Lake County
FY 2026 HUD Fair Market Rents in Michigan. Population: 12,285.
Fair Market Rents (2026)
Studio
National avg: $893
$704/mo
↑ 7.6% YoY
-21% vs US
1 Bedroom
National avg: $959
$758/mo
↑ 1.2% YoY
-21% vs US
2 Bedroom
National avg: $1,175
$994/mo
↑ 6.5% YoY
-15% vs US
3 Bedroom
National avg: $1,525
$1,367/mo
↑ 4.6% YoY
-10% vs US
4 Bedroom
National avg: $1,756
$1,660/mo
↑ 5.9% YoY
-5% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $654 | $704 | +$50 (+7.6%) |
| 1 Bedroom | $749 | $758 | +$9 (+1.2%) |
| 2 Bedroom | $933 | $994 | +$61 (+6.5%) |
| 3 Bedroom | $1,307 | $1,367 | +$60 (+4.6%) |
| 4 Bedroom | $1,567 | $1,660 | +$93 (+5.9%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$30,320
$2,527/month gross
Required annual income for 2 BR
$39,760
$3,313/month gross
Other Counties in Michigan
Genesee County
1 BR: $856/mo
Montcalm County
1 BR: $1,016/mo
Menominee County
1 BR: $771/mo
Charlevoix County
1 BR: $800/mo
Alger County
1 BR: $817/mo
Kalkaska County
1 BR: $766/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.