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ZIP Code · IL

ZIP 61554

Part of Pekin, IL
Pop. 40,577·Tazewell County·227th most expensive ZIP in Illinois
Median rent (all units)
$843/mo
Year-over-Year
Stable
Month-over-Month
-9.3%
vs US Median
-$1,122
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 61554 · $843
More affordable than 100% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$700
1 BR
$760
2 BR
$960
3 BR
$1,240
4 BR+
$1,340
Research median
$960/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
$10,116/yr
At $843/mo median
Location
CityPekin
StateIL
CountyTazewell County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -9.3% MoM), not inventory.
Demographics

Who lives here

ZIP 61554 (Pekin, IL) is majority owner-occupied, has a median income below the national average, 19.1% of residents hold a bachelor's degree or higher.

Population
40,577
Median income
$65,194
Median age
42.6
Renters
27.1%
Age distribution
19.4%
21.1%
24.9%
14.9%
19.7%
Under 1819.4%
18–3421.1%
35–5424.9%
55–6414.9%
65+19.7%
Gender
51.4%
48.6%
Male51.4%
Female48.6%
Race & ethnicity
91.7%
White91.7%
Black2.8%
Hispanic3.1%
Asian0.6%
Other1.8%
Education (25+)
36.5%
35.7%
19.1%
No HS diploma8.7%
HS diploma36.5%
Some college35.7%
Bachelor's+19.1%
Housing tenure
72.9%
27.1%
Owner72.9%
Renter27.1%

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

2021 vs 2026

How ZIP 61554 in Pekin, IL has changed in 5 years

Income
$54,770 → $65,194
up 19.0%
Population
41,057 → 40,577
down 1.2%
Renter share
28.3% → 27.1%
-1.2 pts
Bachelor's+
19.7% → 19.1%
-0.6 pts

On the earnings side, the typical household in ZIP 61554 in Pekin, IL now reports about $65,194, up from $54,770 in 2021. The population has contracted by 1.2% since 2021, moving from about 41,057 residents to roughly 40,577.

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Local insights

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About renting in ZIP 61554

Last updated: July 20, 2026

ZIP code 61554 covers Pekin, IL. The median rent here is $843/mo as of July 2026. A 1-bedroom rents for a median of $760/mo. A 2-bedroom rents for a median of $960/mo.

At 16% of local median household income ($65,194/yr), ZIP 61554 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 61554?

As of July 20, 2026, the median monthly rent in ZIP 61554 (Pekin, IL) is $843. This is based on aggregated data from public sources and community submissions.

How does ZIP 61554 rent compare to the US average?

ZIP 61554's median rent of $843/mo is $1,122 (57%) below the US national median of $1,965/mo.

How does ZIP 61554 compare to other ZIPs in Illinois?

ZIP 61554 is among the more affordable ZIP codes in Illinois, ranking #227 out of 230 ZIPs at $843/mo.

How much income do you need to rent in ZIP 61554?

To keep rent at or below 30% of gross income, you would need to earn at least $34,000/year (~$16/hour full-time) to afford the median rent of $843/mo in ZIP 61554. The local median household income is $65,194/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 61554?

Rent in ZIP 61554 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 61554 an affordable place to rent?

ZIP 61554 is considered very affordable for renters. At $843/mo, rent takes approximately 16% of the local median household income ($65,194/yr). The standard benchmark is 30%. ZIP 61554 falls comfortably within that range.

What percentage of ZIP 61554 residents rent vs. own?

According to Census data, approximately 27.1% of ZIP 61554 households are renters, while 72.9% are owner-occupied. ZIP 61554 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 61554 compare to the rest of Pekin?

ZIP 61554 sits right at the Pekin citywide median of $843/mo.

When was rent data for ZIP 61554 last updated?

Rent data for ZIP 61554 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
16%
VERY AFFORDABLE

At $843/mo, rent takes ~16% of ZIP 61554's median household income ($65,194/yr). The standard benchmark is 30%.

ZIP 61554 16%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 61554 (Pekin, IL)

Recent submissions

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