ZIP Code · CA

ZIP 94588

Part of Pleasanton, CA

Pop. 34,328·Alameda County·332nd most expensive ZIP in California

Median rent (all units)

$3,008/mo

Year-over-Year

+7.4%

Month-over-Month

+0.8%

vs US Median

+$1,076

Reported rents

Rising (Monthly)

Be the first to discuss 94588 rents ↓

Most AffordableMost Expensive

ZIP 94588 · $3,008

More expensive than 91% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$2,860

1 BR

$3,190

2 BR

$3,890

3 BR

$4,970

4 BR+

$5,900

Research median

$3,890/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 94588 usually run 1.5% below trend in December and 1.6% above it in July, about $93 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 94588 is at its highest level since Zillow's records here began in December 2020.

Past year vs. the rest of California

Rent in ZIP 94588 changed +7.4% 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 9 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($191,073) is $4,777 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($3,890); a 3-bedroom is $4,970.

From Zillow's monthly rent index (ZORI) for ZIP 94588. 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

$36,096/yr

At $3,008/mo median

Location

CityPleasanton

StateCA

CountyAlameda County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 7.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+7.4% YoY, +0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 94588 (Pleasanton, CA) is majority owner-occupied, has a median income above the national average, 70.9% of residents hold a bachelor's degree or higher.

Population

34,328

Median income

$191,073

Median age

41.3

Renters

36.9%

Age distribution

22.6%

16.9%

31.3%

13.3%

15.8%

Under 1822.6%

18–3416.9%

35–5431.3%

55–6413.3%

65+15.8%

Gender

50.7%

49.3%

Male50.7%

Female49.3%

Race & ethnicity

33.6%

12.6%

48.6%

White33.6%

Black2.8%

Hispanic12.6%

Asian48.6%

Other2.4%

Education (25+)

17.6%

70.9%

No HS diploma2.9%

HS diploma8.5%

Some college17.6%

Bachelor's+70.9%

Housing tenure

63.1%

36.9%

Owner63.1%

Renter36.9%

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

2021 vs 2026

How ZIP 94588 in Pleasanton, CA has changed in 5 years

Rent

$2,479 → $3,008

up 21.3%

Income

$162,286 → $191,073

up 17.7%

Population

35,532 → 34,328

down 3.4%

Renter share

35.2% → 36.9%

+1.7 pts

Bachelor's+

65.8% → 70.9%

+5.1 pts

Median age

38.6 → 41.3

+2.7 yrs

Rent in ZIP 94588 in Pleasanton, CA has climbed 21.3% since 2021, going from about $2,479 per month to roughly $3,008 today. Median household income grew from $162,286 to $191,073 between 2021 and 2024, a 17.7% shift. Rent outpaced income growth by roughly 3.6 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 35,532 to 34,328 between 2021 and 2024, a 3.4% change. About 36.9% of households rent today, against 35.2% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 65.8% to 70.9%. Taken together, the five-year picture in ZIP 94588 in Pleasanton, 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.

Community

Discussions about ZIP 94588

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 94588

About renting in ZIP 94588

Last updated: October 17, 2026

ZIP code 94588 covers Pleasanton, CA. The median rent here is $3,008/mo as of October 2026. A 1-bedroom rents for a median of $3,190/mo. A 2-bedroom rents for a median of $3,890/mo.

At 19% of local median household income ($191,073/yr), ZIP 94588 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.4% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 94588?

To keep rent at or below 30% of gross income, you would need to earn at least $120,000/year (about $58/hour full-time) to afford the median rent of $3,008/mo in ZIP 94588. The local median household income is $191,073/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 94588?

Rent in ZIP 94588 has risen 7.4% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2020.

When is the cheapest time to rent in ZIP 94588?

Asking rents in ZIP 94588 are usually lowest in December, about 1.5% below their yearly trend, and highest in July, about 1.6% above it. At today's median that is a gap of roughly $93 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 94588 compare to other ZIPs in California?

ZIP 94588 is in the middle among California ZIP codes for rent, ranking #332 of 898 at $3,008/mo. Over the year to September 2026, rent in ZIP 94588 changed +7.4%, against a typical +3.2% across the 819 California ZIP codes Zillow tracks.