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RentData.org Logo Leelanau County Fair Market Rent FY 2024 Leelanau County, MI Rental Data

Fair Market Rent Prices in Leelanau County, MI :
$894 $993 $1,279 $1,546 $1,703
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Leelanau County are high compared to the national average. This FMR area is more expensive than 84% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Leelanau County is $1,279 per month.

The previous year, rent for a two-bedroom home was $1,057 per month. This is a 21% increase year-over-year.

This FMR rate applies to Omena, MI, Glen Arbor, MI, Leland, MI, Lake Leelanau, MI, Northport, MI, Cedar, MI, Suttons Bay, MI and other cities within the region. The Metro Code or CBSA code for this region is NCNTY26089N26089.

Additionally, This Fair Market Rent (FMR) area Leelanau County, MI spans one county or city in Michigan which is listed in the table below. Estimated population of Leelanau County, MI FMR area is 21,649 people based on latest Census data.

Compared to the rest of Michigan, the Leelanau County FMR area is more expensive than 92% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Leelanau County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Leelanau County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 969
1-BR 1-Bedroom $ 1076
2-BR 2-Bedroom $ 1386
3-BR 3-Bedroom $ 1676
4-BR 4-Bedroom $ 1846
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Leelanau County, MI FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Traverse City - Cadillac.

County / Region Est. Population
Leelanau County, MI 21,649
Zip Codes in Leelanau County, MI

There are 7 unique zip codes in this Fair Market Rent (FMR) area:

49621, 49636, 49653, 49654, 49670, 49674 and 49682

Lookup Fair Market Rent by Zip Code

What's Next?

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