About This Property
Cornerstone Apts is a 12-unit affordable housing community in Shelbyville, IL that has been in service since 1989. The property contains eight one-bedroom units and four two-bedroom units designated for low-income residents. This Shelby County property is currently managed and available for occupancy.
Waitlist Information
Waitlist managed by Housing Authority of the County of Shelby.
Eligibility is based on specific income criteria, not exceeding 50% of the Area Median Income. Priority placement may be given for families with children, elderly applicants, disabled individuals, and veterans; declining two invitations purges an application from the waitlist.
Eligibility is based on specific income criteria. Families with children, elderly applicants, and disabled individuals may receive priority placement; declining two invitations purges an application from the waitlist.
Waitlist data provided by section8waitlist.org
Updated May 28, 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 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Shelbyville, 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 Cornerstone Apts is typically 30% of household income or less.
What size apartments are available at Cornerstone Apts?+
Cornerstone Apts offers the following unit types: 8 One-Bedroom, 4 Two-Bedroom units, for a total of 12 units.
Who manages Cornerstone Apts?+
Cornerstone Apts is managed by . You can reach them at . Visit their website for more information.
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.
How do I apply for housing at Cornerstone Apts?+
Cornerstone Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What is the price range for apartments in Shelbyville, IL?+
Based on Fair Market Rent for Shelby County, the estimated price range is: 1-bedroom: $637, 2-bedroom: $837. Actual rent at Cornerstone Apts may be lower for income-eligible households.
Is there a waitlist for Cornerstone Apts?+
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.
Contact Information
Walk Score
Car-Dependent
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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