FMR is below market; voucher rent may lag private rents.
0.48
1 BR
1 BR- 49093
0.64ratio
FMR$820
Market$1,280
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.64
2 BR
2 BR- 49093
0.71ratio
FMR$1,030
Market$1,450
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.71
3 BR
3 BR- 49093
0.75ratio
FMR$1,360
Market$1,820
vs market-$460
FMR is below market; voucher rent may lag private rents.
0.75
4 BR
4 BR- 49093
0.78ratio
FMR$1,500
Market$1,930
vs market-$430
FMR is below market; voucher rent may lag private rents.
0.78
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
--
Three Rivers, MI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Three Rivers, MI is $1,030 a month. That is up 2.0% from $1,010 in FY 2026. Three Rivers is in the Cass County, MI HUD Metro FMR Area. 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 $1,095. The median county two-bedroom FMR in Michigan is $1,085, so Three Rivers is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Three Rivers, MI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$720
$740
+2.8%
$666–$814
1BR
$770
$820
+6.5%
$738–$902
2BR
$1,010
$1,030
+2.0%
$927–$1,133
3BR
$1,370
$1,360
−0.7%
$1,224–$1,496
4BR
$1,470
$1,500
+2.0%
$1,350–$1,650
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Three Rivers, MI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$740
$820
$1,030
$1,360
$1,500
FY 2026
$720
$770
$1,010
$1,370
$1,470
FY 2025
$660
$720
$940
$1,290
$1,400
FY 2024
$710
$800
$910
$1,190
$1,410
FY 2023
$660
$690
$850
$1,140
$1,240
Questions about Three Rivers, MI rents
How much will Section 8 pay for a two-bedroom in Three Rivers, MI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,095, which applies unless the housing authority uses Small Area FMRs, that basic range is $986 to $1,205 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 Three Rivers, MI in?
Three Rivers, MI is in the Cass County, MI HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,095.
How much did fair market rent change in Three Rivers, MI for FY 2027?
The two-bedroom FMR rose 2.0%, from $1,010 in FY 2026 to $1,030 in FY 2027. Since FY 2023 it has risen 21.2%.
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