Rent in Luther, MI
A 2-bedroom in Luther, MI (ZIP 49656) typically rents for about $1,104 a month, with a range of $1,069–$1,104. Owner-occupied homes in Lake County pay about 1.09% 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 | $763 | $763 | 1 |
| 1 bed | $817 | $817 | 1 |
| 2 beds | $1,104 | $1,069–$1,104 | 1 |
| 3 beds | $880 | $880–$1,418 | 1 |
| 4 beds | $1,775 | $1,775 | 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).
Luther ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Luther, MI?
- About $1,104 a month: the median of the typical rents in 1 ZIP code, which range from $1,069–$1,104. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Luther, MI?
- About $817 a month: the median of the typical rents in 1 ZIP code, which range from $817. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Luther, MI?
- About $880 a month: the median of the typical rents in 1 ZIP code, which range from $880–$1,418. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Luther, MI?
- About $763 a month: the median of the typical rents in 1 ZIP code, which range from $763. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Luther, MI?
- About $1,775 a month: the median of the typical rents in 1 ZIP code, which range from $1,775. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Luther, MI?
- Owner-occupied homes in Lake County pay a typical 1.09% 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 Luther rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).