Rent in Silver Bay, MN
A 2-bedroom in Silver Bay, MN (ZIP 55614) typically rents for about $1,086 a month, with a range of $1,086–$1,358. Owner-occupied homes in Lake County pay about 0.73% 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 | $946 | $946 | 1 |
| 1 bed | $1,038 | $1,038 | 1 |
| 2 beds | $1,086 | $1,086–$1,358 | 1 |
| 3 beds | $1,063 | $1,063–$1,618 | 1 |
| 4 beds | $1,983 | $1,983 | 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).
Silver Bay ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Silver Bay, MN?
- About $1,086 a month: the median of the typical rents in 1 ZIP code, which range from $1,086–$1,358. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Silver Bay, MN?
- About $1,038 a month: the median of the typical rents in 1 ZIP code, which range from $1,038. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Silver Bay, MN?
- About $1,063 a month: the median of the typical rents in 1 ZIP code, which range from $1,063–$1,618. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Silver Bay, MN?
- About $946 a month: the median of the typical rents in 1 ZIP code, which range from $946. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Silver Bay, MN?
- About $1,983 a month: the median of the typical rents in 1 ZIP code, which range from $1,983. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Silver Bay, MN?
- Owner-occupied homes in Lake County pay a typical 0.73% 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 Silver Bay rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).