Housing in Shelby County

The inside story on rent prices
Source: US Census Bureau - ACS 5 Yr 2024

Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.

Rent in Shelby County averages $814/month for a 2‑bedroom in 2024, compared to the Illinois median of $1,274 and the national median of $1,413. Local renters spend approximately 20% of household income on rent, below the national average of 32%.

HUD 2026 50th Percentile Rent Estimates for Shelby County FMR Area are $702 for a studio, $844 for 1‑bedroom, $1,018 for 2‑bedroom, $1,221 for 3‑bedroom, and $1,536 for 4‑bedroom.

HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $204 increase for a 2-bedroom in Shelby County shows a 25% rise over that period.

The U.S. Bureau of Labor Statistics annual unemployment rate for Shelby County was 4.2% in 2024, compared to Illinois at 5.0% and the national rate of 4.0%.

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Towns near Cowden

City
County
State
Miles
Shelby
IL
0.0
Shelby
IL
1.6
Shelby
IL
5.3
Shelby
IL
9.2
Shelby
IL
9.5
Shelby
IL
10.6
Shelby
IL
11.5
Shelby
IL
11.9
Moultrie
IL
12.5
Moultrie
IL
14.3
Moultrie
IL
15.1
Shelby
IL
15.9
Shelby
IL
16.2
Moultrie
IL
17.5
Shelby
IL
18.7
Shelby
IL
18.9
Moultrie
IL
20.1
Shelby
IL
24.1

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