ZIP 92503
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12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in ZIP 92503 usually run 0.5% below trend in December and 0.5% above it in July, about $24 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 92503 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 92503 changed +3.4% over the year to September 2026. Across the 819 California ZIP codes Zillow tracks, the typical change was +3.2%.
From 2019 to 2024, rent in ZIP 92503 rose 42.8% while median household income rose 34.6% ($71,542 to $96,268). Rent outpaced income.
Rent in ZIP 92503 is 47% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($96,268) is $2,407 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,400); a 3-bedroom is $3,180.
4th cheapest of 7 ZIP codes in Riverside.
From Zillow's monthly rent index (ZORI) for ZIP 92503. 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 92503 (Riverside, CA) is majority owner-occupied, has a median income above the national average, 21.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 92503 in Riverside, CA has changed in 5 years
Compared with 2021, rent in ZIP 92503 in Riverside, CA has climbed by $534 per month, settling near $2,388 after starting the period at $1,854. Median household income grew from $80,594 to $96,268 between 2021 and 2024, a 19.4% shift. Rent outpaced income growth by roughly 9.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 90,256 to 88,395 between 2021 and 2024, a 2.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 18.4% to 21.3%. Taken together, the five-year picture in ZIP 92503 in Riverside, 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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Tips for renters in ZIP 92503
Last updated: October 17, 2026
ZIP code 92503 covers Riverside, CA. The median rent here is $2,388/mo as of October 2026. A 1-bedroom rents for a median of $1,940/mo. A 2-bedroom rents for a median of $2,400/mo.
At 30% of local median household income ($96,268/yr), ZIP 92503 ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.
Frequently asked questions
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How does ZIP 92503 compare to the rest of Riverside?
At $2,388/mo, rent takes ~30% of ZIP 92503's median household income ($96,268/yr). The standard benchmark is 30%.
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