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City Report · FL

Lecanto

Pop. 7,398·258th most expensive in Florida·Rental market data updated monthly for Lecanto, FL
Median rent (all units)
$1,700/mo
Year-over-Year
Stable
Month-over-Month
-5.6%
vs US Median
-$265
Falling (Monthly)
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Most AffordableMost Expensive
Lecanto · $1,700
More affordable than 61% of US cities · National median $1,965/mo
Affordability
36% of income
MODERATE
0%30% benchmark60%+

At $1,700/mo, rent takes about 36% of the local median household income, slightly above the 30% benchmark.

Income to afford
$68,000/yr
Local median income
$56,215/yr
Based on the 30%-of-income rule using Lecanto's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$950
1 BR
$950
2 BR
$1,200
3 BR
$1,680
4 BR+
$2,020
Research median
$1,200/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: May 18, 2026

Annual cost
$20,400/yr
At $1,700/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -5.6% MoM), not inventory.
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Demographics

Who lives here

Lecanto, 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
7,398
Median income
$56,215
Median age
45.3
Renters
6.9%
Age distribution
15.6%
20.9%
22.3%
17.3%
23.9%
Under 1815.6%
18–3420.9%
35–5422.3%
55–6417.3%
65+23.9%
Gender
51.1%
48.9%
Male51.1%
Female48.9%
Race & ethnicity
87.3%
White87.3%
Black2%
Hispanic3.4%
Asian1.6%
Other5.6%
Education (25+)
12.4%
42.6%
23.5%
21.5%
No HS diploma12.4%
HS diploma42.6%
Some college23.5%
Bachelor's+21.5%
Housing tenure
93.1%
Owner93.1%
Renter6.9%

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

2021 vs 2026

How Lecanto, FL has changed in 5 years

Income
$47,593 → $56,215
up 18.1%
Population
7,416 → 7,398
down 0.2%
Renter share
16.1% → 6.9%
-9.2 pts
Bachelor's+
17.5% → 21.5%
+4.0 pts

Local incomes tracked alongside that move, going from a median of $47,593 in 2021 to $56,215 more recently. Renters now make up 6.9% of households, compared with 16.1% five years ago. College-educated residents now make up 21.5% of adults here, versus 17.5% in 2021.

Community

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View Lecanto rent history (2015–2026) →
Salary vs rent

Can you afford rent in Lecanto on your salary?

At $1,700/mo, how Lecanto rent compares to typical pay (30% rule).

By apartment size

Lecanto rent by bedroom count

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

Local insights

Tips for renters in Lecanto

About renting in Lecanto, FL

Last updated: May 18, 2026

The median rent in Lecanto is $1,700/mo as of May 2026. A studio apartment averages $950/mo while a 2-bedroom runs $1,200/mo. One-bedroom apartments average $950/mo and 3-bedroom units go for $1,680/mo.

At 36% of local median household income ($56,215/yr), Lecanto ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Lecanto an affordable city for renters?

Lecanto is considered moderate for renters. At $1,700/mo, rent takes approximately 36% of the local median household income ($56,215/yr). The standard benchmark is 30%. Lecanto slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Lecanto?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,700/mo in Lecanto. The local median household income is $56,215/yr, meaning the typical Lecanto household falls short of that threshold.

Is rent going up or down in Lecanto?

Rent in Lecanto has been relatively stable over the past year, with a 0.0% change year over year as of May 2026.

How does Lecanto rent compare to other cities in Florida?

Lecanto is one of the more affordable cities in Florida for rent, ranking #258 out of 293 tracked cities at $1,700/mo.

Which nearby cities are cheaper to rent in than Lecanto?

Several nearby cities have lower median rents than Lecanto ($1,700/mo): Inverness ($1,555/mo), Homosassa ($1,639/mo).

What percentage of Lecanto residents rent vs. own?

According to Census data, approximately 6.9% of Lecanto households are renters, while 93.1% are owner-occupied. Lecanto leans toward homeownership, which can mean a smaller rental inventory.

How does Lecanto rent compare to the national average?

Lecanto's median rent of $1,700/mo is $265 (13%) below the US national median of $1,965/mo. Within Florida, it ranks #258 out of 293 tracked cities.
Income Affordability
36%
MODERATE

At $1,700/mo, rent takes ~36% of Lecanto's median household income ($56,215/yr). The standard benchmark is 30%.

Lecanto 36%Benchmark 30%
State income taxNone
Run the Lecanto affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Lecanto, FL

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