What is the Fair Market Rent for a 2-bedroom in Leelanau County, MI HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Leelanau County, MI HUD Metro FMR Area is $1,497 per month for fiscal year 2026. The studio FMR is $1,106, 1-bedroom is $1,366, 3-bedroom is $1,795, and 4-bedroom is $1,982.

What income do you need to afford the FMR in Leelanau County, MI HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $59,880 per year ($4,990 per month) to afford the FY2026 2-bedroom Fair Market Rent of $1,497 in Leelanau County, MI HUD Metro FMR Area.

FY2026 Fair Market Rents — Leelanau County, MI HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$1,106

1BR

$1,366

2BR

$1,497

3BR

$1,795

4BR

$1,982

Hours/week at min wage

93 hrs

to afford the 2BR FMR @ $12.48/hr (MI)

National rank

#191

of 661 U.S. metros (top 30% most expensive)

Voucher payment standard

$1,347–$1,647

PHAs set HCV payment at 90–110% of the 2BR FMR

Leelanau County, MI HUD Metro FMR Area

Metropolitan area · MI · View full history · Income limits · LIHTC rents

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$1,106	$13,272
1-Bedroom	$1,366	$16,392
2-Bedroom	$1,497	$17,964
3-Bedroom	$1,795	$21,540
4-Bedroom	$1,982	$23,784

FY2026 Income Limits

Area Median Income (AMI): $122,100

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$25,700	$29,350	$33,000	$36,650	$39,600	$44,360
50% AMI (Very Low)	$42,750	$48,850	$54,950	$61,050	$65,950	$70,850
80% AMI (Low)	$68,400	$78,200	$87,950	$97,700	$105,550	$113,350

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$17,964/yr

FMR as % of Area Median Income

14.7% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$59,880/yr

$4,990/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	$1,068	$1,221	$1,373	$1,648	$1,770
60% AMI Maximum	$1,282	$1,465	$1,648	$1,978	$2,124

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	$1,106	$1,366	$1,497	$1,795	$1,982
Low HOME Rent	$1,068	$1,221	$1,373	$1,526	$1,648

Compare Leelanau County, MI HUD Metro FMR Area With Other MI Metros

vs. Ann Arbor, MI MSA vs. Barry County, MI HUD Metro FMR Area vs. Battle Creek, MI MSA vs. Bay City, MI MSA vs. Benzie County, MI HUD Metro FMR Area

Counties in This FMR Area

Leelanau County