RentDataNowRentDataNow
ZIP Code · CA

ZIP 94703

Part of Berkeley, CA
Pop. 20,934·Alameda County·512th most expensive ZIP in California
Median rent (all units)
$2,696/mo
Year-over-Year
+2.5%
Month-over-Month
+2.3%
vs US Median
+$731
Rising (Monthly)
Be the first to discuss 94703 rents ↓
Most AffordableMost Expensive
ZIP 94703 · $2,696
More expensive than 84% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$2,040
1 BR
$2,280
2 BR
$2,780
3 BR
$3,550
4 BR+
$4,210
Research median
$2,780/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$32,352/yr
At $2,696/mo median
Location
StateCA
CountyAlameda County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 2.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+2.5% YoY, +2.3% MoM), not inventory.
Demographics

Who lives here

ZIP 94703 (Berkeley, CA) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 72.1% of residents hold a bachelor's degree or higher.

Population
20,934
Median income
$109,881
Median age
37
Renters
59.2%
Age distribution
15.6%
32.2%
27%
15.2%
Under 1815.6%
18–3432.2%
35–5427%
55–6410%
65+15.2%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
51%
13.6%
14.2%
16%
White51%
Black13.6%
Hispanic14.2%
Asian16%
Other5.1%
Education (25+)
16.8%
72.1%
No HS diploma4.9%
HS diploma6.1%
Some college16.8%
Bachelor's+72.1%
Housing tenure
40.8%
59.2%
Owner40.8%
Renter59.2%

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

2021 vs 2026

How ZIP 94703 in Berkeley, CA has changed in 5 years

Rent
$2,295 → $2,696
up 17.5%
Income
$95,125 → $109,881
up 15.5%
Population
19,857 → 20,934
up 5.4%
Renter share
60.9% → 59.2%
-1.7 pts
Bachelor's+
69.9% → 72.1%
+2.2 pts
Median age
35.7 → 37
+1.3 yrs

Since 2021, the typical rent in ZIP 94703 in Berkeley, CA has climbed from $2,295 to $2,696, a 17.5% change over five years. Median household income rose from $95,125 to $109,881 between 2021 and 2024, a 15.5% shift. The population has grown by 5.4% since 2021, moving from about 19,857 residents to roughly 20,934. Renters now make up 59.2% of households, compared with 60.9% five years ago. College-educated residents now make up 72.1% of adults here, versus 69.9% in 2021. Taken together, the five-year picture in ZIP 94703 in Berkeley, 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 94703

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 94703

About renting in ZIP 94703

Last updated: July 20, 2026

ZIP code 94703 covers Berkeley, CA. The median rent here is $2,696/mo as of July 2026. A 1-bedroom rents for a median of $2,280/mo. A 2-bedroom rents for a median of $2,780/mo.

At 29% of local median household income ($109,881/yr), ZIP 94703 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 94703?

As of July 20, 2026, the median monthly rent in ZIP 94703 (Berkeley, CA) is $2,696. This is based on aggregated data from public sources and community submissions.

How does ZIP 94703 rent compare to the US average?

ZIP 94703's median rent of $2,696/mo is $731 (37%) above the US national median of $1,965/mo.

How does ZIP 94703 compare to other ZIPs in California?

ZIP 94703 falls in the middle range for California, ranking #512 out of 907 ZIPs at $2,696/mo.

How much income do you need to rent in ZIP 94703?

To keep rent at or below 30% of gross income, you would need to earn at least $108,000/year (~$52/hour full-time) to afford the median rent of $2,696/mo in ZIP 94703. The local median household income is $109,881/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 94703?

Rent in ZIP 94703 has increased 2.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 94703 an affordable place to rent?

ZIP 94703 is considered affordable for renters. At $2,696/mo, rent takes approximately 29% of the local median household income ($109,881/yr). The standard benchmark is 30%. ZIP 94703 falls comfortably within that range.

What percentage of ZIP 94703 residents rent vs. own?

According to Census data, approximately 59.2% of ZIP 94703 households are renters, while 40.8% are owner-occupied. With a majority renter population, ZIP 94703 has a strong rental market.

How does ZIP 94703 compare to the rest of Berkeley?

ZIP 94703 is more affordable than Berkeley overall. At $2,696/mo, it's $245 below the Berkeley citywide median of $2,941/mo.

When was rent data for ZIP 94703 last updated?

Rent data for ZIP 94703 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
29%
AFFORDABLE

At $2,696/mo, rent takes ~29% of ZIP 94703's median household income ($109,881/yr). The standard benchmark is 30%.

ZIP 94703 29%Benchmark 30%
State income tax1–13.3%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 94703 (Berkeley, CA)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.