Rent in Cheboygan, MI
A 2-bedroom in Cheboygan, MI (ZIP 49721) typically rents for about $952 a month, with a range of $952–$1,104. Owner-occupied homes in Cheboygan County pay about 0.89% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $629 | $629–$788 | 1 |
| 1 bed | $596 | $596–$844 | 1 |
| 2 beds | $952 | $952–$1,104 | 1 |
| 3 beds | $761 | $761–$1,315 | 1 |
| 4 beds | $1,094 | $1,094–$1,490 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Cheboygan ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Cheboygan, MI?
- About $952 a month: the median of the typical rents in 1 ZIP code, which range from $952–$1,104. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Cheboygan, MI?
- About $596 a month: the median of the typical rents in 1 ZIP code, which range from $596–$844. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Cheboygan, MI?
- About $761 a month: the median of the typical rents in 1 ZIP code, which range from $761–$1,315. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Cheboygan, MI?
- About $629 a month: the median of the typical rents in 1 ZIP code, which range from $629–$788. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Cheboygan, MI?
- About $1,094 a month: the median of the typical rents in 1 ZIP code, which range from $1,094–$1,490. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Cheboygan, MI?
- Owner-occupied homes in Cheboygan County pay a typical 0.89% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Cheboygan rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).