The Elements
408 Fairview St,
Houghton, MI 49931
$500 - $3,000
Studio - 4 Beds
Rental Market Trends in Houghton, MI
What is the average rent in Houghton, MI?
$398/month
Average Rent
0 Sq Ft
Average Apartment Size
+1.5%
Increase in the Last Year
As of January 2026, the average rent in Houghton, MI is $398 per month. This is 75% lower than the national average rent of $1,624/month, making renting in Houghton more affordable than most cities in the US. When you rent an apartment in Houghton, you can expect to pay about per month for a studio, $398 for a one-bedroom apartment, and around $894 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,910 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Houghton, MI?
In the past year, rent has increased by 1.5%, which averages out to $6 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025
2026
Rent Ranges in Houghton, MI
Last Updated January 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
20%
$1,001 - $1,500/month
60%
$1,501 - $2,000/month
20%
Above $2,000/month
What salary do I need to live comfortably in Houghton, MI?
Because the average rent in Houghton is $398, you’ll want to make about $1,326 per month or $15,912 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Houghton, MI is 8.8% lower than the national average. Generally, housing in Houghton is 17.7% less expensive than the national average, with rent falling between $0 - $1,910. You can expect to pay 5.1% less for groceries, 3.2% less for utilities, and 3.8% less for transportation.
How does Houghton, MI compare to other nearby cities and neighborhoods?
Use the tool below to compare Houghton, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.
* Percentages may not total 100 due to rounding.