The Elements
408 Fairview St,
Houghton, MI 49931
Studio - 4 Beds | $500 - $3,000
Rental Market Trends in Houghton, MI
Updated July 2026
The average rent in Houghton, MI is $402/month.
Rent in Houghton is 76% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.
$402/month
Average Rent
0 Sq Ft
Average Size
+1.2%
Change / Year
19
Available Apartments
Houghton rent varies by unit size and layout:
- Studio apartments in Houghton average per month.
- One-bedroom apartments in Houghton average $402 per month.
- Two-bedroom apartments in Houghton average $1,030 per month.
- Three-bedroom apartments in Houghton average $1,928 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Houghton, MI?
In the past year, rent has increased by 1.2%, which averages out to $5 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Houghton, MI
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
43%
$1,001 - $1,500/month
43%
$1,501 - $2,000/month
14%
Above $2,000/month
What salary do I need to live comfortably in Houghton, MI?
Because the average rent in Houghton is $402, you’ll want to make about $1,340 per month or $16,080 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 17.4% less expensive than the national average, with rent falling between $0 - $1,928. You can expect to pay 5.0% less for groceries, 2.8% less for utilities, and 3.9% 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.
View the Houghton Area GuideApartment Communities in Houghton We Think You'll Love
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Frequently Asked Questions
What is the average rent in Houghton?
The average rent in Houghton is $402 per month, which is 75.8% lower than the national average of $1,662.
Are rents going up or down in Houghton?
Rents in Houghton, MI are increasing, with prices up 1.2% year-over-year and $5 more per month.
What rent range is most common in Houghton?
In Houghton, MI, 43% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.