Rent in Bay City, MI
Across Bay City's 3 ZIP codes, a 2-bedroom typically rents for about $927 a month, with figures from $874–$1,055. The highest typical rent is in 48707 ($1,055) and the lowest in 48706 ($874). 2 ZIPs have ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Bay County pay about 1.49% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $830 | $830 | 3 |
| 1 bed | $736 | $524–$835 | 3 |
| 2 beds | $927 | $874–$1,055 | 3 |
| 3 beds | $1,237 | $1,084–$1,429 | 3 |
| 4 beds | $1,216 | $933–$1,537 | 3 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Bay City ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Bay City, MI?
- About $927 a month: the median of the typical rents in 3 ZIP codes, which range from $874–$1,055. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Bay City, MI?
- About $736 a month: the median of the typical rents in 3 ZIP codes, which range from $524–$835. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Bay City, MI?
- About $1,237 a month: the median of the typical rents in 3 ZIP codes, which range from $1,084–$1,429. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Bay City, MI?
- About $830 a month: the median of the typical rents in 3 ZIP codes, which range from $830. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Bay City, MI?
- About $1,216 a month: the median of the typical rents in 3 ZIP codes, which range from $933–$1,537. Figures are gross rent (rent plus tenant-paid utilities).
- Which Bay City ZIP code has the highest rent?
- For a 2-bedroom, 48707 has the highest typical rent at $1,055 a month, and 48706 the lowest at $874.
- What is the property tax rate in Bay City, MI?
- Owner-occupied homes in Bay County pay a typical 1.49% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Bay City rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).