Rutland Water is ideal for family cycling on its off-road trails. There are 2 cycle hire companies in the area. Standard adults and children’s bikes, tandems and also electric bikes are available to hire by the hour or for the day.

Rutland Cycle Hire,
Whitwell Leisure Park,
Bull Brigg Lane,
Whitwell,
Nr. Oakham,
Rutland,
LE15 8BL

https://www.rutlandcycling.com/pages/cycle-and-climbing-hire.aspx

The is also a hire centre at the Normanton side of Rutland water:

https://www.rutlandcycling.com/pages/cycle-hire-normanton/

Gunthorpe Hall Estate has beautiful views over fields towards Rutland Water – a perfect playground for those who are interested in Water Sports, Nature Reserves, Outdoor Adventure, Cycling & Walking.  Rutland Water is the place to keep the whole family entertained. Hire bikes for the day and explore the family-safe cycle trails; get adventurous on the climbing wall; enjoy on the lakes with sailing, canoeing and windsurfing; take a leisurely stroll and finish with an ice cream or cup of coffee. At Rutland Water, you could spend all week and not get bored!