.8%

Renter20.2%

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

2023 vs 2026

How ZIP 92203 in Indio, CA has changed in 5 years

Rent

$1,947 → $2,452

up 25.9%

Income

$80,430 → $97,311

up 21.0%

Population

32,829 → 34,735

up 5.8%

Renter share

19% → 20.2%

+1.2 pts

Bachelor's+

29.1% → 33.3%

+4.2 pts

Median age

42.2 → 41.4

-0.8 yrs

The median rent in ZIP 92203 in Indio, CA stood at $1,947 in 2023 and currently runs about $2,452, reflecting a 25.9% increase over the period. Median household income rose from $80,430 to $97,311 between 2021 and 2024, a 21.0% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 5.8% since 2021, moving from about 32,829 residents to roughly 34,735. College-educated residents now make up 33.3% of adults here, versus 29.1% in 2021. Taken together, the five-year picture in ZIP 92203 in Indio, CA 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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About renting in ZIP 92203

Last updated: October 17, 2026

ZIP code 92203 covers Indio, CA. The median rent here is $2,452/mo as of October 2026. A 1-bedroom rents for a median of $1,910/mo. A 2-bedroom rents for a median of $2,370/mo.

At 30% of local median household income ($97,311/yr), ZIP 92203 ranks as moderate compared to the national benchmark of 30%. Rents have increased 9.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 92203?

To keep rent at or below 30% of gross income, you would need to earn at least $98,000/year (about $47/hour full-time) to afford the median rent of $2,452/mo in ZIP 92203. The local median household income is $97,311/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 92203?

Rent in ZIP 92203 has risen 9.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in August 2022.

How does ZIP 92203 compare to other ZIPs in California?

ZIP 92203 is one of the more affordable among California ZIP codes for rent, ranking #631 of 898 at $2,452/mo. Over the year to September 2026, rent in ZIP 92203 changed +9.5%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.