At $2,110/mo, rent takes about 38% of the local median household income, slightly above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,110 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Lake Alfred changed +15.9% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
30% of the median household income ($67,202) is $1,680 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,520); a 4-bedroom is $1,910.
Auburndale, 6 miles away, rents for 17% less ($1,741/mo), about $4,400 a year in savings.
From Zillow's monthly rent index (ZORI) for Lake Alfred. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Lake Alfred, FL is majority owner-occupied, has a large share of families with children, 24.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lake Alfred, FL has changed in 5 years
Median household income climbed from $48,203 to $67,202 between 2021 and 2024, a 39.4% shift. Census counts show Lake Alfred, FL adding about 1,081 residents over the five-year window, up 17.4% on net. The renter share has risen from 28% to 29.9%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 14.6% to 24.4% across the same window.
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Can you afford rent in Lake Alfred on your salary?
At $2,110/mo, how Lake Alfred rent compares to typical pay (30% rule).
Lake Alfred rent by bedroom count
Median rent for each apartment size in Lake Alfred. Click any size for full breakdown.
Tips for renters in Lake Alfred
Last updated: October 17, 2026
The median rent in Lake Alfred is $2,110/mo as of October 2026. A studio apartment averages $920/mo while a 2-bedroom runs $1,130/mo. One-bedroom apartments average $920/mo and 3-bedroom units go for $1,520/mo.
At 38% of local median household income ($67,202/yr), Lake Alfred ranks as moderate compared to the national benchmark of 30%. Rents have increased 15.9% over the past year.
Frequently asked questions
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Is rent going up or down in Lake Alfred?
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Which nearby cities are cheaper to rent in than Lake Alfred?
At $2,110/mo, rent takes ~38% of Lake Alfred's median household income ($67,202/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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