At $1,059/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,059 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Quincy changed +8.2% over the year to September 2026. Across the 94 Illinois cities Zillow tracks, the typical change was +4.0%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($56,480) is $1,412 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,290).
From Zillow's monthly rent index (ZORI) for Quincy. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Quincy, IL has changed in 5 years
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.
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Can you afford rent in Quincy on your salary?
At $1,059/mo, how Quincy rent compares to typical pay (30% rule).
Quincy rent by bedroom count
Median rent for each apartment size in Quincy. Click any size for full breakdown.
Tips for renters in Quincy
Last updated: October 17, 2026
The median rent in Quincy is $1,059/mo as of October 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 23% of local median household income ($56,480/yr), Quincy ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.2% over the past year.
Frequently asked questions
How much income do you need to rent in Quincy?
Is rent going up or down in Quincy?
How does Quincy rent compare to other cities in Illinois?
Which nearby cities are cheaper to rent in than Quincy?
At $1,059/mo, rent takes ~23% of Quincy's median household income ($56,480/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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