Rent in Lake, MI
A 2-bedroom in Lake, MI (ZIP 48632) typically rents for about $970 a month, with a range of $970–$1,042. Owner-occupied homes in Clare County pay about 1.11% 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 | $743 | $743 | 1 |
| 1 bed | $797 | $797 | 1 |
| 2 beds | $970 | $970–$1,042 | 1 |
| 3 beds | $850 | $850–$1,242 | 1 |
| 4 beds | $1,464 | $1,464 | 1 |
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).
Lake ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Lake, MI?
- About $970 a month: the median of the typical rents in 1 ZIP code, which range from $970–$1,042. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Lake, MI?
- About $797 a month: the median of the typical rents in 1 ZIP code, which range from $797. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Lake, MI?
- About $850 a month: the median of the typical rents in 1 ZIP code, which range from $850–$1,242. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Lake, MI?
- About $743 a month: the median of the typical rents in 1 ZIP code, which range from $743. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Lake, MI?
- About $1,464 a month: the median of the typical rents in 1 ZIP code, which range from $1,464. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Lake, MI?
- Owner-occupied homes in Clare County pay a typical 1.11% 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 Lake rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).