ZIP Code · MN

ZIP 55803

Part of Rice Lake, MN

Pop. 17,662·Saint Louis County·7th most expensive ZIP in Minnesota

Median rent (all units)

$2,300/mo

Year-over-Year

Stable

Month-over-Month

+10.6%

vs US Median

+$368

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 55803 · $2,300

More expensive than 74% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,180

1 BR

$1,360

2 BR

$1,710

3 BR

$2,340

4 BR+

$2,870

Research median

$1,710/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($105,888) is $2,647 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,340); a 4-bedroom is $2,870.

From Zillow's monthly rent index (ZORI) for ZIP 55803. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$27,600/yr

At $2,300/mo median

Location

CityRice Lake

StateMN

CountySaint Louis County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +10.6% MoM), not inventory.

Demographics

Who lives here

ZIP 55803 (Rice Lake, MN) is majority owner-occupied, has a large retiree population, has a median income above the national average, 51.8% of residents hold a bachelor's degree or higher.

Population

17,662

Median income

$105,888

Median age

Renters

16.5%

Age distribution

19.4%

17.1%

24.3%

15.7%

23.4%

Under 1819.4%

18–3417.1%

35–5424.3%

55–6415.7%

65+23.4%

Gender

50.7%

49.3%

Male50.7%

Female49.3%

Race & ethnicity

94.2%

White94.2%

Black0.8%

Hispanic0.5%

Asian0.8%

Other3.7%

Education (25+)

16.9%

28.1%

51.8%

No HS diploma3.2%

HS diploma16.9%

Some college28.1%

Bachelor's+51.8%

Housing tenure

83.5%

16.5%

Owner83.5%

Renter16.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 55803 in Rice Lake, MN has changed in 5 years

Income

$91,066 → $105,888

up 16.3%

Population

17,772 → 17,662

down 0.6%

Renter share

17.8% → 16.5%

-1.3 pts

Bachelor's+

44.5% → 51.8%

+7.3 pts

Median age

43.8 → 45

+1.2 yrs

Local incomes tracked alongside that move, going from a median of $91,066 in 2021 to $105,888 more recently. College-educated residents now make up 51.8% of adults here, versus 44.5% in 2021.

Community

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Local insights

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About renting in ZIP 55803

Last updated: September 25, 2026

ZIP code 55803 covers Rice Lake, MN. The median rent here is $2,300/mo as of September 2026. A 1-bedroom rents for a median of $1,360/mo. A 2-bedroom rents for a median of $1,710/mo.

At 26% of local median household income ($105,888/yr), ZIP 55803 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55803?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (about $44/hour full-time) to afford the median rent of $2,300/mo in ZIP 55803. The local median household income is $105,888/yr, so the typical household meets that bar.