Rent in Minnesota Lake, MN
A 2-bedroom in Minnesota Lake, MN (ZIP 56068) typically rents for about $688 a month, with a range of $688–$1,014. Owner-occupied homes in Faribault County pay about 0.99% 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 | $706 | $706 | 1 |
| 1 bed | $1,156 | $859–$1,156 | 1 |
| 2 beds | $688 | $688–$1,014 | 1 |
| 3 beds | $1,110 | $1,110–$1,386 | 1 |
| 4 beds | $838 | $838–$1,391 | 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).
Minnesota Lake ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Minnesota Lake, MN?
- About $688 a month: the median of the typical rents in 1 ZIP code, which range from $688–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Minnesota Lake, MN?
- About $1,156 a month: the median of the typical rents in 1 ZIP code, which range from $859–$1,156. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Minnesota Lake, MN?
- About $1,110 a month: the median of the typical rents in 1 ZIP code, which range from $1,110–$1,386. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Minnesota Lake, MN?
- About $706 a month: the median of the typical rents in 1 ZIP code, which range from $706. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Minnesota Lake, MN?
- About $838 a month: the median of the typical rents in 1 ZIP code, which range from $838–$1,391. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Minnesota Lake, MN?
- Owner-occupied homes in Faribault County pay a typical 0.99% 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 Minnesota Lake rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).