FMR is below market; voucher rent may lag private rents.
0.78
1 BR
1 BR- 48118
0.81ratio
FMR$1,690
Market$2,080
vs market-$390
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 48118
0.93ratio
FMR$2,030
Market$2,180
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 48118
0.98ratio
FMR$2,440
Market$2,490
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.98
4 BR
4 BR- 48118
1.09ratio
FMR$2,670
Market$2,440
vs market+$230
FMR is near market; voucher and private rents are aligned.
1.09
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Chelsea, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Chelsea, MI is $2,030 a month. That is up 3.6% from $1,960 in FY 2026. Chelsea is in the Ann Arbor, MI MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,804. The median county two-bedroom FMR in Michigan is $1,085, so Chelsea is 87% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Chelsea, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,620
$1,640
+1.2%
$1,476–$1,804
1BR
$1,640
$1,690
+3.0%
$1,521–$1,859
2BR
$1,960
$2,030
+3.6%
$1,827–$2,233
3BR
$2,350
$2,440
+3.8%
$2,196–$2,684
4BR
$2,600
$2,670
+2.7%
$2,403–$2,937
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Chelsea, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,640
$1,690
$2,030
$2,440
$2,670
FY 2026
$1,620
$1,640
$1,960
$2,350
$2,600
FY 2025
$1,610
$1,630
$1,950
$2,350
$2,590
FY 2024
$1,380
$1,390
$1,660
$2,010
$2,260
FY 2023
$1,180
$1,180
$1,420
$1,730
$1,980
Questions about Chelsea, MI rents
How much will Section 8 pay for a two-bedroom in Chelsea, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,804, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,624 to $1,984 a month; under the ZIP-level Small Area FMR of $2,030 it would be $1,827 to $2,233. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Chelsea, MI in?
Chelsea, MI is in the Ann Arbor, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,804.
How much did fair market rent change in Chelsea, MI for FY 2027?
The two-bedroom FMR rose 3.6%, from $1,960 in FY 2026 to $2,030 in FY 2027. Since FY 2023 it has risen 43.0%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set