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ZIP Code · IL

ZIP 61605

Part of Peoria, IL
Pop. 13,424·Peoria County·225th most expensive ZIP in Illinois
Median rent (all units)
$870/mo
Year-over-Year
Stable
Month-over-Month
-6.8%
vs US Median
-$1,095
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 61605 · $870
More affordable than 99% of US ZIP codes · National median $1,965/mo
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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

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Last updated: July 20, 2026

Annual cost
$10,440/yr
At $870/mo median
Location
CityPeoria
StateIL
CountyPeoria 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, -6.8% 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
35
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

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Local insights

Tips for renters in ZIP 61605

About renting in ZIP 61605

Last updated: July 20, 2026

ZIP code 61605 covers Peoria, IL. The median rent here is $870/mo as of July 2026. A 1-bedroom rents for a median of $760/mo. A 2-bedroom rents for a median of $970/mo.

At 40% 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 is rent in ZIP code 61605?

As of July 20, 2026, the median monthly rent in ZIP 61605 (Peoria, IL) is $870. This is based on aggregated data from public sources and community submissions.

How does ZIP 61605 rent compare to the US average?

ZIP 61605's median rent of $870/mo is $1,095 (56%) below the US national median of $1,965/mo.

How does ZIP 61605 compare to other ZIPs in Illinois?

ZIP 61605 is among the more affordable ZIP codes in Illinois, ranking #225 out of 230 ZIPs at $870/mo.

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 $35,000/year (~$17/hour full-time) to afford the median rent of $870/mo in ZIP 61605. The local median household income is $26,392/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 61605?

Rent in ZIP 61605 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 61605 an affordable place to rent?

ZIP 61605 is considered moderate for renters. At $870/mo, rent takes approximately 40% of the local median household income ($26,392/yr). The standard benchmark is 30%. ZIP 61605 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 61605 residents rent vs. own?

According to Census data, approximately 57.5% of ZIP 61605 households are renters, while 42.5% are owner-occupied. With a majority renter population, ZIP 61605 has a strong rental market.

How does ZIP 61605 compare to the rest of Peoria?

ZIP 61605 is more affordable than Peoria overall. At $870/mo, it's $366 below the Peoria citywide median of $1,236/mo.

When was rent data for ZIP 61605 last updated?

Rent data for ZIP 61605 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
40%
MODERATE

At $870/mo, rent takes ~40% of ZIP 61605's median household income ($26,392/yr). The standard benchmark is 30%.

ZIP 61605 40%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 61605 (Peoria, IL)

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