FY2026 Fair Market Rents — Shelby County
Studio
$656
1BR
$789
2BR
$951
3BR
$1,140
4BR
$1,435
Shelby County, Illinois
FIPS 17173 · County-level FMR and income limit data
FMR Area: Shelby County, IL
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $656 | $7,872 |
| 1-Bedroom | $789 | $9,468 |
| 2-Bedroom | $951 | $11,412 |
| 3-Bedroom | $1,140 | $13,680 |
| 4-Bedroom | $1,435 | $17,220 |
To afford the FY2026 2-bedroom FMR of $951/mo under the 30%-of-income rule, a household needs about
$38,040/yr ($3,170/mo). Area Median Income is $91,400.
At IL's state minimum wage of $15.00/hr, a worker would need to work 49 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $656 | $789 | $951 | $1,140 | $1,435 |
| FY2025 | $634 | $704 | $924 | $1,113 | $1,346 |
| FY2024 | $574 | $637 | $837 | $1,012 | $1,189 |
| FY2023 | $531 | $588 | $774 | $979 | $1,154 |
| FY2022 | $503 | $618 | $735 | $1,044 | $1,227 |
| FY2021 | $476 | $608 | $700 | $1,002 | $1,183 |
| FY2020 | $474 | $605 | $698 | $1,007 | $1,192 |
FY2026 Income Limits
Area Median Income: $91,400
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $19,200 | $21,950 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $32,000 | $36,600 | $41,150 | $45,700 | $49,400 | $53,050 |
| 80% AMI | $51,200 | $58,500 | $65,800 | $73,100 | $78,950 | $84,800 |