ZIP Code · CA

ZIP 92584

Part of Menifee, CA
Pop. 61,366·Riverside County·297th most expensive ZIP in California
Median rent (all units)
$3,135/mo
Year-over-Year
+4.2%
Month-over-Month
+0.1%
vs US Median
+$1,203
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 92584 · $3,135
More expensive than 92% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$2,310
1 BR
$2,420
2 BR
$3,000
3 BR
$3,970
4 BR+
$4,790
Research median
$3,000/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 92584 usually run 1.7% below trend in December and 1.6% above it in August, about $103 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 92584 is at its highest level since Zillow's records here began in March 2021.

Past year vs. the rest of California

Rent in ZIP 92584 changed +4.2% 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 8 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($113,767) is $2,844 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,420); a 2-bedroom is $3,000.

Rank in Menifee

3rd cheapest of 3 ZIP codes in Menifee.

Cheaper nearby

ZIP 92586, 4 miles away, rents for 21% less ($2,474/mo), about $7,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 92584. 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
$37,620/yr
At $3,135/mo median
Location
StateCA
CountyRiverside County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.2% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 92584 (Menifee, CA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 27.7% of residents hold a bachelor's degree or higher.

Population
61,366
Median income
$113,767
Median age
35.6
Renters
14.7%
Age distribution
26.2%
23.2%
26.8%
12.4%
Under 1826.2%
18–3423.2%
35–5426.8%
55–6411.6%
65+12.4%
Gender
47.4%
52.6%
Male47.4%
Female52.6%
Race & ethnicity
48%
38.6%
White48%
Black8.6%
Hispanic38.6%
Asian8%
Education (25+)
20.8%
43.1%
27.7%
No HS diploma8.4%
HS diploma20.8%
Some college43.1%
Bachelor's+27.7%
Housing tenure
85.3%
14.7%
Owner85.3%
Renter14.7%

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

2021 vs 2026

How ZIP 92584 in Menifee, CA has changed in 5 years

Rent
$2,398 → $3,135
up 30.7%
Income
$103,842 → $113,767
up 9.6%
Population
54,837 → 61,366
up 11.9%
Renter share
19.2% → 14.7%
-4.5 pts
Bachelor's+
25.7% → 27.7%
+2.0 pts
Median age
33.2 → 35.6
+2.4 yrs

The median rent in ZIP 92584 in Menifee, CA stood at $2,398 in 2021 and currently runs about $3,135, reflecting a 30.7% increase over the period. On the earnings side, the typical household in ZIP 92584 in Menifee, CA now reports about $113,767, up from $103,842 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 11.9% since 2021, moving from about 54,837 residents to roughly 61,366. Renters now make up 14.7% of households, compared with 19.2% five years ago. College-educated residents now make up 27.7% of adults here, versus 25.7% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 92584 in Menifee, CA reflects that arc in its own way.

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About renting in ZIP 92584

Last updated: October 17, 2026

ZIP code 92584 covers Menifee, CA. The median rent here is $3,135/mo as of October 2026. A 1-bedroom rents for a median of $2,420/mo. A 2-bedroom rents for a median of $3,000/mo.

At 33% of local median household income ($113,767/yr), ZIP 92584 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 92584?

To keep rent at or below 30% of gross income, you would need to earn at least $125,000/year (about $60/hour full-time) to afford the median rent of $3,135/mo in ZIP 92584. The local median household income is $113,767/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 92584?

Rent in ZIP 92584 has risen 4.2% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2021.

When is the cheapest time to rent in ZIP 92584?

Asking rents in ZIP 92584 are usually lowest in December, about 1.7% below their yearly trend, and highest in August, about 1.6% above it. At today's median that is a gap of roughly $103 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 92584 compare to other ZIPs in California?

ZIP 92584 is one of the pricier among California ZIP codes for rent, ranking #297 of 898 at $3,135/mo. Over the year to September 2026, rent in ZIP 92584 changed +4.2%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.

How does ZIP 92584 compare to the rest of Menifee?

At $3,135/mo, ZIP 92584 is $190 above the Menifee citywide median of $2,945/mo. It is the 3rd cheapest of 3 ZIP codes in Menifee.
Income Affordability
33%
MODERATE

At $3,135/mo, rent takes ~33% of ZIP 92584's median household income ($113,767/yr). The standard benchmark is 30%.

ZIP 92584 33%Benchmark 30%
State income tax1–13.3%
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