RentDataNowRentDataNow
ZIP Code · IL

ZIP 61603

Part of Peoria, IL
Pop. 15,356·Peoria County·204th most expensive ZIP in Illinois
Median rent (all units)
$1,184/mo
Year-over-Year
+16.0%
Month-over-Month
-1.6%
vs US Median
-$781
Falling (Monthly)
Be the first to discuss 61603 rents ↓
Most AffordableMost Expensive
ZIP 61603 · $1,184
More affordable than 93% 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
$810
1 BR
$870
2 BR
$1,110
3 BR
$1,440
4 BR+
$1,550
Research median
$1,110/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
$14,208/yr
At $1,184/mo median
Location
CityPeoria
StateIL
CountyPeoria County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 16.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+16.0% YoY, -1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 61603 (Peoria, IL) is roughly split between renters and owners, has a large share of families with children, has a median income below the national average, 14.7% of residents hold a bachelor's degree or higher.

Population
15,356
Median income
$41,618
Median age
34.1
Renters
47.1%
Age distribution
28.8%
22.3%
23.8%
13.9%
Under 1828.8%
18–3422.3%
35–5423.8%
55–6411.2%
65+13.9%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
34.4%
38.7%
13.6%
White34.4%
Black38.7%
Hispanic13.6%
Asian1.5%
Other11.8%
Education (25+)
12%
39.8%
33.4%
14.7%
No HS diploma12%
HS diploma39.8%
Some college33.4%
Bachelor's+14.7%
Housing tenure
52.9%
47.1%
Owner52.9%
Renter47.1%

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

2021 vs 2026

How ZIP 61603 in Peoria, IL has changed in 5 years

Income
$34,589 → $41,618
up 20.3%
Population
15,747 → 15,356
down 2.5%
Renter share
52.3% → 47.1%
-5.2 pts
Bachelor's+
18.1% → 14.7%
-3.4 pts
Median age
36.2 → 34.1
-2.1 yrs

Household income in the area moved from $34,589 to $41,618 across the same window, up 20.3% versus 2021. Census counts show ZIP 61603 in Peoria, IL losing about 391 residents over the five-year window, down 2.5% on net. The renter share has eased from 52.3% to 47.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 18.1% to 14.7% across the same window.

Community

Discussions about ZIP 61603

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 61603

About renting in ZIP 61603

Last updated: July 20, 2026

ZIP code 61603 covers Peoria, IL. The median rent here is $1,184/mo as of July 2026. A 1-bedroom rents for a median of $870/mo. A 2-bedroom rents for a median of $1,110/mo.

At 34% of local median household income ($41,618/yr), ZIP 61603 ranks as moderate compared to the national benchmark of 30%. Rents have increased 16.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 61603?

As of July 20, 2026, the median monthly rent in ZIP 61603 (Peoria, IL) is $1,184. This is based on aggregated data from public sources and community submissions.

How does ZIP 61603 rent compare to the US average?

ZIP 61603's median rent of $1,184/mo is $781 (40%) below the US national median of $1,965/mo.

How does ZIP 61603 compare to other ZIPs in Illinois?

ZIP 61603 is among the more affordable ZIP codes in Illinois, ranking #204 out of 230 ZIPs at $1,184/mo.

How much income do you need to rent in ZIP 61603?

To keep rent at or below 30% of gross income, you would need to earn at least $47,000/year (~$23/hour full-time) to afford the median rent of $1,184/mo in ZIP 61603. The local median household income is $41,618/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 61603?

Rent in ZIP 61603 has increased 16.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 61603 an affordable place to rent?

ZIP 61603 is considered moderate for renters. At $1,184/mo, rent takes approximately 34% of the local median household income ($41,618/yr). The standard benchmark is 30%. ZIP 61603 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 61603 residents rent vs. own?

According to Census data, approximately 47.1% of ZIP 61603 households are renters, while 52.9% are owner-occupied. ZIP 61603 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 61603 compare to the rest of Peoria?

ZIP 61603 is more affordable than Peoria overall. At $1,184/mo, it's $52 below the Peoria citywide median of $1,236/mo.

When was rent data for ZIP 61603 last updated?

Rent data for ZIP 61603 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
34%
MODERATE

At $1,184/mo, rent takes ~34% of ZIP 61603's median household income ($41,618/yr). The standard benchmark is 30%.

ZIP 61603 34%Benchmark 30%
State income tax4.95%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 61603 (Peoria, IL)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.