What is the median rent in Iron River, MI?

Name: Median rent in Iron River, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Iron River, MI is $486 (±$192) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 295 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Iron River, the median gross rent went from $477 in 2015–2019 to $486 in 2020–2024 (+1.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $486 (±$192)
Rented homes: 295 (±89)
$2,000 or more: 0.0%
Since 2015–2019: +1.9%

How much rent costs in Iron River

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Iron River	Iron County	Michigan	United States
Less than $500	53.6% (±16.6 points)	38.1%	8.3%	6.3%
$500 to $999	26.1% (±12.6 points)	41.2%	30.1%	20.2%
$1,000 to $1,499	20.3% (±14.3 points)	15.7%	38.4%	28.1%
$1,500 to $1,999	0.0% (±9.7 points)	0.0%	15.1%	21.1%
$2,000 to $2,499	0.0% (±9.7 points)	3.5%	5.0%	12.0%
$2,500 to $2,999	0.0% (±9.7 points)	0.9%	1.4%	5.5%
$3,000 or more	0.0% (±9.7 points)	0.6%	1.7%	6.8%

The most common range is Less than $500, paid by 53.6% of renting households.

0.0% of rented homes in Iron River cost $2,000 or more a month.

Iron River against Iron County, its state and the nation

Estimate (90% margin of error)
	Iron River	Iron County	Michigan	United States
Median gross rent	$486 (±$192)	$716 (±$114)	$1,129 (±$4)	$1,413
Rented homes paying rent	295 (±89)	657 (±110)	1,032,697 (±7,764)	42,849,984

In Iron River, median gross rent is lower than in Iron County ($716).

It is also lower than in Michigan ($1,129).

It is lower than the national figure ($1,413).

In Iron County, Iron River ranks 9 of 10 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 1289 of 1,305.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Iron River has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$477 (±$46)	$486 (±$192)	+1.9%	No measurable change after inflation
Households that rent	38.1% (±6.5 points)	30.0% (±7.0 points)	−8.1 percentage points	Not a measurable change
Rental vacancy rate	0.0% (±4.5 points)	0.0% (±6.9 points)	0.0 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Iron River

Nearest places with a published estimate, compared with Iron River
Place	Distance	Median gross rent	Compared with this place
Iron River	—	$486 (±$192)	—
Caspian	2.2 mi	$665 (±$383)	Not measurably different
Gaastra	3.2 mi	$685 (±$48)	Higher
Bates Township	10 mi	$775 (±$247)	Not measurably different
Iron River Township	13 mi	$500 (±$191)	Not measurably different
Crystal Falls	15 mi	$791 (±$155)	Higher
Stambaugh Township	15 mi	$1,150 (±$120)	Higher
Town of Florence	18 mi	$869 (±$354)	Not measurably different
Mastodon Township	18 mi	$425 (±$423)	Not measurably different

Nearby places with a measurably higher figure: Gaastra, MI ($685), Crystal Falls, MI ($791), Stambaugh Township, MI ($1,150).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Iron County, place by place

Rank	Place	Median gross rent
3	Crystal Falls	$791 (±$155)
4	Bates Township	$775 (±$247)
5	Hematite Township	$713 (±$280)
6	Gaastra	$685 (±$48)
7	Caspian	$665 (±$383)
8	Iron River Township	$500 (±$191)
9	Iron River	$486 (±$192)
10	Mastodon Township	$425 (±$423)

Showing 8 of 10 places in Iron County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Iron River

What is the average rent in Iron River, MI?

The Census Bureau publishes the median rather than the average: the median gross rent in Iron River is $486 (±$192) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Iron River?

In Iron River, the median gross rent went from $477 in 2015–2019 to $486 in 2020–2024 (+1.9%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Iron River cost more than $2,000 a month?

0.0% of rented homes in Iron River have a gross rent of $2,000 or more a month, and 53.6% cost less than $500.

Is rent in Iron River higher than in Iron County?

In Iron River, median gross rent is lower than in Iron County ($716).

It is also lower than in Michigan ($1,129).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Iron River city, Michigan (place:40980, in state:26).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.