ZIP Code · CA

ZIP 93420

Part of Arroyo Grande, CA

Pop. 31,345·San Luis Obispo County·326th most expensive ZIP in California

Median rent (all units)

$3,026/mo

Year-over-Year

Stable

Month-over-Month

+2.7%

vs US Median

+$1,094

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 93420 · $3,026

More expensive than 91% 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

$1,860

1 BR

$2,060

2 BR

$2,700

3 BR

$3,620

4 BR+

$4,150

Research median

$2,700/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

What a typical income covers

30% of the median household income ($110,553) is $2,764 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,700); a 3-bedroom is $3,620.

Cheaper nearby

ZIP 93433, 9 miles away, rents for 12% less ($2,672/mo), about $4,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 93420. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$36,312/yr

At $3,026/mo median

Location

CityArroyo Grande

StateCA

CountySan Luis Obispo County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +2.7% MoM), not inventory.

Demographics

Who lives here

ZIP 93420 (Arroyo Grande, CA) is majority owner-occupied, has a large retiree population, has a median income above the national average, 44.1% of residents hold a bachelor's degree or higher.

Population

31,345

Median income

$110,553

Median age

48.2

Renters

33.6%

Age distribution

19.7%

16.3%

21.3%

14.3%

28.5%

Under 1819.7%

18–3416.3%

35–5421.3%

55–6414.3%

65+28.5%

Gender

47.2%

52.8%

Male47.2%

Female52.8%

Race & ethnicity

69.8%

21.3%

White69.8%

Black0.5%

Hispanic21.3%

Asian3.6%

Other4.8%

Education (25+)

16.8%

34.4%

44.1%

No HS diploma4.7%

HS diploma16.8%

Some college34.4%

Bachelor's+44.1%

Housing tenure

66.4%

33.6%

Owner66.4%

Renter33.6%

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

2021 vs 2026

How ZIP 93420 in Arroyo Grande, CA has changed in 5 years

Income

$94,315 → $110,553

up 17.2%

Population

31,864 → 31,345

down 1.6%

Renter share

29.8% → 33.6%

+3.8 pts

Bachelor's+

39.8% → 44.1%

+4.3 pts

Median age

47 → 48.2

+1.2 yrs

Household income in the area moved from $94,315 to $110,553 across the same window, up 17.2% versus 2021. Headcount in the area went from 31,864 to 31,345 between 2021 and 2024, a 1.6% change. About 33.6% of households rent today, against 29.8% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 39.8% to 44.1%.

Community

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Local insights

Tips for renters in ZIP 93420

About renting in ZIP 93420

Last updated: October 17, 2026

ZIP code 93420 covers Arroyo Grande, CA. The median rent here is $3,026/mo as of October 2026. A 1-bedroom rents for a median of $2,060/mo. A 2-bedroom rents for a median of $2,700/mo.

At 33% of local median household income ($110,553/yr), ZIP 93420 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 93420?

To keep rent at or below 30% of gross income, you would need to earn at least $121,000/year (about $58/hour full-time) to afford the median rent of $3,026/mo in ZIP 93420. The local median household income is $110,553/yr, so the typical household falls short of that bar.