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ZIP Code · IL

ZIP 62704

Pop. 40,046·Sangamon County·213th most expensive ZIP in Illinois
Median rent (all units)
$1,130/mo
Year-over-Year
+6.6%
Month-over-Month
-3.4%
vs US Median
-$832
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 62704 · $1,130
More affordable than 94% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$830
1 BR
$970
2 BR
$1,200
3 BR
$1,610
4 BR+
$1,680
Research median
$1,200/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: August 17, 2026

Annual cost
$13,560/yr
At $1,130/mo median
Location
StateIL
CountySangamon County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+6.6% YoY, -3.4% MoM), not inventory.
Demographics

Who lives here

ZIP 62704 (Leland Grove, IL) is majority owner-occupied, 44% of residents hold a bachelor's degree or higher.

Population
40,046
Median income
$69,976
Median age
40.2
Renters
38%
Age distribution
21%
22.7%
25%
12.5%
18.8%
Under 1821%
18–3422.7%
35–5425%
55–6412.5%
65+18.8%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
72.6%
15.8%
White72.6%
Black15.8%
Hispanic3.8%
Asian3.6%
Other4.2%
Education (25+)
23.2%
28.2%
44%
No HS diploma4.6%
HS diploma23.2%
Some college28.2%
Bachelor's+44%
Housing tenure
62%
38%
Owner62%
Renter38%

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

2021 vs 2026

How ZIP 62704 in Leland Grove, IL has changed in 5 years

Rent
$776 → $1,130
up 45.6%
Income
$58,357 → $69,976
up 19.9%
Population
40,407 → 40,046
down 0.9%
Renter share
40.5% → 38%
-2.5 pts
Bachelor's+
42.8% → 44%
+1.2 pts
Median age
39.5 → 40.2
+0.7 yrs

Across the past five years, the going rent in ZIP 62704 in Leland Grove, IL has shifted from $776 to $1,130, up 45.6% since 2021. Census figures show median household income at $69,976 today, compared with $58,357 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has eased from 40.5% to 38%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 62704

Last updated: August 17, 2026

ZIP code 62704 covers Leland Grove, IL. The median rent here is $1,130/mo as of August 2026. A 1-bedroom rents for a median of $970/mo. A 2-bedroom rents for a median of $1,200/mo.

At 19% of local median household income ($69,976/yr), ZIP 62704 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 62704?

As of August 17, 2026, the median monthly rent in ZIP 62704 (Leland Grove, IL) is $1,130. This is based on aggregated data from public sources and community submissions.

How does ZIP 62704 rent compare to the US average?

ZIP 62704's median rent of $1,130/mo is $832 (42%) below the US national median of $1,962/mo.

How does ZIP 62704 compare to other ZIPs in Illinois?

ZIP 62704 is among the more affordable ZIP codes in Illinois, ranking #213 out of 236 ZIPs at $1,130/mo.

How much income do you need to rent in ZIP 62704?

To keep rent at or below 30% of gross income, you would need to earn at least $45,000/year (~$22/hour full-time) to afford the median rent of $1,130/mo in ZIP 62704. The local median household income is $69,976/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 62704?

Rent in ZIP 62704 has increased 6.6% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 62704 an affordable place to rent?

ZIP 62704 is considered very affordable for renters. At $1,130/mo, rent takes approximately 19% of the local median household income ($69,976/yr). The standard benchmark is 30%. ZIP 62704 falls comfortably within that range.

What percentage of ZIP 62704 residents rent vs. own?

According to Census data, approximately 38% of ZIP 62704 households are renters, while 62% are owner-occupied. ZIP 62704 leans toward homeownership, which can mean a smaller rental inventory.

When was rent data for ZIP 62704 last updated?

Rent data for ZIP 62704 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,130/mo, rent takes ~19% of ZIP 62704's median household income ($69,976/yr). The standard benchmark is 30%.

ZIP 62704 19%Benchmark 30%
State income tax4.95%
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Schools nearby

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