ZIP Code · CA

ZIP 93551

Part of Palmdale, CA

Pop. 54,360·Los Angeles County·264th most expensive ZIP in California

Median rent (all units)

$3,242/mo

Year-over-Year

+4.1%

Month-over-Month

+1.5%

vs US Median

+$1,310

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 93551 · $3,242

More expensive than 93% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$2,140

1 BR

$2,400

2 BR

$2,990

3 BR

$3,790

4 BR+

$4,220

Research median

$2,990/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

November. Asking rents in ZIP 93551 usually run 1.5% below trend in November and 2% above it in March, about $113 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 93551 is 0.5% below its high of $3,259 in February 2025, at $3,242 as of September 2026.

Past year vs. the rest of California

Rent in ZIP 93551 changed +4.1% 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 7 of the last 12 months.

What a typical income covers

30% of the median household income ($119,801) is $2,995 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,990); a 3-bedroom is $3,790.

Cheaper nearby

ZIP 93534, 9 miles away, rents for 41% less ($1,916/mo), about $15,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 93551. 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

$38,904/yr

At $3,242/mo median

Location

CityPalmdale

StateCA

CountyLos Angeles County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.1% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.1% YoY, +1.5% MoM), not inventory.

Demographics

Who lives here

ZIP 93551 (Palmdale, CA) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 30.7% of residents hold a bachelor's degree or higher.

Population

54,360

Median income

$119,801

Median age

37.3

Renters

21.2%

Age distribution

26.7%

19.3%

25.1%

15.3%

13.6%

Under 1826.7%

18–3419.3%

35–5425.1%

55–6415.3%

65+13.6%

Gender

50.6%

49.4%

Male50.6%

Female49.4%

Race & ethnicity

38%

45.2%

White38%

Black10.5%

Hispanic45.2%

Asian9.3%

Education (25+)

12%

23.4%

33.8%

30.7%

No HS diploma12%

HS diploma23.4%

Some college33.8%

Bachelor's+30.7%

Housing tenure

78.8%

21.2%

Owner78.8%

Renter21.2%

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

2022 vs 2026

How ZIP 93551 in Palmdale, CA has changed in 5 years

Rent

$2,797 → $3,242

up 15.9%

Income

$98,181 → $119,801

up 22.0%

Population

54,808 → 54,360

down 0.8%

Renter share

23.5% → 21.2%

-2.3 pts

Bachelor's+

27.6% → 30.7%

+3.1 pts

Rent in ZIP 93551 in Palmdale, CA has increased 15.9% since 2022, going from about $2,797 per month to roughly $3,242 today. Local incomes tracked alongside that move, going from a median of $98,181 in 2021 to $119,801 more recently. Income growth outran rent by about 6.1 percentage points, easing the affordability math somewhat compared with 2021. About 21.2% of households rent today, against 23.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 27.6% to 30.7%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 93551 in Palmdale, CA market of 2022.

Community

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About renting in ZIP 93551

Last updated: October 17, 2026

ZIP code 93551 covers Palmdale, CA. The median rent here is $3,242/mo as of October 2026. A 1-bedroom rents for a median of $2,400/mo. A 2-bedroom rents for a median of $2,990/mo.

At 32% of local median household income ($119,801/yr), ZIP 93551 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 93551?

To keep rent at or below 30% of gross income, you would need to earn at least $130,000/year (about $63/hour full-time) to afford the median rent of $3,242/mo in ZIP 93551. The local median household income is $119,801/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 93551?

Rent in ZIP 93551 has risen 4.1% over the past year as of September 2026. It sits 0.5% below its high of $3,259 in February 2025.

When is the cheapest time to rent in ZIP 93551?

Asking rents in ZIP 93551 are usually lowest in November, about 1.5% below their yearly trend, and highest in March, about 2% above it. At today's median that is a gap of roughly $113 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 93551 compare to other ZIPs in California?

ZIP 93551 is one of the pricier among California ZIP codes for rent, ranking #264 of 898 at $3,242/mo. Over the year to September 2026, rent in ZIP 93551 changed +4.1%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.