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City Report · MI

Spring Lake

Pop. 2,519·46th most expensive in Michigan·Rental market data updated monthly for Spring Lake, MI
Median rent (all units)
$1,548/mo
Year-over-Year
Stable
Month-over-Month
-14.4%
vs US Median
-$414
Falling (Monthly)
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Most AffordableMost Expensive
Spring Lake · $1,548
More affordable than 73% of US cities · National median $1,962/mo
Affordability
21% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,548/mo, rent takes about 21% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$62,000/yr
Local median income
$88,365/yr
Based on the 30%-of-income rule using Spring Lake's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

1 BR
$1,007

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,548 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$18,576/yr
At $1,548/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -14.4% MoM), not inventory.
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Demographics

Who lives here

Spring Lake, MI is majority owner-occupied, has a large retiree population, 48.9% of residents hold a bachelor's degree or higher.

Population
2,519
Median income
$88,365
Median age
52.4
Renters
10.1%
Age distribution
14.6%
15.5%
22.9%
17.5%
29.5%
Under 1814.6%
18–3415.5%
35–5422.9%
55–6417.5%
65+29.5%
Gender
47%
53%
Male47%
Female53%
Race & ethnicity
91.3%
White91.3%
Black0.5%
Hispanic1.3%
Asian0.6%
Other6.2%
Education (25+)
12.5%
37.7%
48.9%
No HS diploma0.9%
HS diploma12.5%
Some college37.7%
Bachelor's+48.9%
Housing tenure
89.9%
Owner89.9%
Renter10.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Spring Lake, MI has changed in 5 years

Income
$64,700 → $88,365
up 36.6%
Population
2,518 → 2,519
up 0.0%
Renter share
14.6% → 10.1%
-4.5 pts
Bachelor's+
39.7% → 48.9%
+9.2 pts
Median age
51.4 → 52.4
+1.0 yrs

Census figures show median household income at $88,365 today, compared with $64,700 five years earlier. Renters now make up 10.1% of households, compared with 14.6% five years ago. College-educated residents now make up 48.9% of adults here, versus 39.7% in 2021.

Community

Discussions about Spring Lake

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View Spring Lake rent history (2015–2026) →
Salary vs rent

Can you afford rent in Spring Lake on your salary?

At $1,548/mo, how Spring Lake rent compares to typical pay (30% rule).

By apartment size

Spring Lake rent by bedroom count

Median rent for each apartment size in Spring Lake. Click any size for full breakdown.

Local insights

Tips for renters in Spring Lake

About renting in Spring Lake, MI

Last updated: August 17, 2026

The median rent in Spring Lake is $1,548/mo as of August 2026. . One-bedroom apartments average $1,007/mo.

At 21% of local median household income ($88,365/yr), Spring Lake ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Spring Lake an affordable city for renters?

Spring Lake is considered very affordable for renters. At $1,548/mo, rent takes approximately 21% of the local median household income ($88,365/yr). The standard benchmark is 30%. Spring Lake falls comfortably within that range.

How much income do you need to rent in Spring Lake?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,548/mo in Spring Lake. The local median household income is $88,365/yr, meaning the typical Spring Lake household meets that threshold.

Is rent going up or down in Spring Lake?

Rent in Spring Lake has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Spring Lake rent compare to other cities in Michigan?

Spring Lake is middle-of-the-pack for Michigan for rent, ranking #46 out of 96 tracked cities at $1,548/mo.

Which nearby cities are cheaper to rent in than Spring Lake?

Several nearby cities have lower median rents than Spring Lake ($1,548/mo): Muskegon Heights ($1,125/mo), Muskegon ($1,258/mo), Allendale ($1,415/mo).

What percentage of Spring Lake residents rent vs. own?

According to Census data, approximately 10.1% of Spring Lake households are renters, while 89.9% are owner-occupied. Spring Lake leans toward homeownership, which can mean a smaller rental inventory.

How does Spring Lake rent compare to the national average?

Spring Lake's median rent of $1,548/mo is $414 (21%) below the US national median of $1,962/mo. Within Michigan, it ranks #46 out of 96 tracked cities.
Income Affordability
21%
VERY AFFORDABLE

At $1,548/mo, rent takes ~21% of Spring Lake's median household income ($88,365/yr). The standard benchmark is 30%.

Spring Lake 21%Benchmark 30%
State income tax4.25%
Run the Spring Lake affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Spring Lake, MI

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