Rental Benchmark Overview
2-Bedroom Benchmark Rent
$976$11,712 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Newaygo County, MI
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Newaygo County, 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 | $691 | $8,292 | $27,640 | $13.29/hr |
| 1-Bedroom Apartment | $744 | $8,928 | $29,760 | $14.31/hr |
| 2-Bedroom ApartmentStandard Benchmark | $976 | $11,712 | $39,040 | $18.77/hr |
| 3-Bedroom Home | $1,294 | $15,528 | $51,760 | $24.88/hr |
| 4-Bedroom Home | $1,298 | $15,576 | $51,920 | $24.96/hr |
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Frequently Asked Questions About Rent in Newaygo County, MI
What is the Fair Market Rent for a 2-bedroom in Newaygo County, MI?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Newaygo County, MI is $976 per month ($11,712 per year).
What hourly wage is needed to afford rent in Newaygo County, MI?
To comfortably afford a 2-bedroom apartment at $976/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.77 per hour ($39,040/year).
What are the HUD Fair Market Rents by bedroom count in Newaygo County, MI?
Official 2026 HUD rents in Newaygo County, MI are: Studio: $691/mo, 1-Bedroom: $744/mo, 2-Bedroom: $976/mo, 3-Bedroom: $1,294/mo, and 4-Bedroom: $1,298/mo.
How do HUD Fair Market Rents compare to local incomes in Newaygo County, MI?
At the local Census ACS median household income of $63,304/year ($5,275/month), the benchmark 2-bedroom Fair Market Rent represents 18.5% of monthly income.
How is the 30% housing affordability standard calculated in Newaygo County, MI?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $976/month, the required minimum annual gross income is calculated as ($976 × 12) ÷ 0.30 = $39,040 per year.