Rent in Lake City, MI
A 2-bedroom in Lake City, MI (ZIP 49651) typically rents for about $935 a month, with a range of $935–$1,014. Owner-occupied homes in Missaukee County pay about 0.98% 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 | $723 | $723 | 1 |
| 1 bed | $670 | $670–$863 | 1 |
| 2 beds | $935 | $935–$1,014 | 1 |
| 3 beds | $1,141 | $1,141–$1,273 | 1 |
| 4 beds | $1,333 | $1,333 | 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 City ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Lake City, MI?
- About $935 a month: the median of the typical rents in 1 ZIP code, which range from $935–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Lake City, MI?
- About $670 a month: the median of the typical rents in 1 ZIP code, which range from $670–$863. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Lake City, MI?
- About $1,141 a month: the median of the typical rents in 1 ZIP code, which range from $1,141–$1,273. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Lake City, MI?
- About $723 a month: the median of the typical rents in 1 ZIP code, which range from $723. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Lake City, MI?
- About $1,333 a month: the median of the typical rents in 1 ZIP code, which range from $1,333. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Lake City, MI?
- Owner-occupied homes in Missaukee County pay a typical 0.98% 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 City rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).