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Rice Lake, WI
Challenging To Investors
Local STR Agent
Local STR Agent

Short-term rentals are allowed in the Town of Rice Lake, Wisconsin, but with significant restrictions. The Town has implemented Ordinance 23-103, which allows STRs with a "7-day minimum stay, 180-day maximum annual operation" rule. However, the City of Rice Lake does NOT allow short-term rentals in residential zoning districts - lodging is only permitted in Mixed Use, Mixed Commercial, and Commercial South zones. Investors must verify whether their property is within Town of Rice Lake jurisdiction or City of Rice Lake jurisdiction, as regulations differ substantially.
Wisconsin's 2017 Right to Rent Law provides a statewide baseline that prohibits political subdivisions from banning rentals of 7-30 consecutive days, but allows local restrictions that don't conflict with state law.
Rice Lake hosts earn a median $24,284/year with $268 ADR and 46% occupancy.
Top performers pull in $37,014+ per year.
See the full Rice Lake market breakdownCritical first step: Determine whether your property falls under Town of Rice Lake or City of Rice Lake jurisdiction:
For Town of Rice Lake properties:
STR Permit Application including:
Owner/Operator Documentation:
Operational Compliance Documentation:
Phone: (715) 234-8087
Email: townofricelake@gmail.com
Mailing Address: 1830 Macauley Ave., Rice Lake, WI 54868
Website: townofricelake.com/
Working Hours:
Key Department: Building Inspector - for compliance questions
Contact: Through Town Clerk at (715) 234-8087
Tourist Rooming House Licensing
Phone: (608) 224-4923
Website: datcp.wi.gov/
Investment Advisory: Given the complexity of different jurisdictions within the Rice Lake area and ongoing regulatory evolution, investors should verify current regulations with both Town of Rice Lake authorities and City of Rice Lake planning departments before property acquisition or operational changes. The proposed ordinance was under legal review as of May 2023, and further amendments may occur.
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Rice Lake is a small city in Barron County in northwestern Wisconsin, home to roughly 8,500 residents. Set among the wooded lakes and farmland of the Indianhead Country region, the community has the relaxed, outdoorsy character of a classic northern Wisconsin getaway, with a walkable downtown, a popular summer festival scene, and a steady rhythm of seasonal visitors drawn by the surrounding water and forests. The city sits about 65 miles north of Eau Claire and roughly 100 miles northeast of Minneapolis–Saint Paul, making it a natural gateway for travelers heading north toward the lake country of Sawyer, Bayfield, and Douglas counties.
The lake itself is the heart of the community. Rice Lake covers several thousand acres and is well known among anglers for its walleye, northern pike, bass, and especially musky fishing, with a number of public launches and resort docks ringing the shoreline. The water draws boating families in summer and ice fishermen once the ice sets in, and the lakeside parks and city beach are favorite gathering spots during the warm months. Just south of Rice Lake, Ojibwa State Park sits along the Red Cedar River, roughly a 20-minute drive from downtown. The park offers camping, hiking, swimming, and a notable disc golf course, and it is a popular base for exploring the broader Ice Age trail and forest landscape that defines this corner of the state.
To the south, the small town of Chetek, about 15 miles away, is known for the chain of six interconnected lakes it surrounds, drawing boaters, anglers, and a long-running hydroplane boat race each summer that brings a noticeable bump in visitors to the area. The broader region is laced with county and ATV trails, small inland lakes, and thousands of acres of state forest, giving visitors a quiet, year-round outdoor playground that feels far more remote than its distance from major Midwest population centers would suggest.
For short-term rental investors, Rice Lake offers an appealing mix of small-town affordability, easy access from the Twin Cities metro, and a four-season draw built on fishing, boating, snowmobiling, and family lake trips. Owners benefit from a steady summer peak driven by lake tourism and outdoor recreation, with growing interest in shoulder-season stays tied to hunting, snow sports, and fall color travel in the surrounding northwoods, all within a comfortable drive of one of the Upper Midwest's largest urban markets.
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