Alger County, MI

2024 Fair Market Rents

Tags: 2024 40th percentile Michigan

Return to the state page to see where Michigan ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Alger County are Munising, Rapid River, Skandia, and Wetmore. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Alger County use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Alger County uses 40th percentile Fair Market Rents.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Alger County compare?

Alger County ($991) has a 2.4% lower FMR for 2-Bedroom housing than the average of Michigan ($1,015) and therefore has a lower gross rent.

Alger County is rank 37th out of 83 counties. This means the FMRs, or in other words, the gross rent is higher than 46 other counties. Alger County is the 37th most expensive county in terms of FMRs.

Rent Tables Alger County, MI

Fair Market Rent (40th Percentile)

$693
studio
$768
1-Bedroom
$991
2-Bedroom
$1,198
3-Bedroom
$1,405
4-Bedroom

Median Rent (50th Percentile)

$711
studio
$788
1-Bedroom
$1,017
2-Bedroom
$1,230
3-Bedroom
$1,441
4-Bedroom

Fair Market Rents on this page apply to the following cities in Alger County, Michigan: Munising, Rapid River, Skandia, Wetmore, Chatham, Trenary, Au Train, Deerton, Eben Junction, Rumely, Grand Marais, and Shingleton.

These Fair Market Rents also apply to the following ZIP codes in Alger County, Michigan: 49862, 49878, 49885, 49895, 49816, 49891, 49806, 49822, 49825, 49826, 49839, and 49884.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.