$1,950 - $2,200
Total Monthly Price
- 2 - 3 Beds
- 1 Bath
- 1,000 Sq Ft
- Condo for Rent
502 Woodworth Ave, Alma, MI 48801
Frequently Asked Questions
How much does it cost to rent a condo in Alma, MI?
The median rent for a condo in Alma, MI is $2,075 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.
How much do you need to make to afford rent in Alma, MI?
To comfortably afford the median rent in Alma, MI, a household needs to earn roughly $83,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,075 per month in Alma, MI, renters typically need to show $6,225 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Alma, MI?
In Alma, MI, the price-to-rent ratio is 6.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
