ZIP Code · IL

ZIP 61605

Part of Peoria, IL

Pop. 13,424·Peoria County·225th most expensive ZIP in Illinois

Median rent (all units)

$856/mo

Year-over-Year

Stable

Month-over-Month

+4.4%

vs US Median

-$1,076

Reported rents

Rising (Monthly)

Be the first to discuss 61605 rents ↓

Most AffordableMost Expensive

ZIP 61605 · $856

More affordable than 100% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$710

1 BR

$760

2 BR

$970

3 BR

$1,260

4 BR+

$1,350

Research median

$970/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($26,392) is $660 a month. That is less than HUD's Fair Market Rent for a studio ($710).

Rank in Peoria

1st cheapest of 5 ZIP codes in Peoria.

From Zillow's monthly rent index (ZORI) for ZIP 61605. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$10,272/yr

At $856/mo median

Location

CityPeoria

StateIL

CountyPeoria County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +4.4% MoM), not inventory.

Demographics

Who lives here

ZIP 61605 (Peoria, IL) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 4.7% of residents hold a bachelor's degree or higher.

Population

13,424

Median income

$26,392

Median age

Renters

57.5%

Age distribution

28.5%

21.5%

21.4%

12.3%

16.2%

Under 1828.5%

18–3421.5%

35–5421.4%

55–6412.3%

65+16.2%

Gender

44.1%

55.9%

Male44.1%

Female55.9%

Race & ethnicity

26.4%

57.5%

White26.4%

Black57.5%

Hispanic10.4%

Asian0.9%

Other4.7%

Education (25+)

20.9%

43.4%

31%

No HS diploma20.9%

HS diploma43.4%

Some college31%

Bachelor's+4.7%

Housing tenure

42.5%

57.5%

Owner42.5%

Renter57.5%

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

2021 vs 2026

How ZIP 61605 in Peoria, IL has changed in 5 years

Income

$22,442 → $26,392

up 17.6%

Population

14,010 → 13,424

down 4.2%

Renter share

61.2% → 57.5%

-3.7 pts

Bachelor's+

4% → 4.7%

+0.7 pts

Household income in the area moved from $22,442 to $26,392 across the same window, up 17.6% versus 2021. Census counts show ZIP 61605 in Peoria, IL losing about 586 residents over the five-year window, down 4.2% on net. The renter share has eased from 61.2% to 57.5%, with owner-occupied housing accounting for the remainder.

Community

Discussions about ZIP 61605

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 61605

About renting in ZIP 61605

Last updated: October 17, 2026

ZIP code 61605 covers Peoria, IL. The median rent here is $856/mo as of October 2026. A 1-bedroom rents for a median of $760/mo. A 2-bedroom rents for a median of $970/mo.

At 39% of local median household income ($26,392/yr), ZIP 61605 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 61605?

To keep rent at or below 30% of gross income, you would need to earn at least $34,000/year (about $16/hour full-time) to afford the median rent of $856/mo in ZIP 61605. The local median household income is $26,392/yr, so the typical household falls short of that bar.