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Typical Rent in 48602 — Saginaw, MI
The typical 1-bedroom rent in 48602 (Saginaw, MI) is $898/month as of 2026, based on 4 data sources. Rents have risen 4.6% year over year, so an increase above 4.6% exceeds the local market trend. Studio: $750. 2-bedroom: $1,090.
Rents in Saginaw have changed approximately +3.0% – +9.2% over the past year based on local market data. A rent increase above 9.2% is above the local market trend.
Estimated Rent · 1-Bedroom
$898/mo
Source: HUD Estimated Rent
Data through
Based on 4 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 48602 (Saginaw, MI) is $830 for FY2026.
Rents in 48602 have increased 4.6% year-over-year based on local market data.
The confidence level for this estimate is high based on 4 data sources.
Based on local market data, a fair rent increase in Saginaw (48602) is approximately 4.6% for 2026. The typical 1-bedroom rent is $898/month. Any increase significantly above 4.6% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 48602 (Saginaw)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 48602 (Saginaw) typically rents for $750 – $812.
Rents above $934 are in the top 25% for this area.
A 1-bedroom in 48602 (Saginaw) typically rents for $830 – $898.
Rents above $1,033 are in the top 25% for this area.
A 2-bedroom in 48602 (Saginaw) typically rents for $1,090 – $1,178.
Rents above $1,355 are in the top 25% for this area.
A 3-bedroom in 48602 (Saginaw) typically rents for $1,400 – $1,518.
Rents above $1,746 are in the top 25% for this area.
A 4-bedroom in 48602 (Saginaw) typically rents for $1,440 – $1,560.
Rents above $1,794 are in the top 25% for this area.
Current Asking Rents in 48602
Average Asking Rent
$987/mo
Typical Asking Rent
$925/mo
Range
$625 – $1,500
Active Listings
43
These are current asking rents from active listings in 48602. Compare to the HUD fair market rent above to see how the market compares to federal benchmarks.
Source: Live market data (cached)
Rent Increase Laws in Michigan →
▶Full market data
Rent Trends in Saginaw, MI
+4.6%
Rents in 48602 (Saginaw) are rising at +4.6% year-over-year.
− Estimated trend
Market sources range from +3.0% to +9.2%
Sources: Zillow ZORI, HUD Fair Market Rent
Federal Rent Benchmarks for 48602
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Saginaw, MI MSA area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $750 | $812 |
| 1-Bedroom | $830 | $898 |
| 2-Bedroom | $1,090 | $1,178 |
| 3-Bedroom | $1,400 | $1,518 |
| 4-Bedroom | $1,440 | $1,560 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 48602
What is the average 1-bedroom rent in 48602?
The typical 1-bedroom rent in 48602 (Saginaw, MI) is $898/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $750 and 2-bedroom rent at $1,090.
What is a fair rent increase in 48602?
A rent increase up to about 4.6% is in line with the recent local market trend in 48602. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 48602?
Rents in 48602 have risen 4.6% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 48602?
On this page, studio rent in 48602 is $750/month and 2-bedroom rent is $1,090/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 48602 ($830/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Saginaw, MI
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →