Fair Market Rent in Lake County, MN

FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.

$946studio

$1,0381 bedroom

$1,3582 bedrooms

$1,6183 bedrooms

$1,9834 bedrooms

HUD's FY2027 Fair Market Rent for a 2-bedroom home in Lake County is $1,358 a month, +6.3% from FY2026. Lake County is part of the Lake County, MN (a non-metro county area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.

Area-wide Fair Market Rents

Size	FY2027	FY2026	Change	Typical voucher range (90–110%)
Studio	$946	$880	+7.5%	$851–1,041
1 bedroom	$1,038	$973	+6.7%	$934–1,142
2 bedrooms	$1,358	$1,277	+6.3%	$1,222–1,494
3 bedrooms	$1,618	$1,531	+5.7%	$1,456–1,780
4 bedrooms	$1,983	$1,869	+6.1%	$1,785–2,181

The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.

Rents by ZIP code in Lake County

Open a ZIP code for every size, the spread of rents and nearby ZIP codes.

ZIP	Place	2-bedroom FMR (ZIP)	Census median, 2 bedrooms	Census median, all sizes
55601	Beaver Bay	$1,350	–	–
55603	Finland	$1,150	–	$675
55607	Isabella	$1,150	–	–
55609	Knife River	$1,480	–	–
55614	Silver Bay	$1,320	$1,086	$1,138
55616	Two Harbors	$1,420	$1,159	$1,096
55731	Ely	$1,150	$792	$644
55796	Winton	$1,150	–	$638

Check a rent All of Minnesota

Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.