Rent in Niles, MI at a glance
2-bedroom rent (HUD)
$1,184$14,208 a year · HUD fiscal year 2026From October 1, 2026: $1,152 (−2.7%)How much rent can you afford in Niles, MI?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Niles, 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 | $816 | $9,792 | $32,640 | $15.69/hr |
| 1 bedroom | $902 | $10,824 | $36,080 | $17.35/hr |
| 2 bedroomsMost searched | $1,184 | $14,208 | $47,360 | $22.77/hr |
| 3 bedrooms | $1,556 | $18,672 | $62,240 | $29.92/hr |
| 4 bedrooms | $1,568 | $18,816 | $62,720 | $30.15/hr |
Living and working in Niles, MI
Rent in Niles, MI: common questions
How much is rent going down in Niles, MI in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,152 for a two-bedroom, down 2.7% from $1,184. A one-bedroom goes from $902 to $887, a studio from $816 to $802.
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 Niles, MI?
HUD's Fair Market Rent for 2026 is $902 for a one-bedroom and $1,184 for a two-bedroom, utilities included. That is $14,208 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 Niles, MI?
To keep a $1,184 two-bedroom at 30% of gross pay, one full-time worker needs $22.77 an hour, or $47,360 a year. A one-bedroom at $902 takes $17.35 an hour.
How much is a 1, 2 or 3-bedroom apartment in Niles, MI?
At HUD's 2026 Fair Market Rent: studio $816, one bedroom $902, two $1,184, three $1,556 and four $1,568 a month.
Is rent affordable in Niles, MI?
For the typical household, earning $51,376 a year ($4,281 a month, Census ACS), a two-bedroom at $1,184 takes 27.7% 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: ($1,184 × 12) ÷ 0.30 = $47,360. Divided by 2,080 working hours, that is $22.77 an hour.