Compare Fair Market Rents — FY2026
| Bedroom | Iron County, MI | Ann Arbor, MI MSA |
|---|---|---|
| Studio | $756 | $1,365 |
| 1-Bedroom | $814 | $1,387 |
| 2-Bedroom | $1,068 | $1,656 |
| 3-Bedroom | $1,281 | $1,986 |
| 4-Bedroom | $1,414 | $2,193 |
Income Limits & Affordability
| Metric | Iron County, MI | Ann Arbor, MI MSA |
|---|---|---|
| Area Median Income (4p) | $75,300 | $142,300 |
| 50% AMI Limit (4p) | $41,800 | $69,200 |
| Income needed for 2BR FMR (30% rule) | $42,720 | $66,240 |