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City Report · IL

Quincy

Pop. 39,109·116th most expensive in Illinois·Quincy rents are up 31.5% over the past year
Median rent (all units)
$1,256/mo
Year-over-Year
+31.5%
Month-over-Month
+4.6%
vs US Median
-$709
Rising (Monthly)
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Most AffordableMost Expensive
Quincy · $1,256
More affordable than 90% of US cities · National median $1,965/mo
Affordability
27% of income
AFFORDABLE
0%30% benchmark60%+

At $1,256/mo, rent takes about 27% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$50,000/yr
Local median income
$56,480/yr
Based on the 30%-of-income rule using Quincy's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$650
1 BR
$730
2 BR
$950
3 BR
$1,230
4 BR+
$1,290
Research median
$950/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
$15,072/yr
At $1,256/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 31.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+31.5% YoY, +4.6% MoM), not inventory.
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Demographics

Who lives here

Quincy, IL is majority owner-occupied, has a large retiree population, has a median income below the national average, 27.8% of residents hold a bachelor's degree or higher.

Population
39,109
Median income
$56,480
Median age
39.7
Renters
36.4%
Age distribution
21.5%
22.9%
23.3%
12.1%
20.3%
Under 1821.5%
18–3422.9%
35–5423.3%
55–6412.1%
65+20.3%
Gender
49%
51%
Male49%
Female51%
Race & ethnicity
86.7%
White86.7%
Black4.2%
Hispanic2.5%
Asian1%
Other5.6%
Education (25+)
32.6%
32.1%
27.8%
No HS diploma7.5%
HS diploma32.6%
Some college32.1%
Bachelor's+27.8%
Housing tenure
63.6%
36.4%
Owner63.6%
Renter36.4%

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

2021 vs 2026

How Quincy, IL has changed in 5 years

Income
$50,857 → $56,480
up 11.1%
Population
39,687 → 39,109
down 1.5%
Renter share
36.4% → 36.4%
+0.0 pts
Bachelor's+
24.5% → 27.8%
+3.3 pts

Median household income climbed from $50,857 to $56,480 between 2021 and 2024, a 11.1% shift. Census counts show Quincy, IL losing about 578 residents over the five-year window, down 1.5% on net. Bachelor's-degree-or-higher attainment moved from 24.5% to 27.8% across the same window.

Community

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View Quincy rent history (2015–2026) →
Salary vs rent

Can you afford rent in Quincy on your salary?

At $1,256/mo, how Quincy rent compares to typical pay (30% rule).

By apartment size

Quincy rent by bedroom count

Median rent for each apartment size in Quincy. Click any size for full breakdown.

Local insights

Tips for renters in Quincy

About renting in Quincy, IL

Last updated: July 20, 2026

The median rent in Quincy is $1,256/mo as of July 2026. A studio apartment averages $650/mo while a 2-bedroom runs $950/mo. One-bedroom apartments average $730/mo and 3-bedroom units go for $1,230/mo.

At 27% of local median household income ($56,480/yr), Quincy ranks as affordable compared to the national benchmark of 30%. Rents have increased 31.5% over the past year.

FAQ

Frequently asked questions

Is Quincy an affordable city for renters?

Quincy is considered affordable for renters. At $1,256/mo, rent takes approximately 27% of the local median household income ($56,480/yr). The standard benchmark is 30%. Quincy falls comfortably within that range.

How much income do you need to rent in Quincy?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,256/mo in Quincy. The local median household income is $56,480/yr, meaning the typical Quincy household meets that threshold.

Is rent going up or down in Quincy?

Rent in Quincy has increased 31.5% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Quincy rent compare to other cities in Illinois?

Quincy is one of the more affordable cities in Illinois for rent, ranking #116 out of 142 tracked cities at $1,256/mo.

Which nearby cities are cheaper to rent in than Quincy?

Several nearby cities have lower median rents than Quincy ($1,256/mo): Kirksville ($716/mo), Macomb ($919/mo), Burlington ($983/mo).

What percentage of Quincy residents rent vs. own?

According to Census data, approximately 36.4% of Quincy households are renters, while 63.6% are owner-occupied. Quincy leans toward homeownership, which can mean a smaller rental inventory.

How does Quincy rent compare to the national average?

Quincy's median rent of $1,256/mo is $709 (36%) below the US national median of $1,965/mo. Within Illinois, it ranks #116 out of 142 tracked cities.
Income Affordability
27%
AFFORDABLE

At $1,256/mo, rent takes ~27% of Quincy's median household income ($56,480/yr). The standard benchmark is 30%.

Quincy 27%Benchmark 30%
State income tax4.95%
Run the Quincy affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Quincy, IL

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