ZIP Code · IL

ZIP 61701

Pop. 35,136·McLean County·214th most expensive ZIP in Illinois
Median rent (all units)
$1,078/mo
Year-over-Year
+5.8%
Month-over-Month
+0.7%
vs US Median
-$854
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 61701 · $1,078
More affordable than 96% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$900
1 BR
$970
2 BR
$1,260
3 BR
$1,660
4 BR+
$1,670
Research median
$1,260/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

Cheapest month to sign

November. Asking rents in ZIP 61701 usually run 0.6% below trend in November and 0.9% above it in June, about $16 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 61701 is at its highest level since Zillow's records here began in October 2017.

Past year vs. the rest of Illinois

Rent in ZIP 61701 changed +5.8% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 61701 rose 56.1% while median household income rose 19.1% ($47,969 to $57,130). Rent outpaced income.

Since before the pandemic

Rent in ZIP 61701 is 70.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($57,130) is $1,428 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,260); a 3-bedroom is $1,660.

From Zillow's monthly rent index (ZORI) for ZIP 61701. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$12,936/yr
At $1,078/mo median
Location
StateIL
CountyMcLean County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.8% YoY, +0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 61701 (Bloomington, IL) is majority owner-occupied, has a median income below the national average, 37.5% of residents hold a bachelor's degree or higher.

Population
35,136
Median income
$57,130
Median age
36.1
Renters
43.3%
Age distribution
19%
29.4%
24.7%
15.9%
Under 1819%
18–3429.4%
35–5424.7%
55–6411.1%
65+15.9%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
72.4%
12.1%
White72.4%
Black12.1%
Hispanic9.4%
Asian2.3%
Other3.8%
Education (25+)
26.7%
29.7%
37.5%
No HS diploma6.1%
HS diploma26.7%
Some college29.7%
Bachelor's+37.5%
Housing tenure
56.7%
43.3%
Owner56.7%
Renter43.3%

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

2021 vs 2026

How ZIP 61701 in Bloomington, IL has changed in 5 years

Rent
$667 → $1,078
up 61.6%
Income
$48,906 → $57,130
up 16.8%
Population
35,347 → 35,136
down 0.6%
Renter share
43.6% → 43.3%
-0.3 pts
Bachelor's+
33.9% → 37.5%
+3.6 pts
Median age
35.5 → 36.1
+0.6 yrs

Since 2021, the typical rent in ZIP 61701 in Bloomington, IL has increased from $667 to $1,078, a 61.6% change over five years. Census figures show median household income at $57,130 today, compared with $48,906 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. College-educated residents now make up 37.5% of adults here, versus 33.9% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 61701

Last updated: October 17, 2026

ZIP code 61701 covers Bloomington, IL. The median rent here is $1,078/mo as of October 2026. A 1-bedroom rents for a median of $970/mo. A 2-bedroom rents for a median of $1,260/mo.

At 23% of local median household income ($57,130/yr), ZIP 61701 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 61701?

To keep rent at or below 30% of gross income, you would need to earn at least $43,000/year (about $21/hour full-time) to afford the median rent of $1,078/mo in ZIP 61701. The local median household income is $57,130/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 61701?

Rent in ZIP 61701 has risen 5.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in October 2017.

When is the cheapest time to rent in ZIP 61701?

Asking rents in ZIP 61701 are usually lowest in November, about 0.6% below their yearly trend, and highest in June, about 0.9% above it. At today's median that is a gap of roughly $16 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 61701?

Yes. From 2019 to 2024, rent in ZIP 61701 rose 56.1% while median household income rose 19.1%, from $47,969 to $57,130. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 61701 compare to other ZIPs in Illinois?

ZIP 61701 is one of the more affordable among Illinois ZIP codes for rent, ranking #214 of 227 at $1,078/mo. Over the year to September 2026, rent in ZIP 61701 changed +5.8%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.

How does ZIP 61701 compare to the rest of Bloomington?

At $1,078/mo, ZIP 61701 is $192 below the Bloomington citywide median of $1,270/mo.
Income Affordability
23%
VERY AFFORDABLE

At $1,078/mo, rent takes ~23% of ZIP 61701's median household income ($57,130/yr). The standard benchmark is 30%.

ZIP 61701 23%Benchmark 30%
State income tax4.95%
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