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62040 rent trends

Rental prices in 62040 have decreased by 9.06% over the past year. The average rent moved from $1,091 to $993.

Average rent in 62040

$993/mo 62040 average rental price, January 2026
Image Average Rent

    What's the typical rent budget in 62040?

    The largest share of rentals in 62040 (56%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in 62040, IL

    47 /100
    Car-Dependent
    43 /100
    Somewhat Bikeable
    Walk Score®: 47, Bike Score®: 43

    Frequently asked questions

    What is the average rent in 62040?

    The average rent in 62040 is $849.

    What type of rental buildings are in 62040?

    In 62040, 26% of the residents are renting compared to 74% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 5% of 62040's rentals, 49% are small-scale complexes with under 50 units, and 37% are single-family rentals.

    62040 demographics

    • 40,365Total Population
    • 19,892 Female
      20,473 Male
    • 39Median Age

    62040 households

    • 10,651 Family
      6,244 Non-family
    • 5,040 Children
      11,855 No Children
    • 16,895Total Number of Households
    • 2Average People Per Household
    • $60,558Median Household Income

    62040 education statistics