Rent in Mountain Lake, MN
A 2-bedroom in Mountain Lake, MN (ZIP 56159) typically rents for about $934 a month, with a range of $934–$1,014. Owner-occupied homes in Cottonwood County pay about 1.05% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $737 | $737 | 1 |
| 1 bed | $518 | $518–$824 | 1 |
| 2 beds | $934 | $934–$1,014 | 1 |
| 3 beds | $1,188 | $1,188–$1,404 | 1 |
| 4 beds | $838 | $838–$1,481 | 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).
Mountain Lake ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Mountain Lake, MN?
- About $934 a month: the median of the typical rents in 1 ZIP code, which range from $934–$1,014. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Mountain Lake, MN?
- About $518 a month: the median of the typical rents in 1 ZIP code, which range from $518–$824. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Mountain Lake, MN?
- About $1,188 a month: the median of the typical rents in 1 ZIP code, which range from $1,188–$1,404. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Mountain Lake, MN?
- About $737 a month: the median of the typical rents in 1 ZIP code, which range from $737. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Mountain Lake, MN?
- About $838 a month: the median of the typical rents in 1 ZIP code, which range from $838–$1,481. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Mountain Lake, MN?
- Owner-occupied homes in Cottonwood County pay a typical 1.05% 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 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Mountain Lake rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).