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Rent by ZIP · Iron County

Rent in Iron River, MI 49935

HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,180 (+7.3% vs FY2026). Renters in this ZIP code pay a median $490 a month, including utilities.

Rent by number of bedrooms

SizeSAFMR FY2027FY2026ChangeTypical voucher rangeCensus median rent
Studio$840$780+7.7%$756–924$467 ±$90
1 bedroom$900$840+7.1%$810–990$374 ±$23
2 bedrooms$1,180$1,100+7.3%$1,062–1,298$946 ±$187
3 bedrooms$1,410$1,320+6.8%$1,269–1,551$496 ±$290
4 bedrooms$1,550$1,460+6.2%$1,395–1,705–

Small Area FMRs for the Iron County, MI. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.

Area-wide FMR for Iron County, MI, 2 bedrooms: $1,132.

What renters pay in 49935

Median gross rent$490±$168 · all sizes
Renter households52820% of occupied homes
No cash rent131households

How rents are spread

Under $1,00080%
$1,000–1,49920%
$1,500–1,9990%
$2,000–2,4991%
$2,500–2,9990%
$3,000–3,4990%
$3,500+0%

Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).

Nearby ZIP codes

ZIPPlace2-bedroom FMRCensus median, 2 bedrooms
49934Hubbell$1,070–
49938Ironwood$1,020$638
49931Houghton$1,230$1,026
49930Hancock$1,010$867
49929Greenland$1,010–
49927Gaastra$1,170$685

Fair Market Rents across Iron County, MI · All MI counties · What is Fair Market Rent?

Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.