City Report · FL

Lake Park

Pop. 9,081·208th most expensive in Florida·Lake Park rents have dropped 5.1%, currently a renter's market

Median rent (all units)

$1,902/mo

Year-over-Year

-5.1%

Month-over-Month

+2.0%

vs US Median

-$30

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

Lake Park · $1,902

More expensive than 54% of US cities · National median $1,932/mo

Affordability

32% of income

MODERATE

0%30% benchmark60%+

At $1,902/mo, rent takes about 32% of the local median household income, slightly above the 30% benchmark.

Income to afford

$76,000/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

Fair Market Rent (HUD)

$1,790/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,902 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

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Last updated: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Florida

Rent in Lake Park changed -5.1% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($70,954) is $1,774 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,500); a 2-bedroom is $1,790.

Cheaper nearby

Century Village, 7 miles away, rents for 24% less ($1,451/mo), about $5,400 a year in savings.

From Zillow's monthly rent index (ZORI) for Lake Park. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,824/yr

At $1,902/mo median

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-5.1% YoY, +2.0% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

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

Discussions about Lake Park

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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 $1,902/mo, how Lake Park rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 26% income

affordable

Elementary School Teacher

Avg $62,384/yr · Rent = 36.6% income

stretched

Police Officer

Avg $71,861/yr · Rent = 31.8% income

stretched

Software Developer

Avg $128,442/yr · Rent = 17.8% income

very comfortable

Lawyer

Avg $164,117/yr · Rent = 13.9% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 39.1% income

stretched

Truck Driver

Avg $52,740/yr · Rent = 43.3% income

rent-burdened

Electrician

Avg $65,007/yr · Rent = 35.1% income

stretched

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: October 17, 2026

The median rent in Lake Park is $1,902/mo as of October 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 32% of local median household income ($70,954/yr), Lake Park ranks as moderate compared to the national benchmark of 30%. Rents have decreased 5.1% over the past year.

FAQ

Frequently asked questions

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 $76,000/year (about $37/hour full-time) to afford the median rent of $1,902/mo in Lake Park. The local median household income is $70,954/yr, so the typical household falls short of that bar.

Is rent going up or down in Lake Park?

Rent in Lake Park has fallen 5.1% over the past year.

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

Lake Park is one of the more affordable among Florida cities for rent, ranking #208 of 289 tracked cities at $1,902/mo. Over the year to September 2026, rent in Lake Park changed -5.1%, against a typical +1.8% across the 270 Florida cities Zillow tracks.