Lake 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 Lake County are Cadillac, Reed City, Baldwin, and Leroy. 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 Lake County use?

No Small Area Fair Market Rents were created by the HUD for this county/Metro FMR Area therefore Lake 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 Lake County compare?

Lake County ($905) has a 10.8% lower FMR for 2-Bedroom housing than the average of Michigan ($1,015) and therefore has a lower gross rent.

Lake County is rank 53rd out of 83 counties. This means the FMRs, or in other words, the gross rent is lower than 52 other counties. Lake County is the 31st cheapest county in terms of FMRs.

Rent Tables Lake County, MI

Fair Market Rent (40th Percentile)

$633
studio
$734
1-Bedroom
$905
2-Bedroom
$1,275
3-Bedroom
$1,536
4-Bedroom

Median Rent (50th Percentile)

$665
studio
$771
1-Bedroom
$951
2-Bedroom
$1,340
3-Bedroom
$1,614
4-Bedroom

Fair Market Rents on this page apply to the following cities in Lake County, Michigan: Cadillac, Reed City, Baldwin, Leroy, Tustin, Irons, Bitely, Luther, Branch, Chase, and Idlewild.

These Fair Market Rents also apply to the following ZIP codes in Lake County, Michigan: 49601, 49677, 49304, 49655, 49688, 49644, 49309, 49656, 49402, 49623, and 49642.

More on Lake County, MI

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Data Source

HUD Seal

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