Logo Leelanau County Fair Market Rent FY 2020 Leelanau County, MI Rental Data

Fair Market Rent Prices in Leelanau County, MI :
$649 $657 $790 $1,071 $1,334
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 77% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Leelanau County is $790 per month.

The previous year, rent for a two-bedroom home was $796 per month. This is a 0.75% decrease 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 0 people based on 2000 Census data.

Compared to the rest of Michigan, the Leelanau County FMR area is more expensive than 88% 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 $ 702
1-BR 1-Bedroom $ 710
2-BR 2-Bedroom $ 854
3-BR 3-Bedroom $ 1158
4-BR 4-Bedroom $ 1443
Change Year:

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 0
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