Average Rent in Luce County, MI↓ Rents falling 2.0% YoY🔻 4th cheapest in MI

Luce County, MI has rental prices ranging from $654/month to $1,275/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $711/month — 49% below the national average of $1,400/month. With a median household income of $54,338/year, spending $711/month on a 1-bedroom represents 16% of gross income — within the recommended 30% threshold.

How Luce County Compares

With an average 2-bedroom rent of $933/month, Luce County ranks #77 most expensive of the 80 cities tracked in Michigan — more affordable than 60% of all US cities in our data.

The Luce County Rental Market

The Luce County, MI area has a population of about 6,325 and 21% 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 Luce County, MI have fallen by $19/month (2.0%) over the past year, from $952 to $933. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Luce County, MI without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $28,440. The local median household income of $54,338 exceeds that threshold by $25,898, making Luce County relatively accessible compared to local wages.

Economy & Jobs

Luce County, MI has an unemployment rate of 6.2%, 2.3 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.

Is Luce County, MI Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Luce County?

Break-even analysis and mortgage estimates based on local market data.

Living in Luce County

Cost of living, job market, crime rates, and moving cost estimates.