Rent in Ann Arbor, MI at a glance
2-bedroom rent (HUD)
$1,656$19,872 a year · HUD fiscal year 2026From October 1, 2026: $1,804 (+8.9%)How much rent can you afford in Ann Arbor, MI?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Ann Arbor, MI by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $1,365 | $16,380 | $54,600 | $26.25/hr |
| 1 bedroom | $1,387 | $16,644 | $55,480 | $26.67/hr |
| 2 bedroomsMost searched | $1,656 | $19,872 | $66,240 | $31.85/hr |
| 3 bedrooms | $1,986 | $23,832 | $79,440 | $38.19/hr |
| 4 bedrooms | $2,193 | $26,316 | $87,720 | $42.17/hr |
Cost of living in Ann Arbor, MI: income, prices and a budget →
Living and working in Ann Arbor, MI
Rent in Ann Arbor, MI: common questions
How much is rent going up in Ann Arbor, MI in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,804 for a two-bedroom, up 8.9% from $1,656. A one-bedroom goes from $1,387 to $1,503, a studio from $1,365 to $1,458.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Ann Arbor, MI?
HUD's Fair Market Rent for 2026 is $1,387 for a one-bedroom and $1,656 for a two-bedroom, utilities included. That is $19,872 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Ann Arbor, MI?
To keep a $1,656 two-bedroom at 30% of gross pay, one full-time worker needs $31.85 an hour, or $66,240 a year. A one-bedroom at $1,387 takes $26.67 an hour.
How much is a 1, 2 or 3-bedroom apartment in Ann Arbor, MI?
At HUD's 2026 Fair Market Rent: studio $1,365, one bedroom $1,387, two $1,656, three $1,986 and four $2,193 a month.
Is rent affordable in Ann Arbor, MI?
For the typical household, earning $82,212 a year ($6,851 a month, Census ACS), a two-bedroom at $1,656 takes 24.2% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,656 × 12) ÷ 0.30 = $66,240. Divided by 2,080 working hours, that is $31.85 an hour.