Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,656$19,872 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Ann Arbor, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Ann Arbor, MI
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $1,365 | $16,380 | $54,600 | $26.25/hr |
| 1-Bedroom Apartment | $1,387 | $16,644 | $55,480 | $26.67/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,656 | $19,872 | $66,240 | $31.85/hr |
| 3-Bedroom Home | $1,986 | $23,832 | $79,440 | $38.19/hr |
| 4-Bedroom Home | $2,193 | $26,316 | $87,720 | $42.17/hr |
See comprehensive cost of living profile for Ann Arbor, MI →
Explore Related Regional Profiles
Connect housing costs with earnings, taxes, and price levels across Michigan:
Frequently Asked Questions About Rent in Ann Arbor, MI
What is the Fair Market Rent for a 2-bedroom in Ann Arbor, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Ann Arbor, MI is $1,656 per month ($19,872 per year).
What hourly wage is needed to afford rent in Ann Arbor, MI?
To comfortably afford a 2-bedroom apartment at $1,656/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $31.85 per hour ($66,240/year).
What are the HUD Fair Market Rents by bedroom count in Ann Arbor, MI?
Official 2026 HUD rents in Ann Arbor, MI are: Studio: $1,365/mo, 1-Bedroom: $1,387/mo, 2-Bedroom: $1,656/mo, 3-Bedroom: $1,986/mo, and 4-Bedroom: $2,193/mo.
How do HUD Fair Market Rents compare to local incomes in Ann Arbor, MI?
At the local Census ACS median household income of $82,212/year ($6,851/month), the benchmark 2-bedroom Fair Market Rent represents 24.2% of monthly income.
How is the 30% housing affordability standard calculated in Ann Arbor, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,656/month, the required minimum annual gross income is calculated as ($1,656 × 12) ÷ 0.30 = $66,240 per year.