RentDataNowRentDataNow
ZIP Code · IL

ZIP 62629

Part of Chatham, IL
Pop. 15,413·Sangamon County·142nd most expensive ZIP in Illinois
Median rent (all units)
$1,713/mo
Year-over-Year
Stable
Month-over-Month
+2.9%
vs US Median
-$252
Rising (Monthly)
Be the first to discuss 62629 rents ↓
Most AffordableMost Expensive
ZIP 62629 · $1,713
More affordable than 58% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,010
1 BR
$1,180
2 BR
$1,460
3 BR
$1,950
4 BR+
$2,040
Research median
$1,460/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$20,556/yr
At $1,713/mo median
Location
StateIL
CountySangamon County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.0% YoY, +2.9% MoM), not inventory.
Demographics

Who lives here

ZIP 62629 (Chatham, IL) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 53.8% of residents hold a bachelor's degree or higher.

Population
15,413
Median income
$107,250
Median age
36.1
Renters
18.4%
Age distribution
31.1%
17.4%
28.6%
12.7%
Under 1831.1%
18–3417.4%
35–5428.6%
55–6410.3%
65+12.7%
Gender
44.8%
55.2%
Male44.8%
Female55.2%
Race & ethnicity
89.1%
White89.1%
Black2.6%
Hispanic3.7%
Asian2.9%
Other1.7%
Education (25+)
14.1%
30.5%
53.8%
No HS diploma1.6%
HS diploma14.1%
Some college30.5%
Bachelor's+53.8%
Housing tenure
81.6%
18.4%
Owner81.6%
Renter18.4%

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

2021 vs 2026

How ZIP 62629 in Chatham, IL has changed in 5 years

Income
$96,849 → $107,250
up 10.7%
Population
15,214 → 15,413
up 1.3%
Renter share
20.5% → 18.4%
-2.1 pts
Bachelor's+
46.9% → 53.8%
+6.9 pts
Median age
35.6 → 36.1
+0.5 yrs

On the earnings side, the typical household in ZIP 62629 in Chatham, IL now reports about $107,250, up from $96,849 in 2021. Headcount in the area went from 15,214 to 15,413 between 2021 and 2024, a 1.3% change. About 18.4% of households rent today, against 20.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 46.9% to 53.8%.

Community

Discussions about ZIP 62629

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 62629

About renting in ZIP 62629

Last updated: July 20, 2026

ZIP code 62629 covers Chatham, IL. The median rent here is $1,713/mo as of July 2026. A 1-bedroom rents for a median of $1,180/mo. A 2-bedroom rents for a median of $1,460/mo.

At 19% of local median household income ($107,250/yr), ZIP 62629 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 is rent in ZIP code 62629?

As of July 20, 2026, the median monthly rent in ZIP 62629 (Chatham, IL) is $1,713. This is based on aggregated data from public sources and community submissions.

How does ZIP 62629 rent compare to the US average?

ZIP 62629's median rent of $1,713/mo is $252 (13%) below the US national median of $1,965/mo.

How does ZIP 62629 compare to other ZIPs in Illinois?

ZIP 62629 falls in the middle range for Illinois, ranking #142 out of 230 ZIPs at $1,713/mo.

How much income do you need to rent in ZIP 62629?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,713/mo in ZIP 62629. The local median household income is $107,250/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 62629?

Rent in ZIP 62629 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 62629 an affordable place to rent?

ZIP 62629 is considered very affordable for renters. At $1,713/mo, rent takes approximately 19% of the local median household income ($107,250/yr). The standard benchmark is 30%. ZIP 62629 falls comfortably within that range.

What percentage of ZIP 62629 residents rent vs. own?

According to Census data, approximately 18.4% of ZIP 62629 households are renters, while 81.6% are owner-occupied. ZIP 62629 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 62629 compare to the rest of Chatham?

ZIP 62629 sits right at the Chatham citywide median of $1,713/mo.

When was rent data for ZIP 62629 last updated?

Rent data for ZIP 62629 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,713/mo, rent takes ~19% of ZIP 62629's median household income ($107,250/yr). The standard benchmark is 30%.

ZIP 62629 19%Benchmark 30%
State income tax4.95%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 62629 (Chatham, IL)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.