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ZIP Code · IL

ZIP 62002

Part of Alton, IL
Pop. 29,543·Madison County·220th most expensive ZIP in Illinois
Median rent (all units)
$996/mo
Year-over-Year
-7.3%
Month-over-Month
+4.0%
vs US Median
-$969
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 62002 · $996
More affordable than 98% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$11,952/yr
At $996/mo median
Location
CityAlton
StateIL
CountyMadison County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-7.3% YoY, +4.0% 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

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About renting in ZIP 62002

Last updated: July 20, 2026

ZIP code 62002 covers Alton, IL. The median rent here is $996/mo as of July 2026. A 1-bedroom rents for a median of $950/mo. A 2-bedroom rents for a median of $1,160/mo.

At 19% of local median household income ($61,414/yr), ZIP 62002 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 7.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 62002?

As of July 20, 2026, the median monthly rent in ZIP 62002 (Alton, IL) is $996. This is based on aggregated data from public sources and community submissions.

How does ZIP 62002 rent compare to the US average?

ZIP 62002's median rent of $996/mo is $969 (49%) below the US national median of $1,965/mo.

How does ZIP 62002 compare to other ZIPs in Illinois?

ZIP 62002 is among the more affordable ZIP codes in Illinois, ranking #220 out of 230 ZIPs at $996/mo.

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 (~$19/hour full-time) to afford the median rent of $996/mo in ZIP 62002. The local median household income is $61,414/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 62002?

Rent in ZIP 62002 has decreased 7.3% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 62002 an affordable place to rent?

ZIP 62002 is considered very affordable for renters. At $996/mo, rent takes approximately 19% of the local median household income ($61,414/yr). The standard benchmark is 30%. ZIP 62002 falls comfortably within that range.

What percentage of ZIP 62002 residents rent vs. own?

According to Census data, approximately 34.3% of ZIP 62002 households are renters, while 65.7% are owner-occupied. ZIP 62002 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 62002 compare to the rest of Alton?

ZIP 62002 is pricier than Alton as a whole. At $996/mo, it's $11 above the Alton citywide median of $985/mo.

When was rent data for ZIP 62002 last updated?

Rent data for ZIP 62002 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $996/mo, rent takes ~19% of ZIP 62002's median household income ($61,414/yr). The standard benchmark is 30%.

ZIP 62002 19%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 62002 (Alton, IL)

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