Rent by ZIP · Shelby County
Rent in Lakewood, IL 62438
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $930 (+1.1% vs FY2026).
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $650 | $630 | +3.2% | $585–715 | – |
| 1 bedroom | $750 | $760 | -1.3% | $675–825 | – |
| 2 bedrooms | $930 | $920 | +1.1% | $837–1,023 | – |
| 3 bedrooms | $1,120 | $1,100 | +1.8% | $1,008–1,232 | – |
| 4 bedrooms | $1,380 | $1,380 | 0% | $1,242–1,518 | – |
Small Area FMRs for the Shelby County, IL. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Shelby County, IL, 2 bedrooms: $946.
What renters pay in 62438
Median gross rent–all sizes
Renter households1310% of occupied homes
No cash rent13households
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 62439 | Lawrenceville | $950 | $814 |
| 62436 | Jewett | $970 | – |
| 62440 | Lerna | $1,180 | $850 |
| 62441 | Marshall | $1,020 | $920 |
| 62434 | Ingraham | $960 | – |
| 62442 | Martinsville | $1,010 | $545 |
Fair Market Rents across Shelby County, IL · All IL counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.