Sherman, IL

City

Rent in Sherman

Median Gross Rent

$2,041

Rent-to-Income Ratio

22.8%

Renter Share

9.8%

Median Renter Income

$130,425

Avg Household Size

3.3

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

2 Bedrooms: $1,051
3 Bedrooms: $2,075

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 6.4%
$1,000-$1,500: 32.0%
$1,500-$2,000: 7.0%
$2,000-$2,500: 54.5%
$2,500+: 0.0%
No Cash Rent: 0.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 28.2%
20-30% (moderate): 44.9%
30-50% (cost-burdened): 14.1%
50%+ (severely cost-burdened): 12.8%
Not Computed: 0.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $162,625
Renter Households: $130,425

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 30.1%
$1,000-$1,500: 15.4%
$1,500-$2,000: 46.1%
$2,000-$2,500: 8.3%
$2,500+: 0.0%
No Cash Rent: 0.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Nearby Neighborhoods in Sherman

Neighborhood

Sangamon, IL

Peabody / Georgetowne Oaks

Devereux Heights / Streadle

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources