ZIP Code · IL

ZIP 62002

Part of Alton, IL

Pop. 29,543·Madison County·218th most expensive ZIP in Illinois

Median rent (all units)

$1,004/mo

Year-over-Year

+5.0%

Month-over-Month

+1.6%

vs US Median

-$928

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 62002 · $1,004

More affordable than 98% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$910

1 BR

$950

2 BR

$1,160

3 BR

$1,490

4 BR+

$1,730

Research median

$1,160/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 62002 changed +5.0% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($61,414) is $1,535 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,490); a 4-bedroom is $1,730.

From Zillow's monthly rent index (ZORI) for ZIP 62002. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,048/yr

At $1,004/mo median

Location

CityAlton

StateIL

CountyMadison County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.0% YoY, +1.6% MoM), not inventory.

Demographics

Who lives here

ZIP 62002 (Alton, IL) is majority owner-occupied, has a median income below the national average, 24.1% of residents hold a bachelor's degree or higher.

Population

29,543

Median income

$61,414

Median age

40.4

Renters

34.3%

Age distribution

21.6%

20.9%

25.7%

12.8%

19%

Under 1821.6%

18–3420.9%

35–5425.7%

55–6412.8%

65+19%

Gender

48.2%

51.8%

Male48.2%

Female51.8%

Race & ethnicity

73.2%

17%

White73.2%

Black17%

Hispanic2.5%

Asian1.4%

Other6%

Education (25+)

30.9%

37.9%

24.1%

No HS diploma7.1%

HS diploma30.9%

Some college37.9%

Bachelor's+24.1%

Housing tenure

65.7%

34.3%

Owner65.7%

Renter34.3%

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

2021 vs 2026

How ZIP 62002 in Alton, IL has changed in 5 years

Income

$51,177 → $61,414

up 20.0%

Population

30,913 → 29,543

down 4.4%

Renter share

34.6% → 34.3%

-0.3 pts

Bachelor's+

22.6% → 24.1%

+1.5 pts

Median age

41.5 → 40.4

-1.1 yrs

Household income in the area moved from $51,177 to $61,414 across the same window, up 20.0% versus 2021. Headcount in the area went from 30,913 to 29,543 between 2021 and 2024, a 4.4% change.

Community

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Local insights

Tips for renters in ZIP 62002

About renting in ZIP 62002

Last updated: October 17, 2026

ZIP code 62002 covers Alton, IL. The median rent here is $1,004/mo as of October 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,160/mo.

At 20% of local median household income ($61,414/yr), ZIP 62002 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 62002?

To keep rent at or below 30% of gross income, you would need to earn at least $40,000/year (about $19/hour full-time) to afford the median rent of $1,004/mo in ZIP 62002. The local median household income is $61,414/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 62002?

Rent in ZIP 62002 has risen 5.0% over the past year.

How does ZIP 62002 compare to other ZIPs in Illinois?

ZIP 62002 is one of the more affordable among Illinois ZIP codes for rent, ranking #218 of 227 at $1,004/mo. Over the year to September 2026, rent in ZIP 62002 changed +5.0%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.