Rent in Lake County, MN at a glance
2-bedroom rent (HUD)
$1,277$15,324 a year · HUD fiscal year 2026From October 1, 2026: $1,358 (+6.3%)How much rent can you afford in Lake County, MN?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Lake County, MN by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $880 | $10,560 | $35,200 | $16.92/hr |
| 1 bedroom | $973 | $11,676 | $38,920 | $18.71/hr |
| 2 bedroomsMost searched | $1,277 | $15,324 | $51,080 | $24.56/hr |
| 3 bedrooms | $1,531 | $18,372 | $61,240 | $29.44/hr |
| 4 bedrooms | $1,869 | $22,428 | $74,760 | $35.94/hr |
Cost of living in Lake County, MN: income, prices and a budget →
Living and working in Lake County, MN
Rent in Lake County, MN: common questions
How much is rent going up in Lake County, MN in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,358 for a two-bedroom, up 6.3% from $1,277. A one-bedroom goes from $973 to $1,038, a studio from $880 to $946.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Lake County, MN?
HUD's Fair Market Rent for 2026 is $973 for a one-bedroom and $1,277 for a two-bedroom, utilities included. That is $15,324 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Lake County, MN?
To keep a $1,277 two-bedroom at 30% of gross pay, one full-time worker needs $24.56 an hour, or $51,080 a year. A one-bedroom at $973 takes $18.71 an hour.
How much is a 1, 2 or 3-bedroom apartment in Lake County, MN?
At HUD's 2026 Fair Market Rent: studio $880, one bedroom $973, two $1,277, three $1,531 and four $1,869 a month.
Is rent affordable in Lake County, MN?
For the typical household, earning $75,541 a year ($6,295 a month, Census ACS), a two-bedroom at $1,277 takes 20.3% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,277 × 12) ÷ 0.30 = $51,080. Divided by 2,080 working hours, that is $24.56 an hour.