At $1,511/mo, rent takes about 39% 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 $1,511 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 Placid changed +1.1% over the year to September 2026. Across the 270 Florida cities Zillow tracks, the typical change was +1.8%.
Rent rose in 5 of the last 12 months.
30% of the median household income ($47,018) is $1,175 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,030); a 2-bedroom is $1,350.
From Zillow's monthly rent index (ZORI) for Lake Placid. 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 Placid, FL is majority owner-occupied, has a large retiree population, has a median income below the national average, 21.5% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lake Placid, FL has changed in 5 years
Household income in the area moved from $41,610 to $47,018 across the same window, up 13.0% versus 2021. The population has grown by 1.8% since 2021, moving from about 2,433 residents to roughly 2,477. Renters now make up 42.7% of households, compared with 45.6% five years ago. College-educated residents now make up 21.5% of adults here, versus 23.7% in 2021.
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Can you afford rent in Lake Placid on your salary?
At $1,511/mo, how Lake Placid rent compares to typical pay (30% rule).
Lake Placid rent by bedroom count
Median rent for each apartment size in Lake Placid. Click any size for full breakdown.
Tips for renters in Lake Placid
Last updated: October 17, 2026
The median rent in Lake Placid is $1,511/mo as of October 2026. A studio apartment averages $930/mo while a 2-bedroom runs $1,350/mo. One-bedroom apartments average $1,030/mo and 3-bedroom units go for $1,660/mo.
At 39% of local median household income ($47,018/yr), Lake Placid ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.
Frequently asked questions
How much income do you need to rent in Lake Placid?
Is rent going up or down in Lake Placid?
How does Lake Placid rent compare to other cities in Florida?
Which nearby cities are cheaper to rent in than Lake Placid?
At $1,511/mo, rent takes ~39% of Lake Placid's median household income ($47,018/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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