Rent by ZIP · Lake County
Rent in Ely, MN 55731
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,150 (+2.7% vs FY2026). Renters in this ZIP code pay a median $644 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $800 | $770 | +3.9% | $720–880 | – |
| 1 bedroom | $890 | $850 | +4.7% | $801–979 | $442 ±$198 |
| 2 bedrooms | $1,150 | $1,120 | +2.7% | $1,035–1,265 | $792 ±$200 |
| 3 bedrooms | $1,530 | $1,390 | +10.1% | $1,377–1,683 | $1,086 ±$91 |
| 4 bedrooms | $1,870 | $1,870 | 0% | $1,683–2,057 | – |
Small Area FMRs for the Lake County, MN. This ZIP code is in more than one HUD area; figures are for the main one. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Lake County, MN, 2 bedrooms: $1,358.
What renters pay in 55731
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 55732 | Embarrass | $1,110 | – |
| 55733 | Esko | $1,590 | – |
| 55734 | Eveleth | $1,110 | $969 |
| 55735 | Finlayson | $1,240 | $1,025 |
| 55726 | Cromwell | $1,110 | $950 |
| 55736 | Floodwood | $1,110 | $970 |
Fair Market Rents across Lake County, MN · All MN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.