At $1,396/mo, rent takes about 33% 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 $1,396 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: October 17, 2026
What the numbers show
30% of the median household income ($51,376) is $1,284 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,090); a 3-bedroom is $1,400.
From Zillow's monthly rent index (ZORI) for Niles. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Niles, MI is majority owner-occupied, has a large retiree population, has a median income below the national average, 17% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Niles, MI has changed in 5 years
Local incomes tracked alongside that move, going from a median of $41,306 in 2021 to $51,376 more recently. Census counts show Niles, MI losing about 126 residents over the five-year window, down 1.1% on net. The renter share has eased from 41.7% to 36.8%, with owner-occupied housing accounting for the remainder.
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At $1,396/mo, how Niles rent compares to typical pay (30% rule).
Niles rent by bedroom count
Median rent for each apartment size in Niles. Click any size for full breakdown.
Tips for renters in Niles
Last updated: October 17, 2026
The median rent in Niles is $1,396/mo as of October 2026. A studio apartment averages $770/mo while a 2-bedroom runs $1,090/mo. One-bedroom apartments average $870/mo and 3-bedroom units go for $1,400/mo.
At 33% of local median household income ($51,376/yr), Niles 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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Which nearby cities are cheaper to rent in than Niles?
At $1,396/mo, rent takes ~33% of Niles's median household income ($51,376/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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