Rents are 2% below what Fenton's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,460 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Fenton, MI is majority owner-occupied, 39.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Fenton, MI has changed in 5 years
Compared with 2022, rent in Fenton, MI has increased by $187 per month, settling near $1,460 after starting the period at $1,273. Household income in the area moved from $70,745 to $80,000 across the same window, up 13.1% versus 2021. About 36.9% of households rent today, against 38.6% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 29.2% to 39.2%. Reading these numbers side by side helps frame whether current listings in Fenton, MI look reasonable against where the market sat half a decade ago.
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Can you afford rent in Fenton on your salary?
At $1,460/mo, how Fenton rent compares to typical pay (30% rule).
Fenton rent by bedroom count
Median rent for each apartment size in Fenton. Click any size for full breakdown.
Tips for renters in Fenton
Last updated: August 17, 2026
The median rent in Fenton is $1,460/mo as of August 2026. A studio apartment averages $980/mo while a 2-bedroom runs $1,410/mo. One-bedroom apartments average $1,180/mo and 3-bedroom units go for $1,840/mo.
At 22% of local median household income ($80,000/yr), Fenton ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.
Frequently asked questions
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How does Fenton rent compare to other cities in Michigan?
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What percentage of Fenton residents rent vs. own?
How does Fenton rent compare to the national average?
At $1,460/mo, rent takes ~22% of Fenton's median household income ($80,000/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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