ZIP Code · IL

ZIP 61614

Part of Peoria, IL

Pop. 27,370·Peoria County·198th most expensive ZIP in Illinois

Median rent (all units)

$1,218/mo

Year-over-Year

+9.7%

Month-over-Month

+0.5%

vs US Median

-$714

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 61614 · $1,218

More affordable than 90% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$750

1 BR

$810

2 BR

$1,030

3 BR

$1,330

4 BR+

$1,440

Research median

$1,030/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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Illinois

Rent in ZIP 61614 changed +9.7% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent has risen 5 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($66,924) is $1,673 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,440).

Rank in Peoria

4th cheapest of 5 ZIP codes in Peoria.

Cheaper nearby

ZIP 61604, 5 miles away, rents for 11% less ($1,084/mo), about $1,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 61614. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$14,616/yr

At $1,218/mo median

Location

CityPeoria

StateIL

CountyPeoria County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.7% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 61614 (Peoria, IL) is majority owner-occupied, has a large retiree population, 45.6% of residents hold a bachelor's degree or higher.

Population

27,370

Median income

$66,924

Median age

37.2

Renters

35.8%

Age distribution

23.2%

24.6%

20.5%

22.7%

Under 1823.2%

18–3424.6%

35–5420.5%

55–649%

65+22.7%

Gender

45.6%

54.4%

Male45.6%

Female54.4%

Race & ethnicity

68.3%

18.1%

White68.3%

Black18.1%

Hispanic6.2%

Asian5.2%

Other2.2%

Education (25+)

19.6%

32.3%

45.6%

No HS diploma2.5%

HS diploma19.6%

Some college32.3%

Bachelor's+45.6%

Housing tenure

64.2%

35.8%

Owner64.2%

Renter35.8%

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

2021 vs 2026

How ZIP 61614 in Peoria, IL has changed in 5 years

Income

$63,795 → $66,924

up 4.9%

Population

28,583 → 27,370

down 4.2%

Renter share

38.6% → 35.8%

-2.8 pts

Bachelor's+

43.7% → 45.6%

+1.9 pts

Median age

38.5 → 37.2

-1.3 yrs

Local incomes tracked alongside that move, going from a median of $63,795 in 2021 to $66,924 more recently. The population has contracted by 4.2% since 2021, moving from about 28,583 residents to roughly 27,370. Renters now make up 35.8% of households, compared with 38.6% five years ago.

Community

Discussions about ZIP 61614

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Local insights

Tips for renters in ZIP 61614

About renting in ZIP 61614

Last updated: October 17, 2026

ZIP code 61614 covers Peoria, IL. The median rent here is $1,218/mo as of October 2026. A 1-bedroom rents for a median of $810/mo. A 2-bedroom rents for a median of $1,030/mo.

At 22% of local median household income ($66,924/yr), ZIP 61614 ranks as affordable compared to the national benchmark of 30%. Rents have increased 9.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 61614?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (about $24/hour full-time) to afford the median rent of $1,218/mo in ZIP 61614. The local median household income is $66,924/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 61614?

Rent in ZIP 61614 has risen 9.7% over the past year.

How does ZIP 61614 compare to other ZIPs in Illinois?

ZIP 61614 is one of the more affordable among Illinois ZIP codes for rent, ranking #198 of 227 at $1,218/mo. Over the year to September 2026, rent in ZIP 61614 changed +9.7%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.