Grand Traverse County
FY 2026 HUD Fair Market Rents in Michigan. Population: 95,315.
Fair Market Rents (2026)
Studio
National avg: $893
$1,136/mo
↑ 8.7% YoY
+27% vs US
1 Bedroom
National avg: $959
$1,143/mo
↑ 8.8% YoY
+19% vs US
2 Bedroom
National avg: $1,175
$1,357/mo
↑ 8.4% YoY
+15% vs US
3 Bedroom
National avg: $1,525
$1,747/mo
↑ 13.1% YoY
+15% vs US
4 Bedroom
National avg: $1,756
$1,797/mo
↑ 8.3% YoY
+2% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,045 | $1,136 | +$91 (+8.7%) |
| 1 Bedroom | $1,051 | $1,143 | +$92 (+8.8%) |
| 2 Bedroom | $1,252 | $1,357 | +$105 (+8.4%) |
| 3 Bedroom | $1,544 | $1,747 | +$203 (+13.1%) |
| 4 Bedroom | $1,660 | $1,797 | +$137 (+8.3%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$45,720
$3,810/month gross
Required annual income for 2 BR
$54,280
$4,523/month gross
Other Counties in Michigan
Lapeer County
1 BR: $1,122/mo
Midland County
1 BR: $925/mo
Bay County
1 BR: $814/mo
Baraga County
1 BR: $742/mo
Livingston County
1 BR: $1,264/mo
St. Clair County
1 BR: $1,122/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.