Logo Ann Arbor Fair Market Rent FY 2022 Ann Arbor, MI MSA Rental Data

Fair Market Rent Prices in Ann Arbor, MI :
$1,047 $1,048 $1,262 $1,560 $1,816
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Ann Arbor are very high compared to the national average. This FMR area is more expensive than 93% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Ann Arbor is $1,262 per month.

The previous year, rent for a two-bedroom home was $1,264 per month. This is a 0.16% decrease year-over-year.

This FMR rate applies to Salem, MI, Whittaker, MI, Dexter, MI, Northville, MI, Plymouth, MI, Ypsilanti, MI, Ann Arbor, MI and other cities within the region. The Metro Code or CBSA code for this region is METRO11460M11460.

Additionally, This Fair Market Rent (FMR) area Ann Arbor, MI MSA spans one county or city in Michigan which is listed in the table below. Estimated population of Ann Arbor, MI MSA FMR area is 361,510 people based on latest Census data.

Compared to the rest of Michigan, the Ann Arbor FMR area is more expensive than 100% 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 Ann Arbor. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Ann Arbor

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 $ 1136
1-BR 1-Bedroom $ 1137
2-BR 2-Bedroom $ 1369
3-BR 3-Bedroom $ 1692
4-BR 4-Bedroom $ 1970
Change Year:

There is just one county (listed below) within the Ann Arbor, MI MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Detroit.

County / Region Est. Population
Ann Arbor, MI Metro 361,510
Zip Codes in Ann Arbor, MI MSA

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

48103, 48104, 48105, 48106, 48107, 48108, 48109, 48113, 48130, 48168, 48170, 48175, 48190, 48197 and 48198

Lookup Fair Market Rent by Zip Code