FY2026 Fair Market Rents — Monroe County
Studio
$914
1BR
$1,011
2BR
$1,326
3BR
$1,605
4BR
$2,147
Monroe County, Michigan
FIPS 26115 · County-level FMR and income limit data
FMR Area: Monroe, MI MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $914 | $10,968 |
| 1-Bedroom | $1,011 | $12,132 |
| 2-Bedroom | $1,326 | $15,912 |
| 3-Bedroom | $1,605 | $19,260 |
| 4-Bedroom | $2,147 | $25,764 |
To afford the FY2026 2-bedroom FMR of $1,326/mo under the 30%-of-income rule, a household needs about
$53,040/yr ($4,420/mo). Area Median Income is $95,200.
At MI's state minimum wage of $12.48/hr, a worker would need to work 82 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $914 | $1,011 | $1,326 | $1,605 | $2,147 |
| FY2025 | $867 | $963 | $1,264 | $1,570 | $2,011 |
| FY2024 | $788 | $885 | $1,163 | $1,452 | $1,885 |
| FY2023 | $717 | $817 | $1,072 | $1,367 | $1,750 |
| FY2022 | $631 | $723 | $941 | $1,237 | $1,503 |
| FY2021 | $626 | $691 | $899 | $1,220 | $1,327 |
| FY2020 | $623 | $656 | $850 | $1,150 | $1,154 |
FY2026 Income Limits
Area Median Income: $95,200
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $20,000 | $22,850 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $33,350 | $38,100 | $42,850 | $47,600 | $51,450 | $55,250 |
| 80% AMI | $53,350 | $60,950 | $68,550 | $76,150 | $82,250 | $88,350 |