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ZIP Code · IL

ZIP 62301

Part of Quincy, IL
Pop. 30,746·Adams County·202nd most expensive ZIP in Illinois
Median rent (all units)
$1,197/mo
Year-over-Year
+25.6%
Month-over-Month
+3.8%
vs US Median
-$768
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 62301 · $1,197
More affordable than 92% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$720
1 BR
$800
2 BR
$1,050
3 BR
$1,310
4 BR+
$1,480
Research median
$1,050/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
$14,364/yr
At $1,197/mo median
Location
CityQuincy
StateIL
CountyAdams County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 25.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+25.6% YoY, +3.8% MoM), not inventory.
Demographics

Who lives here

ZIP 62301 (Quincy, IL) is majority owner-occupied, has a median income below the national average, 25.4% of residents hold a bachelor's degree or higher.

Population
30,746
Median income
$52,055
Median age
38.5
Renters
41.1%
Age distribution
21.6%
24.3%
23.8%
18.5%
Under 1821.6%
18–3424.3%
35–5423.8%
55–6411.8%
65+18.5%
Gender
49.8%
50.2%
Male49.8%
Female50.2%
Race & ethnicity
85.1%
White85.1%
Black5%
Hispanic2.8%
Asian1.1%
Other6%
Education (25+)
34.5%
31.9%
25.4%
No HS diploma8.3%
HS diploma34.5%
Some college31.9%
Bachelor's+25.4%
Housing tenure
58.9%
41.1%
Owner58.9%
Renter41.1%

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

2021 vs 2026

How ZIP 62301 in Quincy, IL has changed in 5 years

Income
$45,950 → $52,055
up 13.3%
Population
31,614 → 30,746
down 2.7%
Renter share
40.2% → 41.1%
+0.9 pts
Bachelor's+
22.4% → 25.4%
+3.0 pts

On the earnings side, the typical household in ZIP 62301 in Quincy, IL now reports about $52,055, up from $45,950 in 2021. The population has contracted by 2.7% since 2021, moving from about 31,614 residents to roughly 30,746. College-educated residents now make up 25.4% of adults here, versus 22.4% in 2021.

Community

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Local insights

Tips for renters in ZIP 62301

About renting in ZIP 62301

Last updated: July 20, 2026

ZIP code 62301 covers Quincy, IL. The median rent here is $1,197/mo as of July 2026. A 1-bedroom rents for a median of $800/mo. A 2-bedroom rents for a median of $1,050/mo.

At 28% of local median household income ($52,055/yr), ZIP 62301 ranks as affordable compared to the national benchmark of 30%. Rents have increased 25.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 62301?

As of July 20, 2026, the median monthly rent in ZIP 62301 (Quincy, IL) is $1,197. This is based on aggregated data from public sources and community submissions.

How does ZIP 62301 rent compare to the US average?

ZIP 62301's median rent of $1,197/mo is $768 (39%) below the US national median of $1,965/mo.

How does ZIP 62301 compare to other ZIPs in Illinois?

ZIP 62301 is among the more affordable ZIP codes in Illinois, ranking #202 out of 230 ZIPs at $1,197/mo.

How much income do you need to rent in ZIP 62301?

To keep rent at or below 30% of gross income, you would need to earn at least $48,000/year (~$23/hour full-time) to afford the median rent of $1,197/mo in ZIP 62301. The local median household income is $52,055/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 62301?

Rent in ZIP 62301 has increased 25.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 62301 an affordable place to rent?

ZIP 62301 is considered affordable for renters. At $1,197/mo, rent takes approximately 28% of the local median household income ($52,055/yr). The standard benchmark is 30%. ZIP 62301 falls comfortably within that range.

What percentage of ZIP 62301 residents rent vs. own?

According to Census data, approximately 41.1% of ZIP 62301 households are renters, while 58.9% are owner-occupied. ZIP 62301 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 62301 compare to the rest of Quincy?

ZIP 62301 is more affordable than Quincy overall. At $1,197/mo, it's $59 below the Quincy citywide median of $1,256/mo.

When was rent data for ZIP 62301 last updated?

Rent data for ZIP 62301 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
28%
AFFORDABLE

At $1,197/mo, rent takes ~28% of ZIP 62301's median household income ($52,055/yr). The standard benchmark is 30%.

ZIP 62301 28%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 62301 (Quincy, IL)

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