At $1,373/mo, rent takes about 31% of the local median household income, slightly above the 30% benchmark.
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 $1,373 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
Lapeer, MI is roughly split between renters and owners, has a median income below the national average, 16.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lapeer, MI has changed in 5 years
Local incomes tracked alongside that move, going from a median of $47,990 in 2021 to $52,716 more recently. Headcount in the area went from 8,911 to 9,082 between 2021 and 2024, a 1.9% change. About 49.5% of households rent today, against 46.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 12.5% to 16.5%.
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Can you afford rent in Lapeer on your salary?
At $1,373/mo, how Lapeer rent compares to typical pay (30% rule).
Lapeer rent by bedroom count
Median rent for each apartment size in Lapeer. Click any size for full breakdown.
Tips for renters in Lapeer
Last updated: August 17, 2026
The median rent in Lapeer is $1,373/mo as of August 2026. A studio apartment averages $860/mo while a 2-bedroom runs $1,190/mo. One-bedroom apartments average $940/mo and 3-bedroom units go for $1,460/mo.
At 31% of local median household income ($52,716/yr), Lapeer ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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What percentage of Lapeer residents rent vs. own?
How does Lapeer rent compare to the national average?
At $1,373/mo, rent takes ~31% of Lapeer's median household income ($52,716/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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