ZIP Code · IL

ZIP 62024

Part of East Alton, IL

Pop. 9,493·Madison County·217th most expensive ZIP in Illinois

Median rent (all units)

$938/mo

Year-over-Year

Stable

Month-over-Month

-5.3%

vs US Median

-$994

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 62024 · $938

More affordable than 99% of US ZIP codes · National median $1,932/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: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($56,761) is $1,419 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,270); a 4-bedroom is $1,480.

From Zillow's monthly rent index (ZORI) for ZIP 62024. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$11,256/yr

At $938/mo median

Location

CityEast Alton

StateIL

CountyMadison 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, -5.3% 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: September 25, 2026

ZIP code 62024 covers East Alton, IL. The median rent here is $938/mo as of September 2026. A 1-bedroom rents for a median of $800/mo. A 2-bedroom rents for a median of $990/mo.

At 20% of local median household income ($56,761/yr), ZIP 62024 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 62024?

To keep rent at or below 30% of gross income, you would need to earn at least $38,000/year (about $18/hour full-time) to afford the median rent of $938/mo in ZIP 62024. The local median household income is $56,761/yr, so the typical household meets that bar.