ZIP Code · IL

ZIP 62234

Part of Collinsville, IL

Pop. 31,648·Madison County·205th most expensive ZIP in Illinois

Median rent (all units)

$1,161/mo

Year-over-Year

+20.6%

Month-over-Month

+3.1%

vs US Median

-$771

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 62234 · $1,161

More affordable than 93% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$880

1 BR

$910

2 BR

$1,120

3 BR

$1,440

4 BR+

$1,670

Research median

$1,120/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

Compared with the peak

Rent in ZIP 62234 is at its highest level since Zillow's records here began in January 2023.

Past year vs. the rest of Illinois

Rent in ZIP 62234 changed +20.6% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.

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 ($69,607) is $1,740 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,670).

From Zillow's monthly rent index (ZORI) for ZIP 62234. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,932/yr

At $1,161/mo median

Location

CityCollinsville

StateIL

CountyMadison County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 20.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+20.6% YoY, +3.1% MoM), not inventory.

Demographics

Who lives here

ZIP 62234 (Collinsville, IL) is majority owner-occupied, 30.3% of residents hold a bachelor's degree or higher.

Population

31,648

Median income

$69,607

Median age

39.2

Renters

30.1%

Age distribution

20.8%

22.5%

24.7%

14.1%

17.9%

Under 1820.8%

18–3422.5%

35–5424.7%

55–6414.1%

65+17.9%

Gender

48%

52%

Male48%

Female52%

Race & ethnicity

74%

12.7%

White74%

Black12.7%

Hispanic8.5%

Asian0.9%

Other3.9%

Education (25+)

27.1%

35.2%

30.3%

No HS diploma7.4%

HS diploma27.1%

Some college35.2%

Bachelor's+30.3%

Housing tenure

69.9%

30.1%

Owner69.9%

Renter30.1%

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

2023 vs 2026

How ZIP 62234 in Collinsville, IL has changed in 5 years

Rent

$826 → $1,161

up 40.6%

Income

$63,111 → $69,607

up 10.3%

Population

32,637 → 31,648

down 3.0%

Renter share

30.4% → 30.1%

-0.3 pts

Bachelor's+

29% → 30.3%

+1.3 pts

Compared with 2023, rent in ZIP 62234 in Collinsville, IL has climbed by $335 per month, settling near $1,161 after starting the period at $826. Household income in the area moved from $63,111 to $69,607 across the same window, up 10.3% versus 2021. Rent outpaced income growth by roughly 30.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 32,637 to 31,648 between 2021 and 2024, a 3.0% change. Reading these numbers side by side helps frame whether current listings in ZIP 62234 in Collinsville, IL look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 62234

Last updated: October 17, 2026

ZIP code 62234 covers Collinsville, IL. The median rent here is $1,161/mo as of October 2026. A 1-bedroom rents for a median of $910/mo. A 2-bedroom rents for a median of $1,120/mo.

At 20% of local median household income ($69,607/yr), ZIP 62234 ranks as affordable compared to the national benchmark of 30%. Rents have increased 20.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 62234?

To keep rent at or below 30% of gross income, you would need to earn at least $46,000/year (about $22/hour full-time) to afford the median rent of $1,161/mo in ZIP 62234. The local median household income is $69,607/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 62234?

Rent in ZIP 62234 has risen 20.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2023.

How does ZIP 62234 compare to other ZIPs in Illinois?

ZIP 62234 is one of the more affordable among Illinois ZIP codes for rent, ranking #205 of 227 at $1,161/mo. Over the year to September 2026, rent in ZIP 62234 changed +20.6%, against a typical +4.7% across the 172 Illinois ZIP codes Zillow tracks.