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City Report · FL

Lake Placid

Pop. 2,477·262nd most expensive in Florida·Lake Placid rents are up 12.1% over the past year
Median rent (all units)
$1,659/mo
Year-over-Year
+12.1%
Month-over-Month
+5.2%
vs US Median
-$306
Rising (Monthly)
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Most AffordableMost Expensive
Lake Placid · $1,659
More affordable than 65% of US cities · National median $1,965/mo
Affordability
42% of income
STRETCHED
0%30% benchmark60%+

At $1,659/mo, rent takes about 42% of the local median household income, well above the 30% benchmark.

Income to afford
$66,000/yr
Local median income
$47,018/yr
Based on the 30%-of-income rule using Lake Placid's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$930
1 BR
$1,030
2 BR
$1,350
3 BR
$1,660
4 BR+
$2,160
Research median
$1,350/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
$19,908/yr
At $1,659/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.1% YoY, +5.2% MoM), not inventory.
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Demographics

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.

Population
2,477
Median income
$47,018
Median age
39.5
Renters
42.7%
Age distribution
22.9%
21.9%
20.2%
25.2%
Under 1822.9%
18–3421.9%
35–5420.2%
55–649.8%
65+25.2%
Gender
50.5%
49.5%
Male50.5%
Female49.5%
Race & ethnicity
49.9%
49.2%
White49.9%
Black9.9%
Hispanic49.2%
Education (25+)
23.7%
31.9%
22.9%
21.5%
No HS diploma23.7%
HS diploma31.9%
Some college22.9%
Bachelor's+21.5%
Housing tenure
57.3%
42.7%
Owner57.3%
Renter42.7%

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

2021 vs 2026

How Lake Placid, FL has changed in 5 years

Income
$41,610 → $47,018
up 13.0%
Population
2,433 → 2,477
up 1.8%
Renter share
45.6% → 42.7%
-2.9 pts
Bachelor's+
23.7% → 21.5%
-2.2 pts
Median age
38 → 39.5
+1.5 yrs

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.

Community

Discussions about Lake Placid

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

Can you afford rent in Lake Placid on your salary?

At $1,659/mo, how Lake Placid rent compares to typical pay (30% rule).

By apartment size

Lake Placid rent by bedroom count

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

Local insights

Tips for renters in Lake Placid

About renting in Lake Placid, FL

Last updated: July 20, 2026

The median rent in Lake Placid is $1,659/mo as of July 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 42% of local median household income ($47,018/yr), Lake Placid ranks as moderate compared to the national benchmark of 30%. Rents have increased 12.1% over the past year.

FAQ

Frequently asked questions

Is Lake Placid an affordable city for renters?

Lake Placid is considered stretched for renters. At $1,659/mo, rent takes approximately 42% of the local median household income ($47,018/yr). The standard benchmark is 30%. Lake Placid significantly exceeds that threshold, making it challenging for many renters.

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

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,659/mo in Lake Placid. The local median household income is $47,018/yr, meaning the typical Lake Placid household falls short of that threshold.

Is rent going up or down in Lake Placid?

Rent in Lake Placid has increased 12.1% over the past year as of July 2026, putting upward pressure on renter budgets.

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

Lake Placid is one of the more affordable cities in Florida for rent, ranking #262 out of 288 tracked cities at $1,659/mo.

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

Several nearby cities have lower median rents than Lake Placid ($1,659/mo): Avon Park ($1,416/mo), Sebring ($1,489/mo), Lake Wales ($1,586/mo).

What percentage of Lake Placid residents rent vs. own?

According to Census data, approximately 42.7% of Lake Placid households are renters, while 57.3% are owner-occupied. Lake Placid leans toward homeownership, which can mean a smaller rental inventory.

How does Lake Placid rent compare to the national average?

Lake Placid's median rent of $1,659/mo is $306 (16%) below the US national median of $1,965/mo. Within Florida, it ranks #262 out of 288 tracked cities.
Income Affordability
42%
STRETCHED

At $1,659/mo, rent takes ~42% of Lake Placid's median household income ($47,018/yr). The standard benchmark is 30%.

Lake Placid 42%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lake Placid, FL

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