What is the median rent in Laketown Township, MI?
The median gross rent in Laketown Township, MI is $1,317 (±$93) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 199 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Laketown Township, the median gross rent went from $890 in 2015–2019 to $1,317 in 2020–2024 (+48.0%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median gross rent
- $1,317 (±$93)
- Rented homes
- 199 (±81)
- $2,000 or more
- 5.0%
- Since 2015–2019
- +48.0%
How much rent costs in Laketown Township
| Monthly gross rent | Laketown Township | Allegan County | Michigan | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±14.0 points) | 9.1% | 8.3% | 6.3% |
| $500 to $999 | 7.0% (±8.0 points) | 29.7% | 30.1% | 20.2% |
| $1,000 to $1,499 | 73.9% (±16.9 points) | 45.5% | 38.4% | 28.1% |
| $1,500 to $1,999 | 14.1% (±16.5 points) | 12.2% | 15.1% | 21.1% |
| $2,000 to $2,499 | 5.0% (±7.4 points) | 2.0% | 5.0% | 12.0% |
| $2,500 to $2,999 | 0.0% (±14.0 points) | 0.9% | 1.4% | 5.5% |
| $3,000 or more | 0.0% (±14.0 points) | 0.5% | 1.7% | 6.8% |
The most common range is $1,000 to $1,499, paid by 73.9% of renting households.
5.0% of rented homes in Laketown Township cost $2,000 or more a month.
Laketown Township against Allegan County, its state and the nation
| Laketown Township | Allegan County | Michigan | United States | |
|---|---|---|---|---|
| Median gross rent | $1,317 (±$93) | $1,100 (±$40) | $1,129 (±$4) | $1,413 |
| Rented homes paying rent | 199 (±81) | 5,194 (±492) | 1,032,697 (±7,764) | 42,849,984 |
In Laketown Township, median gross rent is higher than in Allegan County ($1,100).
It is also higher than in Michigan ($1,129).
It is lower than the national figure ($1,413).
In Allegan County, Laketown Township ranks 4 of 27 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 173 of 1,305.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Laketown Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $890 (±$64) | $1,317 (±$93) | +48.0% | Up after inflation |
| Households that rent | 12.9% (±3.0 points) | 8.2% (±3.1 points) | −4.7 percentage points | Measurable decrease |
| Rental vacancy rate | 1.8% (±3.0 points) | 9.8% (±14.0 points) | +8.0 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 Laketown Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Laketown Township | — | $1,317 (±$93) | — |
| Saugatuck | 4.6 mi | $616 (±$158) | Lower |
| Holland | 4.8 mi | $1,193 (±$36) | Lower |
| Fillmore Township | 5.4 mi | $1,154 (±$535) | Not measurably different |
| Beechwood | 5.8 mi | $871 (±$401) | Lower |
| Douglas | 6.2 mi | $781 (±$293) | Lower |
| Saugatuck Township | 6.5 mi | $1,103 (±$43) | Lower |
| Park Township (Ottawa County) | 6.5 mi | $1,154 (±$323) | Not measurably different |
| Manlius Township | 8.2 mi | $1,201 (±$1,089) | Not measurably different |
Nearby places with a measurably lower figure: Saugatuck, MI ($616), Holland, MI ($1,193), Beechwood, MI ($871).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Allegan County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 1 | Dorr Township | $1,542 (±$255) |
| 2 | Leighton Township | $1,533 (±$393) |
| 3 | Monterey Township | $1,338 (±$428) |
| 4 | Laketown Township | $1,317 (±$93) |
| 5 | Overisel Township | $1,284 (±$219) |
| 6 | Clyde Township (Allegan County) | $1,250 (±$455) |
| 7 | Lee Township (Allegan County) | $1,219 (±$712) |
| 8 | Manlius Township | $1,201 (±$1,089) |
| 9 | Wayland Township | $1,176 (±$356) |
| 10 | Otsego Township | $1,167 (±$209) |
Showing 10 of 27 places in Allegan 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.
What you can do on Seayora in Laketown Township
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Laketown Township, save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Laketown Township beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Laketown Township, and send estimates and invoices from your phone.
Questions about Laketown Township
What is the average rent in Laketown Township, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Laketown Township is $1,317 (±$93) 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 Laketown Township?
In Laketown Township, the median gross rent went from $890 in 2015–2019 to $1,317 in 2020–2024 (+48.0%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
How many rentals in Laketown Township cost more than $2,000 a month?
5.0% of rented homes in Laketown Township have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Laketown Township higher than in Allegan County?
In Laketown Township, median gross rent is higher than in Allegan County ($1,100).
It is also higher 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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Laketown township, Allegan County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Laketown township, Allegan County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Laketown township, Allegan County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Laketown township, Allegan County, Michigan (county subdivision:45180, in state:26 county:005).
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.
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.
Figures last updated on .
Related
- Housing in Laketown Township at a glance
- Renters and owners in Laketown Township
- Income and affordability in Laketown Township
- Home values in Laketown Township
- Homeowner costs in Laketown Township
- Property taxes in Laketown Township
- Types of homes in Laketown Township
- Bedrooms in Laketown Township
- Age of homes in Laketown Township
- Heating fuel in Laketown Township
- Commute and cars in Laketown Township
- Population growth in Laketown Township
- How long people stay in Laketown Township
- Crowding and facilities in Laketown Township
- Michigan landlord and tenant rules
- Housing across Allegan County
- Michigan places ranked by median rent
- Housing data for every place in Michigan