FY2026 Fair Market Rents — Cheboygan County
Studio
$746
1BR
$803
2BR
$1,054
3BR
$1,264
4BR
$1,403
Cheboygan County, Michigan
FIPS 26031 · County-level FMR and income limit data
FMR Area: Cheboygan County, MI
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $746 | $8,952 |
| 1-Bedroom | $803 | $9,636 |
| 2-Bedroom | $1,054 | $12,648 |
| 3-Bedroom | $1,264 | $15,168 |
| 4-Bedroom | $1,403 | $16,836 |
To afford the FY2026 2-bedroom FMR of $1,054/mo under the 30%-of-income rule, a household needs about
$42,160/yr ($3,513/mo). Area Median Income is $79,500.
At MI's state minimum wage of $12.48/hr, a worker would need to work 65 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $746 | $803 | $1,054 | $1,264 | $1,403 |
| FY2025 | $674 | $749 | $983 | $1,184 | $1,303 |
| FY2024 | $677 | $760 | $999 | $1,208 | $1,330 |
| FY2023 | $584 | $663 | $873 | $1,062 | $1,173 |
| FY2022 | $537 | $590 | $776 | $959 | $1,052 |
| FY2021 | $504 | $558 | $735 | $928 | $997 |
| FY2020 | $495 | $548 | $713 | $933 | $966 |
FY2026 Income Limits
Area Median Income: $79,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,600 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,300 | $33,450 | $37,650 | $41,800 | $45,150 | $48,500 |
| 80% AMI | $46,850 | $53,550 | $60,250 | $66,900 | $72,300 | $77,650 |