FY2026 Fair Market Rents — Ann Arbor, MI MSA
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,365
1BR
$1,387
2BR
$1,656
3BR
$1,986
4BR
$2,193
Hours/week at min wage
103 hrs
to afford the 2BR FMR @ $12.48/hr (MI)
YoY change (2BR)
+3%
+$49 vs FY2025 · 5-yr +31%
Voucher payment standard
$1,490–$1,822
PHAs set HCV payment at 90–110% of the 2BR FMR
Ann Arbor, MI MSA
Non-Metropolitan area · MI · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,365 | $16,380 |
| 1-Bedroom | $1,387 | $16,644 |
| 2-Bedroom | $1,656 | $19,872 |
| 3-Bedroom | $1,986 | $23,832 |
| 4-Bedroom | $2,193 | $26,316 |
Recent 2-Bedroom FMR Trend
FY2020 $1,124 → FY2026 $1,656
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,365 | $1,387 | $1,656 | $1,986 | $2,193 |
| FY2025 | $1,327 | $1,346 | $1,607 | $1,936 | $2,131 |
| FY2024 | $1,222 | $1,234 | $1,471 | $1,779 | $2,001 |
| FY2023 | $1,148 | $1,153 | $1,384 | $1,684 | $1,926 |
| FY2022 | $1,047 | $1,048 | $1,262 | $1,560 | $1,816 |
| FY2021 | $1,029 | $1,043 | $1,264 | $1,593 | $1,892 |
| FY2020 | $900 | $921 | $1,124 | $1,445 | $1,767 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $142,300
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $29,050 | $33,200 | $37,350 | $41,500 | $44,850 | $48,150 |
| 50% AMI (Very Low) | $48,450 | $55,400 | $62,300 | $69,200 | $74,750 | $80,300 |
| 80% AMI (Low) | $74,800 | $85,450 | $96,150 | $106,800 | $115,350 | $123,900 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$19,872/yr
FMR as % of Area Median Income
14% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$66,240/yr
$5,520/mo gross income
FY2026 LIHTC Maximum Rents
Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →
| AMI Band | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| 50% AMI Maximum | $1,245 | $1,423 | $1,600 | $1,921 | $2,063 |
| 60% AMI Maximum | $1,494 | $1,707 | $1,921 | $2,305 | $2,476 |
FY2026 HOME Program Rent Limits
Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →
| Limit Type | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| High HOME Rent | $1,365 | $1,387 | $1,656 | $1,986 | $2,193 |
| Low HOME Rent | $1,211 | $1,385 | $1,557 | $1,730 | $1,868 |
Compare Ann Arbor, MI MSA With Other MI Metros
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