Iron County
FY 2026 HUD Fair Market Rents in Michigan. Population: 11,585.
Fair Market Rents (2026)
Studio
National avg: $893
$756/mo
↑ 15.6% YoY
-15% vs US
1 Bedroom
National avg: $959
$814/mo
↑ 14.5% YoY
-15% vs US
2 Bedroom
National avg: $1,175
$1,068/mo
↑ 14.5% YoY
-9% vs US
3 Bedroom
National avg: $1,525
$1,281/mo
↑ 11.3% YoY
-16% vs US
4 Bedroom
National avg: $1,756
$1,414/mo
↑ 14.3% YoY
-19% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $654 | $756 | +$102 (+15.6%) |
| 1 Bedroom | $711 | $814 | +$103 (+14.5%) |
| 2 Bedroom | $933 | $1,068 | +$135 (+14.5%) |
| 3 Bedroom | $1,151 | $1,281 | +$130 (+11.3%) |
| 4 Bedroom | $1,237 | $1,414 | +$177 (+14.3%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$32,560
$2,713/month gross
Required annual income for 2 BR
$42,720
$3,560/month gross
Other Counties in Michigan
Cheboygan County
1 BR: $803/mo
Jackson County
1 BR: $946/mo
Delta County
1 BR: $742/mo
Huron County
1 BR: $806/mo
Oceana County
1 BR: $742/mo
Alcona County
1 BR: $807/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.