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ZIP Code · CA

ZIP 94704

Part of Berkeley, CA
Pop. 23,788·Alameda County·325th most expensive ZIP in California
Median rent (all units)
$3,052/mo
Year-over-Year
-3.6%
Month-over-Month
-3.7%
vs US Median
+$1,087
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 94704 · $3,052
More expensive than 91% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,960
1 BR
$2,180
2 BR
$2,660
3 BR
$3,400
4 BR+
$4,030
Research median
$2,660/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: July 20, 2026

Annual cost
$36,624/yr
At $3,052/mo median
Location
StateCA
CountyAlameda County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 3.6% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-3.6% YoY, -3.7% MoM), not inventory.
Demographics

Who lives here

ZIP 94704 (Berkeley, CA) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 72.4% of residents hold a bachelor's degree or higher.

Population
23,788
Median income
$50,129
Median age
21.9
Renters
87.6%
Age distribution
76.7%
Under 184.3%
18–3476.7%
35–5410%
55–643.7%
65+5.4%
Gender
45.7%
54.3%
Male45.7%
Female54.3%
Race & ethnicity
38.6%
16.1%
34.5%
White38.6%
Black5.4%
Hispanic16.1%
Asian34.5%
Other5.5%
Education (25+)
19.2%
72.4%
No HS diploma3.5%
HS diploma4.9%
Some college19.2%
Bachelor's+72.4%
Housing tenure
12.4%
87.6%
Owner12.4%
Renter87.6%

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

2021 vs 2026

How ZIP 94704 in Berkeley, CA has changed in 5 years

Rent
$2,753 → $3,052
up 10.9%
Income
$46,913 → $50,129
up 6.9%
Population
25,124 → 23,788
down 5.3%
Renter share
90.4% → 87.6%
-2.8 pts
Bachelor's+
71.6% → 72.4%
+0.8 pts

Rent in ZIP 94704 in Berkeley, CA has increased 10.9% since 2021, going from about $2,753 per month to roughly $3,052 today. Median household income grew from $46,913 to $50,129 between 2021 and 2024, a 6.9% shift. Rent outpaced income growth by roughly 4.0 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 25,124 to 23,788 between 2021 and 2024, a 5.3% change. About 87.6% of households rent today, against 90.4% in 2021. Taken together, the five-year picture in ZIP 94704 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.

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Local insights

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About renting in ZIP 94704

Last updated: July 20, 2026

ZIP code 94704 covers Berkeley, CA. The median rent here is $3,052/mo as of July 2026. A 1-bedroom rents for a median of $2,180/mo. A 2-bedroom rents for a median of $2,660/mo.

At 73% of local median household income ($50,129/yr), ZIP 94704 ranks as expensive compared to the national benchmark of 30%. Rents have decreased 3.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 94704?

As of July 20, 2026, the median monthly rent in ZIP 94704 (Berkeley, CA) is $3,052. This is based on aggregated data from public sources and community submissions.

How does ZIP 94704 rent compare to the US average?

ZIP 94704's median rent of $3,052/mo is $1,087 (55%) above the US national median of $1,965/mo.

How does ZIP 94704 compare to other ZIPs in California?

ZIP 94704 falls in the middle range for California, ranking #325 out of 907 ZIPs at $3,052/mo.

How much income do you need to rent in ZIP 94704?

To keep rent at or below 30% of gross income, you would need to earn at least $122,000/year (~$59/hour full-time) to afford the median rent of $3,052/mo in ZIP 94704. The local median household income is $50,129/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 94704?

Rent in ZIP 94704 has decreased 3.6% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 94704 an affordable place to rent?

ZIP 94704 is considered expensive for renters. At $3,052/mo, rent takes approximately 73% of the local median household income ($50,129/yr). The standard benchmark is 30%. ZIP 94704 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 94704 residents rent vs. own?

According to Census data, approximately 87.6% of ZIP 94704 households are renters, while 12.4% are owner-occupied. With a majority renter population, ZIP 94704 has a strong rental market.

How does ZIP 94704 compare to the rest of Berkeley?

ZIP 94704 is pricier than Berkeley as a whole. At $3,052/mo, it's $111 above the Berkeley citywide median of $2,941/mo.

When was rent data for ZIP 94704 last updated?

Rent data for ZIP 94704 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
73%
EXPENSIVE

At $3,052/mo, rent takes ~73% of ZIP 94704's median household income ($50,129/yr). The standard benchmark is 30%.

ZIP 94704 73%Benchmark 30%
State income tax1–13.3%
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Schools nearby

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