FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR- 48457
0.87ratio
FMR$840
Market$970
vs market-$130
FMR is below market; voucher rent may lag private rents.
0.87
2 BR
2 BR- 48457
1.00ratio
FMR$1,030
Market$1,030
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
3 BR
3 BR- 48457
1.07ratio
FMR$1,300
Market$1,220
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR- 48457
0.99ratio
FMR$1,440
Market$1,450
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
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
--
Montrose, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Montrose, MI is $1,030 a month. That is up 4.0% from $990 in FY 2026. Montrose is in the Saginaw, 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 $1,141. The median county two-bedroom FMR in Michigan is $1,085, so Montrose is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Montrose, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$690
$720
+4.3%
$648–$792
1BR
$800
$840
+5.0%
$756–$924
2BR
$990
$1,030
+4.0%
$927–$1,133
3BR
$1,230
$1,300
+5.7%
$1,170–$1,430
4BR
$1,410
$1,440
+2.1%
$1,296–$1,584
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Montrose, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$720
$840
$1,030
$1,300
$1,440
FY 2026
$690
$800
$990
$1,230
$1,410
FY 2025
$670
$770
$960
$1,190
$1,310
FY 2024
$730
$840
$1,060
$1,320
$1,430
FY 2023
$630
$720
$920
$1,150
$1,240
Questions about Montrose, MI rents
How much will Section 8 pay for a two-bedroom in Montrose, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,141, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,027 to $1,255 a month; under the ZIP-level Small Area FMR of $1,030 it would be $927 to $1,133. 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 Montrose, MI in?
Montrose, MI is in the Saginaw, MI MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,141.
How much did fair market rent change in Montrose, MI for FY 2027?
The two-bedroom FMR rose 4.0%, from $990 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has risen 12.0%.
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