Rent in Lake County, MI at a glance
2-bedroom rent (HUD)
$994$11,928 a year · HUD fiscal year 2026From October 1, 2026: $1,069 (+7.5%)How much rent can you afford in Lake County, MI?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Lake County, 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 | $704 | $8,448 | $28,160 | $13.54/hr |
| 1 bedroom | $758 | $9,096 | $30,320 | $14.58/hr |
| 2 bedroomsMost searched | $994 | $11,928 | $39,760 | $19.12/hr |
| 3 bedrooms | $1,367 | $16,404 | $54,680 | $26.29/hr |
| 4 bedrooms | $1,660 | $19,920 | $66,400 | $31.92/hr |
Cost of living in Lake County, MI: income, prices and a budget →
Living and working in Lake County, MI
Rent in Lake County, MI: common questions
How much is rent going up in Lake County, MI in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,069 for a two-bedroom, up 7.5% from $994. A one-bedroom goes from $758 to $817, a studio from $704 to $763.
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 Lake County, MI?
HUD's Fair Market Rent for 2026 is $758 for a one-bedroom and $994 for a two-bedroom, utilities included. That is $11,928 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 Lake County, MI?
To keep a $994 two-bedroom at 30% of gross pay, one full-time worker needs $19.12 an hour, or $39,760 a year. A one-bedroom at $758 takes $14.58 an hour.
How much is a 1, 2 or 3-bedroom apartment in Lake County, MI?
At HUD's 2026 Fair Market Rent: studio $704, one bedroom $758, two $994, three $1,367 and four $1,660 a month.
Is rent affordable in Lake County, MI?
For the typical household, earning $50,805 a year ($4,234 a month, Census ACS), a two-bedroom at $994 takes 23.5% 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: ($994 × 12) ÷ 0.30 = $39,760. Divided by 2,080 working hours, that is $19.12 an hour.