FMR is below market; voucher rent may lag private rents.
0.88
1 BR
1 BR- 48837
0.90ratio
FMR$1,010
Market$1,120
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.90
2 BR
2 BR- 48837
0.93ratio
FMR$1,270
Market$1,360
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 48837
1.01ratio
FMR$1,620
Market$1,610
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR- 48837
1.02ratio
FMR$1,740
Market$1,700
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
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
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Grand Ledge, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Grand Ledge, MI is $1,270 a month. That is up 5.8% from $1,200 in FY 2026. Grand Ledge is in the Lansing-East Lansing, 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 $1,323. The median county two-bedroom FMR in Michigan is $1,085, so Grand Ledge is 17% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Grand Ledge, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$920
$990
+7.6%
$891–$1,089
1BR
$960
$1,010
+5.2%
$909–$1,111
2BR
$1,200
$1,270
+5.8%
$1,143–$1,397
3BR
$1,540
$1,620
+5.2%
$1,458–$1,782
4BR
$1,600
$1,740
+8.8%
$1,566–$1,914
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Grand Ledge, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,010
$1,270
$1,620
$1,740
FY 2026
$920
$960
$1,200
$1,540
$1,600
FY 2025
$840
$880
$1,090
$1,420
$1,520
FY 2024
$830
$870
$1,070
$1,400
$1,430
FY 2023
$820
$850
$1,040
$1,350
$1,400
Questions about Grand Ledge, MI rents
How much will Section 8 pay for a two-bedroom in Grand Ledge, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,323, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,191 to $1,455 a month; under the ZIP-level Small Area FMR of $1,270 it would be $1,143 to $1,397. 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 Grand Ledge, MI in?
Grand Ledge, MI is in the Lansing-East Lansing, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,323.
How much did fair market rent change in Grand Ledge, MI for FY 2027?
The two-bedroom FMR rose 5.8%, from $1,200 in FY 2026 to $1,270 in FY 2027. Since FY 2023 it has risen 22.1%.
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