About This Property
Lake Towers is a public housing development in Cowden, IL, offering 4 units in Shelby County. All units are designed as accessible housing. The property serves residents seeking affordable rental accommodations.
Waitlist Information
Waitlist managed by Housing Authority of the County of Shelby.
The waiting list is currently closed. Priority may be given to families with children, elderly applicants, and disabled individuals, with eligibility based on gross income, age, disability status, and US citizenship or eligible immigration. Declining two invitations may result in removal from the waitlist.
Families with children, elderly applicants, and disabled individuals may receive priority placement.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Shelby County, IL
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $574 |
| 1 Bedroom | $637 |
| 2 Bedroom | $837 |
| 3 Bedroom | $1,012 |
| 4 Bedroom | $1,189 |
Income Limits - Shelby County, IL
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $14,250
- Very Low (50%)
- $23,800
- Low (80%)
- $38,050
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $27,200
- Low (80%)
- $43,450
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $30,600
- Low (80%)
- $48,900
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $33,950
- Low (80%)
- $54,300
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $36,700
- Low (80%)
- $58,650
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $39,400
- Low (80%)
- $63,000
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $42,100
- Low (80%)
- $67,350
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $44,850
- Low (80%)
- $71,700
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $14,250 | $23,800 | $38,050 |
| 2 Persons | $17,420 | $27,200 | $43,450 |
| 3 Persons | $21,960 | $30,600 | $48,900 |
| 4 Persons | $26,500 | $33,950 | $54,300 |
| 5 Persons | $31,040 | $36,700 | $58,650 |
| 6 Persons | $35,580 | $39,400 | $63,000 |
| 7 Persons | $40,120 | $42,100 | $67,350 |
| 8 Persons | $44,660 | $44,850 | $71,700 |
Frequently Asked Questions
What is the average rent for affordable housing in Cowden, IL?+
The Fair Market Rent (FMR) for Shelby County, IL is: $574 (Studio), $637 (1BR), $837 (2BR), $1012 (3BR), $1189 (4BR). Actual rent at subsidized properties like Lake Towers is typically 30% of household income or less.
How many units does Lake Towers have?+
Lake Towers has a total of 4 housing units.
What are the income limits for affordable housing in Shelby County, IL?+
For a 4-person household in Shelby County, IL, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $33,950, Low Income (80% AMI): $54,300. These limits are set by HUD and updated annually.
Is there a waitlist for Lake Towers?+
Public Housing waitlist is currently Closed. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Lake Towers?+
Lake Towers is a Public Housing property. To apply, you can start by calling 2177742167, or visiting their website, or contacting the property management office. You may need to submit an application and be placed on a waitlist. Eligibility is typically based on income, family size, and other factors.
Contact Information
Walk Score
Almost All Errands Require a Car
