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City Report · FL

Lake Park

Pop. 9,081·160th most expensive in Florida·Rental market data updated monthly for Lake Park, FL
Median rent (all units)
$2,083/mo
Year-over-Year
+4.2%
Month-over-Month
-6.1%
vs US Median
+$118
Falling (Monthly)
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Most AffordableMost Expensive
Lake Park · $2,083
More expensive than 63% of US cities · National median $1,965/mo
Affordability
35% of income
MODERATE
0%30% benchmark60%+

At $2,083/mo, rent takes about 35% of the local median household income, slightly above the 30% benchmark.

Income to afford
$83,000/yr
Local median income
$70,954/yr
Based on the 30%-of-income rule using Lake Park's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,340
1 BR
$1,500
2 BR
$1,790
3 BR
$2,340
4 BR+
$2,800
Research median
$1,790/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: July 20, 2026

Annual cost
$24,996/yr
At $2,083/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.2% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+4.2% YoY, -6.1% MoM), not inventory.
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Demographics

Who lives here

Lake Park, FL is roughly split between renters and owners, skews toward younger working-age adults, 28.8% of residents hold a bachelor's degree or higher.

Population
9,081
Median income
$70,954
Median age
32.9
Renters
53.5%
Age distribution
23.9%
31.5%
23%
16.2%
Under 1823.9%
18–3431.5%
35–5423%
55–645.5%
65+16.2%
Gender
50.2%
49.8%
Male50.2%
Female49.8%
Race & ethnicity
26.8%
47.4%
25.3%
White26.8%
Black47.4%
Hispanic25.3%
Asian1.8%
Education (25+)
19.3%
32.9%
18.9%
28.8%
No HS diploma19.3%
HS diploma32.9%
Some college18.9%
Bachelor's+28.8%
Housing tenure
46.5%
53.5%
Owner46.5%
Renter53.5%

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

2021 vs 2026

How Lake Park, FL has changed in 5 years

Income
$60,632 → $70,954
up 17.0%
Population
8,971 → 9,081
up 1.2%
Renter share
52.4% → 53.5%
+1.1 pts
Bachelor's+
29% → 28.8%
-0.2 pts
Median age
35.5 → 32.9
-2.6 yrs

Household income in the area moved from $60,632 to $70,954 across the same window, up 17.0% versus 2021. Headcount in the area went from 8,971 to 9,081 between 2021 and 2024, a 1.2% change.

Community

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View Lake Park rent history (2015–2026) →
Salary vs rent

Can you afford rent in Lake Park on your salary?

At $2,083/mo, how Lake Park rent compares to typical pay (30% rule).

By apartment size

Lake Park rent by bedroom count

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

Local insights

Tips for renters in Lake Park

About renting in Lake Park, FL

Last updated: July 20, 2026

The median rent in Lake Park is $2,083/mo as of July 2026. A studio apartment averages $1,340/mo while a 2-bedroom runs $1,790/mo. One-bedroom apartments average $1,500/mo and 3-bedroom units go for $2,340/mo.

At 35% of local median household income ($70,954/yr), Lake Park ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.2% over the past year.

FAQ

Frequently asked questions

Is Lake Park an affordable city for renters?

Lake Park is considered moderate for renters. At $2,083/mo, rent takes approximately 35% of the local median household income ($70,954/yr). The standard benchmark is 30%. Lake Park slightly exceeds that threshold, so budgeting carefully matters here.

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

To keep rent at or below 30% of gross income, you would need to earn at least $83,000/year (~$40/hour full-time) to afford the median rent of $2,083/mo in Lake Park. The local median household income is $70,954/yr, meaning the typical Lake Park household falls short of that threshold.

Is rent going up or down in Lake Park?

Rent in Lake Park has increased 4.2% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Lake Park is middle-of-the-pack for Florida for rent, ranking #160 out of 288 tracked cities at $2,083/mo.

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

Century Village is nearby and more affordable at $1,406/mo, which is $677 less than Lake Park.

What percentage of Lake Park residents rent vs. own?

According to Census data, approximately 53.5% of Lake Park households are renters, while 46.5% are owner-occupied. With a majority renter population, Lake Park has a strong rental market.

How does Lake Park rent compare to the national average?

Lake Park's median rent of $2,083/mo is $118 (6%) above the US national median of $1,965/mo. Within Florida, it ranks #160 out of 288 tracked cities.
Income Affordability
35%
MODERATE

At $2,083/mo, rent takes ~35% of Lake Park's median household income ($70,954/yr). The standard benchmark is 30%.

Lake Park 35%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lake Park, FL

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