ZIP 62704
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 62704 usually run 0.8% below trend in January and 0.8% above it in September, about $18 a month apart at today's median. Based on 6 years of data.
Rent in ZIP 62704 is 1% below its high of $1,154 in May 2026, at $1,143 as of September 2026.
Rent in ZIP 62704 changed +2.9% over the year to September 2026. Across the 172 Illinois ZIP codes Zillow tracks, the typical change was +4.7%.
Rent rose in 8 of the last 12 months.
30% of the median household income ($69,976) is $1,749 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($1,680).
From Zillow's monthly rent index (ZORI) for ZIP 62704. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 62704 (Leland Grove, IL) is majority owner-occupied, 44% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 62704 in Leland Grove, IL has changed in 5 years
Across the past five years, the going rent in ZIP 62704 in Leland Grove, IL has shifted from $792 to $1,143, up 44.3% 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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Tips for renters in ZIP 62704
Last updated: October 17, 2026
ZIP code 62704 covers Leland Grove, IL. The median rent here is $1,143/mo as of October 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 2.9% over the past year.
Frequently asked questions
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How does ZIP 62704 compare to other ZIPs in Illinois?
At $1,143/mo, rent takes ~20% of ZIP 62704's median household income ($69,976/yr). The standard benchmark is 30%.
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