How much does it cost to rent in Lake Mary, FL?

As of August 2026, the median monthly rent in Lake Mary, FL is $2,051. This figure is based on aggregated data from public sources and community-submitted rents.

Is Lake Mary cheaper than other Florida cities?

Lake Mary falls in the middle range for Florida, ranking #171 out of 291 cities at $2,051/mo.

When was Lake Mary rent data last updated?

Lake Mary rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Lake Mary, FL?

HUD sets the Fair Market Rent for a two-bedroom home in Lake Mary, FL at $2,230 per month, which is 9% above the $2,051 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · FL

Lake Mary

Name: Average Rent Prices in Lake Mary, FL
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 16,860·171st most expensive in Florida·Lake Mary rents are up 6.6% over the past year

Median rent (all units)

$2,051/mo

Year-over-Year

+6.6%

Month-over-Month

+1.9%

vs US Median

+$89

Rising (Monthly)

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Most AffordableMost Expensive

Lake Mary · $2,051

More expensive than 62% of US cities · National median $1,962/mo

Rent Reality Score

65/100

Good value

OverheatedFairGreat value

Rents are 8% below what Lake Mary's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,051/mo

Expected by trend

$2,221/mo

The Rent Reality Score compares today's median rent to where Lake Mary's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,860

1 BR

$1,970

2 BR

$2,230

3 BR

$2,830

4 BR+

$3,370

Fair Market Rent (HUD)

$2,230/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,051 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$24,612/yr

At $2,051/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.6% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.6% YoY, +1.9% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Lake Mary, FL is majority owner-occupied, has a median income above the national average, 50.9% of residents hold a bachelor's degree or higher.

Population

16,860

Median income

$109,173

Median age

43.8

Renters

37.1%

Age distribution

18.3%

17.6%

30.1%

14.4%

19.6%

Under 1818.3%

18–3417.6%

35–5430.1%

55–6414.4%

65+19.6%

Gender

48.1%

51.9%

Male48.1%

Female51.9%

Race & ethnicity

65.5%

12.3%

White65.5%

Black12.3%

Hispanic11%

Asian9.3%

Other1.9%

Education (25+)

16.9%

27.8%

50.9%

No HS diploma4.4%

HS diploma16.9%

Some college27.8%

Bachelor's+50.9%

Housing tenure

62.9%

37.1%

Owner62.9%

Renter37.1%

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

2021 vs 2026

How Lake Mary, FL has changed in 5 years

Rent

$1,511 → $2,051

up 35.7%

Income

$94,770 → $109,173

up 15.2%

Population

16,459 → 16,860

up 2.4%

Renter share

31.9% → 37.1%

+5.2 pts

Bachelor's+

51.1% → 50.9%

-0.2 pts

Five years ago, renters in Lake Mary, FL paid around $1,511 a month. That figure now sits near $2,051, up 35.7% from the 2021 baseline. Median household income climbed from $94,770 to $109,173 between 2021 and 2024, a 15.2% shift. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Lake Mary, FL adding about 401 residents over the five-year window, up 2.4% on net. The renter share has risen from 31.9% to 37.1%, with owner-occupied housing accounting for the remainder. Taken together, the five-year picture in Lake Mary, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

Discussions about Lake Mary

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View Lake Mary rent history (2015–2026) →

Salary vs rent

Can you afford rent in Lake Mary on your salary?

At $2,051/mo, how Lake Mary rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 28% income

affordable

Elementary School Teacher

Avg $62,384/yr · Rent = 39.5% income

stretched

Police Officer

Avg $71,861/yr · Rent = 34.2% income

stretched

Software Developer

Avg $128,442/yr · Rent = 19.2% income

very comfortable

Lawyer

Avg $164,117/yr · Rent = 15% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 42.1% income

rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 46.7% income

rent-burdened

Electrician

Avg $65,007/yr · Rent = 37.9% income

stretched

By apartment size

Lake Mary rent by bedroom count

Median rent for each apartment size in Lake Mary. Click any size for full breakdown.

Local insights

Tips for renters in Lake Mary

About renting in Lake Mary, FL

Last updated: August 17, 2026

The median rent in Lake Mary is $2,051/mo as of August 2026. A studio apartment averages $1,860/mo while a 2-bedroom runs $2,230/mo. One-bedroom apartments average $1,970/mo and 3-bedroom units go for $2,830/mo.

At 23% of local median household income ($109,173/yr), Lake Mary ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.6% over the past year.

FAQ

Frequently asked questions

Is Lake Mary an affordable city for renters?

Lake Mary is considered very affordable for renters. At $2,051/mo, rent takes approximately 23% of the local median household income ($109,173/yr). The standard benchmark is 30%. Lake Mary falls comfortably within that range.

How much income do you need to rent in Lake Mary?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,051/mo in Lake Mary. The local median household income is $109,173/yr, meaning the typical Lake Mary household meets that threshold.

Is rent going up or down in Lake Mary?

Rent in Lake Mary has increased 6.6% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Lake Mary rent compare to other cities in Florida?

Lake Mary is middle-of-the-pack for Florida for rent, ranking #171 out of 291 tracked cities at $2,051/mo.

Which nearby cities are cheaper to rent in than Lake Mary?

Several nearby cities have lower median rents than Lake Mary ($2,051/mo): Altamonte Springs ($1,598/mo), Sanford ($1,842/mo), Casselberry ($1,883/mo).

What percentage of Lake Mary residents rent vs. own?

According to Census data, approximately 37.1% of Lake Mary households are renters, while 62.9% are owner-occupied. Lake Mary leans toward homeownership, which can mean a smaller rental inventory.

How does Lake Mary rent compare to the national average?

Lake Mary's median rent of $2,051/mo is $89 (5%) above the US national median of $1,962/mo. Within Florida, it ranks #171 out of 291 tracked cities.

Income Affordability

23%

VERY AFFORDABLE

At $2,051/mo, rent takes ~23% of Lake Mary's median household income ($109,173/yr). The standard benchmark is 30%.

Lake Mary 23%Benchmark 30%

State income taxNone

Run the Lake Mary affordability calculator →

Nearby cities