HUD Fair Market Rent · FY 2026 · Effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Leelanau County, Michigan (FY 2026)
A two-bedroom in Leelanau County carries a FY 2026 Fair Market Rent of $1,497 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Leelanau keys off that figure.
Two-bedroom FMR
$1,497
+12.7% from FY 2025
Payment standard
$1,347–$1,647
90% to 110% of the FMR, two-bedroom
Income to afford
$59,880
a year, with rent at 30% of income
Rank in Michigan
4th of 83
by two-bedroom FMR, highest first
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Leelanau moves to $1,500. That's unchanged. The full FY 2027 table is in the history section below.
FY 2026 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,106 | $995–$1,217 | $44,240 | $21.27/hr | +18.9% |
| 1 bedroom | $1,366 | $1,229–$1,503 | $54,640 | $26.27/hr | +15.5% |
| 2 bedroom | $1,497 | $1,347–$1,647 | $59,880 | $28.79/hr | +12.7% |
| 3 bedroom | $1,795 | $1,616–$1,975 | $71,800 | $34.52/hr | +12.2% |
| 4 bedroom | $1,982 | $1,784–$2,180 | $79,280 | $38.12/hr | +12.5% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $2,279 | $2,051–$2,507 |
| 6 bedroom Estimate | $2,577 | $2,319–$2,835 |
| 7 bedroom Estimate | $2,874 | $2,587–$3,161 |
| 8 bedroom Estimate | $3,171 | $2,854–$3,488 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Leelanau actually rent for?
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Leelanau somewhere between $1,347 and $1,647. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,497 a month is affordable, by HUD's 30% rule, on an income of roughly $59,880 a year. Put another way, $29 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$1,347 | Voucher pays at 100%$1,497 | Voucher pays at 110%$1,647 |
|---|---|---|---|---|
| $2,500 | $750 | $597 | $747 | $897 |
| $4,000 | $1,200 | $147 | $297 | $447 |
Rate history
The two-bedroom rate went up 13% from FY 2025 ($1,328) to FY 2026 ($1,497). Since FY 2020 it's up 89% in total, about 11.2% a year. The Michigan median moved up 7% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $649 | $657 | $790 | $1,071 | $1,334 | — |
| FY 2021 | $669 | $709 | $873 | $1,185 | $1,512 | +10.5% |
| FY 2022 | $658 | $739 | $933 | $1,234 | $1,597 | +6.9% |
| FY 2023 | $731 | $822 | $1,057 | $1,336 | $1,800 | +13.3% |
| FY 2024 | $894 | $993 | $1,279 | $1,546 | $1,703 | +21.0% |
| FY 2025 | $930 | $1,183 | $1,328 | $1,600 | $1,761 | +3.8% |
| FY 2026In effect | $1,106 | $1,366 | $1,497 | $1,795 | $1,982 | +12.7% |
| FY 2027From Oct 1, 2026 | $1,308 | $1,316 | $1,500 | $1,787 | $1,971 | +0.2% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Leelanau, that runs from $1,106 for a studio up to $1,982 for four bedrooms, all five rates in the table above.
Leelanau is its own HUD metro area (Leelanau County, MI), so the rate here is set from rents inside the county rather than a wider region.
Among Michigan's 83 counties, Leelanau ranks 4th for two-bedroom FMR. That's about 45% above the state median of $1,033 and about 47% above the national median county at $1,018. About 22,426 people live here, 63rd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,200 in 49653 (Lake Leelanau) and $1,720 in 49670 (Northport), with the 9 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
Nearby counties
Two-bedroom FMR, with how each compares to Leelanau.
Grand Traverse County
20 mi · 95,315 people
$1,357
-9%
Benzie County
26 mi · 18,058 people
$1,224
-18%
Antrim County
28 mi · 23,662 people
$1,162
-22%
Kalkaska County
32 mi · 17,934 people
$973
-35%
Charlevoix County
41 mi · 26,174 people
$1,039
-31%
Wexford County
42 mi · 33,766 people
$1,084
-28%
Manistee County
45 mi · 25,058 people
$1,048
-30%
Otsego County
57 mi · 25,221 people
$1,100
-27%
Questions people ask
$1,497 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,106 for a studio, $1,366 for one bedroom, $1,795 for three and $1,982 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Leelanau actually go for?
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