Houghton Lake renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Houghton Lake is about $765 per month. This puts it in the 34th percentile compared to the state average cost of rent, which is $1,036. Households in Houghton Lake have a median income of $3,628 per month so the average renter in Houghton Lake is spending roughly 21% of their earnings on housing.
Nationally, and in Houghton Lake, home values are the data point most closely correlated with the cost of rent. The median price of a home in Houghton Lake is $141,811 right now, which is higher than nearby cities, meaning that rents in Houghton Lake also tend to be higher versus these nearby cities.
Higher rent prices are common in the eastern parts of Houghton Lake while lower rent rates are often available in western areas.
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