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ZIP Code · IL

ZIP 62024

Pop. 9,493·Madison County·243rd most expensive ZIP in Illinois
Median rent (all units)
$990/mo
Year-over-Year
-9.2%
Month-over-Month
-9.2%
vs US Median
-$975
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 62024 · $990
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
$770
1 BR
$800
2 BR
$990
3 BR
$1,270
4 BR+
$1,480
Research median
$990/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: April 19, 2026

Annual cost
$11,880/yr
At $990/mo median
Location
StateIL
CountyMadison County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 9.2% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-9.2% YoY, -9.2% MoM), not inventory.
Demographics

Who lives here

ZIP 62024 (East Alton, IL) is majority owner-occupied, has a median income below the national average, 20.3% of residents hold a bachelor's degree or higher.

Population
9,493
Median income
$56,761
Median age
43.4
Renters
27.1%
Age distribution
18.8%
22.6%
22.8%
17%
18.7%
Under 1818.8%
18–3422.6%
35–5422.8%
55–6417%
65+18.7%
Gender
46.8%
53.2%
Male46.8%
Female53.2%
Race & ethnicity
92.2%
White92.2%
Black0.5%
Hispanic2.5%
Other4.8%
Education (25+)
33.9%
36.1%
20.3%
No HS diploma9.6%
HS diploma33.9%
Some college36.1%
Bachelor's+20.3%
Housing tenure
72.9%
27.1%
Owner72.9%
Renter27.1%

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

2021 vs 2026

How ZIP 62024 in East Alton, IL has changed in 5 years

Income
$59,826 → $56,761
down 5.1%
Population
9,544 → 9,493
down 0.5%
Renter share
25.5% → 27.1%
+1.6 pts
Bachelor's+
20.1% → 20.3%
+0.2 pts
Median age
44.9 → 43.4
-1.5 yrs

On the earnings side, the typical household in ZIP 62024 in East Alton, IL now reports about $56,761, up from $59,826 in 2021. About 27.1% of households rent today, against 25.5% in 2021.

Community

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Local insights

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About renting in ZIP 62024

Last updated: April 19, 2026

ZIP code 62024 covers East Alton, IL. The median rent here is $990/mo as of April 2026. A 1-bedroom rents for a median of $800/mo. A 2-bedroom rents for a median of $990/mo.

At 21% of local median household income ($56,761/yr), ZIP 62024 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 9.2% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 62024?

As of April 19, 2026, the median monthly rent in ZIP 62024 (East Alton, IL) is $990. This is based on aggregated data from public sources and community submissions.

How does ZIP 62024 rent compare to the US average?

ZIP 62024's median rent of $990/mo is $975 (50%) below the US national median of $1,965/mo.

How does ZIP 62024 compare to other ZIPs in Illinois?

ZIP 62024 is among the more affordable ZIP codes in Illinois, ranking #243 out of 250 ZIPs at $990/mo.

How much income do you need to rent in ZIP 62024?

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 $990/mo in ZIP 62024. The local median household income is $56,761/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 62024?

Rent in ZIP 62024 has decreased 9.2% over the past year as of April 19, 2026, offering some relief compared to 12 months ago.

Is ZIP 62024 an affordable place to rent?

ZIP 62024 is considered very affordable for renters. At $990/mo, rent takes approximately 21% of the local median household income ($56,761/yr). The standard benchmark is 30%. ZIP 62024 falls comfortably within that range.

What percentage of ZIP 62024 residents rent vs. own?

According to Census data, approximately 27.1% of ZIP 62024 households are renters, while 72.9% are owner-occupied. ZIP 62024 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 62024 compare to the rest of East Alton?

ZIP 62024 is pricier than East Alton as a whole. At $990/mo, it's $140 above the East Alton citywide median of $850/mo.

When was rent data for ZIP 62024 last updated?

Rent data for ZIP 62024 reflects April 19, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $990/mo, rent takes ~21% of ZIP 62024's median household income ($56,761/yr). The standard benchmark is 30%.

ZIP 62024 21%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 62024 (East Alton, IL)

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