RentDataNowRentDataNow
ZIP Code · IL

ZIP 62704

Pop. 40,046·Sangamon County·206th most expensive ZIP in Illinois
Median rent (all units)
$1,170/mo
Year-over-Year
+12.0%
Month-over-Month
+0.5%
vs US Median
-$795
Rising (Monthly)
Be the first to discuss 62704 rents ↓
Most AffordableMost Expensive
ZIP 62704 · $1,170
More affordable than 93% 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
$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

Loading…

Last updated: July 20, 2026

Annual cost
$14,040/yr
At $1,170/mo median
Location
StateIL
CountySangamon County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.0% YoY, +0.5% 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 → $1,170
up 50.8%
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 $1,170, up 50.8% 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.

Community

Discussions about ZIP 62704

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 62704

About renting in ZIP 62704

Last updated: July 20, 2026

ZIP code 62704 covers Leland Grove, IL. The median rent here is $1,170/mo as of July 2026. A 1-bedroom rents for a median of $970/mo. A 2-bedroom rents for a median of $1,200/mo.

At 20% of local median household income ($69,976/yr), ZIP 62704 ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 62704?

As of July 20, 2026, the median monthly rent in ZIP 62704 (Leland Grove, IL) is $1,170. 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 $1,170/mo is $795 (40%) below the US national median of $1,965/mo.

How does ZIP 62704 compare to other ZIPs in Illinois?

ZIP 62704 is among the more affordable ZIP codes in Illinois, ranking #206 out of 230 ZIPs at $1,170/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 $47,000/year (~$23/hour full-time) to afford the median rent of $1,170/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 12.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 62704 an affordable place to rent?

ZIP 62704 is considered very affordable for renters. At $1,170/mo, rent takes approximately 20% 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 July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,170/mo, rent takes ~20% of ZIP 62704's median household income ($69,976/yr). The standard benchmark is 30%.

ZIP 62704 20%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 62704 (Leland Grove, IL)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.