ZIP Code · IL

ZIP 61616

Part of Peoria Heights, IL

Pop. 5,825·Peoria County·207th most expensive ZIP in Illinois

Median rent (all units)

$1,150/mo

Year-over-Year

Stable

Month-over-Month

-4.6%

vs US Median

-$782

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 61616 · $1,150

More affordable than 94% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$740

1 BR

$800

2 BR

$1,020

3 BR

$1,320

4 BR+

$1,420

Research median

$1,020/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

What a typical income covers

30% of the median household income ($60,099) is $1,502 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,420).

Cheaper nearby

ZIP 61611, 3 miles away, rents for 20% less ($923/mo), about $2,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 61616. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,800/yr

At $1,150/mo median

Location

CityPeoria Heights

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, -4.6% MoM), not inventory.

Demographics

Who lives here

ZIP 61616 (Peoria Heights, IL) is majority owner-occupied, has a median income below the national average, 29.2% of residents hold a bachelor's degree or higher.

Population

5,825

Median income

$60,099

Median age

41.1

Renters

33.6%

Age distribution

20.1%

19.5%

26.8%

15.3%

18.2%

Under 1820.1%

18–3419.5%

35–5426.8%

55–6415.3%

65+18.2%

Gender

47.3%

52.7%

Male47.3%

Female52.7%

Race & ethnicity

84.6%

White84.6%

Black6.3%

Hispanic2.7%

Asian1.9%

Other4.5%

Education (25+)

31%

34.7%

29.2%

No HS diploma5.1%

HS diploma31%

Some college34.7%

Bachelor's+29.2%

Housing tenure

66.4%

33.6%

Owner66.4%

Renter33.6%

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

2021 vs 2026

How ZIP 61616 in Peoria Heights, IL has changed in 5 years

Income

$51,826 → $60,099

up 16.0%

Population

5,940 → 5,825

down 1.9%

Renter share

40.3% → 33.6%

-6.7 pts

Bachelor's+

26.4% → 29.2%

+2.8 pts

Median age

40.4 → 41.1

+0.7 yrs

Household income in the area moved from $51,826 to $60,099 across the same window, up 16.0% versus 2021. The population has contracted by 1.9% since 2021, moving from about 5,940 residents to roughly 5,825. Renters now make up 33.6% of households, compared with 40.3% five years ago. College-educated residents now make up 29.2% of adults here, versus 26.4% in 2021.

Community

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Local insights

Tips for renters in ZIP 61616

About renting in ZIP 61616

Last updated: October 17, 2026

ZIP code 61616 covers Peoria Heights, IL. The median rent here is $1,150/mo as of October 2026. A 1-bedroom rents for a median of $800/mo. A 2-bedroom rents for a median of $1,020/mo.

At 23% of local median household income ($60,099/yr), ZIP 61616 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 income do you need to rent in ZIP 61616?

To keep rent at or below 30% of gross income, you would need to earn at least $46,000/year (about $22/hour full-time) to afford the median rent of $1,150/mo in ZIP 61616. The local median household income is $60,099/yr, so the typical household meets that bar.