Average Rent in Cheboygan County, MI↓ Rents falling 1.6% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 25,778
Market Overview
Cheboygan County, MI has rental prices ranging from $674/month to $1,303/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $749/month — 46% below the national average of $1,400/month. With a median household income of $61,619/year, spending $749/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.
How Cheboygan County Compares
With an average 2-bedroom rent of $983/month, Cheboygan County ranks #31 most expensive of the 80 cities tracked in Michigan — pricier than 62% of all US cities in our data.
The Cheboygan County Rental Market
The Cheboygan County, MI area has a population of about 25,778 and 15% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Cheboygan County, MI have fallen by $16/month (1.6%) over the past year, from $999 to $983. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.
Affordability
To afford a 1-bedroom apartment in Cheboygan County, MI without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $29,960. The local median household income of $61,619 exceeds that threshold by $31,659, making Cheboygan County relatively accessible compared to local wages.
Economy & Jobs
Cheboygan County, MI has an unemployment rate of 4.6%, 0.7 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.
Fair Market Rents
HUD FY2025Is Cheboygan County, MI Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in MIlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Detroit | $991 | $1,090 | $1,378 | $1,688 | — |
| Livingston County | $968 | $1,216 | $1,411 | $1,972 | — |
| Ionia County | $806 | $896 | $1,175 | $1,429 | — |
| Holland | $953 | $1,197 | $1,363 | $1,750 | — |
| Grand Rapids | $1,163 | $1,209 | $1,443 | $1,880 | — |
| Shiawassee County | $714 | $719 | $943 | $1,264 | — |
Rent or Buy in Cheboygan County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Cheboygan County data
Buying breaks even after 5 years — worth it if you stay 5+ years.
Living in Cheboygan County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Cheboygan CountySalary needed to afford rent here
🗺️All Cities in MISee how Cheboygan County ranks statewide
⚖️Compare Cheboygan CountySide-by-side rent & cost of living with any city
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