Fair Market Rent in Lake County, MI

FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.

$763studio

$8171 bedroom

$1,0692 bedrooms

$1,4183 bedrooms

$1,7754 bedrooms

HUD's FY2027 Fair Market Rent for a 2-bedroom home in Lake County is $1,069 a month, +7.5% from FY2026. Lake County is part of the Lake County, MI (a non-metro county area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.

Area-wide Fair Market Rents

Size	FY2027	FY2026	Change	Typical voucher range (90–110%)
Studio	$763	$704	+8.4%	$687–839
1 bedroom	$817	$758	+7.8%	$735–899
2 bedrooms	$1,069	$994	+7.5%	$962–1,176
3 bedrooms	$1,418	$1,367	+3.7%	$1,276–1,560
4 bedrooms	$1,775	$1,660	+6.9%	$1,598–1,953

The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.

Rents by ZIP code in Lake County

Open a ZIP code for every size, the spread of rents and nearby ZIP codes.

ZIP	Place	2-bedroom FMR (ZIP)	Census median, 2 bedrooms	Census median, all sizes
49304	Baldwin	$1,080	$878	$837
49402	Branch	$1,060	$1,292	$1,333
49623	Chase	$1,010	$625	$725
49642	Idlewild	$1,010	$906	$763
49644	Irons	$1,060	–	$930
49656	Luther	$1,100	$1,104	$1,007

Check a rent All of Michigan

Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.