City Report · FL

Leesburg

Pop. 30,807·270th most expensive in Florida·Rental market data updated monthly for Leesburg, FL
Median rent (all units)
$1,631/mo
Year-over-Year
+3.0%
Month-over-Month
-2.8%
vs US Median
-$334
Falling (Monthly)
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Most AffordableMost Expensive
Leesburg · $1,631
More affordable than 67% of US cities · National median $1,965/mo
Rent Reality Score
77/100
Good value
OverheatedFairGreat value

Rents are 13% below what Leesburg's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,631/mo
Expected by trend
$1,881/mo
The Rent Reality Score compares today's median rent to where Leesburg's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,430
1 BR
$1,505
2 BR
$1,710
3 BR
$2,170
4 BR+
$2,600
Research median
$1,710/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
$19,572/yr
At $1,631/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 3.0% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+3.0% YoY, -2.8% MoM), not inventory.
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Demographics

Who lives here

Leesburg, FL is majority owner-occupied, has a large retiree population, has a median income below the national average, 21.3% of residents hold a bachelor's degree or higher.

Population
30,807
Median income
$52,880
Median age
46.2
Renters
37.4%
Age distribution
19.3%
15.6%
24.7%
12.2%
28.2%
Under 1819.3%
18–3415.6%
35–5424.7%
55–6412.2%
65+28.2%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
52.1%
26%
21.2%
White52.1%
Black26%
Hispanic21.2%
Asian1%
Education (25+)
31.3%
35.9%
21.3%
No HS diploma11.4%
HS diploma31.3%
Some college35.9%
Bachelor's+21.3%
Housing tenure
62.6%
37.4%
Owner62.6%
Renter37.4%

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

2021 vs 2026

How Leesburg, FL has changed in 5 years

Rent
$1,227 → $1,631
up 32.9%
Income
$37,350 → $52,880
up 41.6%
Population
26,242 → 30,807
up 17.4%
Renter share
47.3% → 37.4%
-9.9 pts
Bachelor's+
14.6% → 21.3%
+6.7 pts
Median age
42.9 → 46.2
+3.3 yrs

Across the past five years, the going rent in Leesburg, FL has shifted from $1,227 to $1,631, up 32.9% since 2021. Median household income climbed from $37,350 to $52,880 between 2021 and 2024, a 41.6% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Leesburg, FL adding about 4,565 residents over the five-year window, up 17.4% on net. The renter share has eased from 47.3% to 37.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 14.6% to 21.3% across the same window. Taken together, the five-year picture in Leesburg, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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

Can you afford rent in Leesburg on your salary?

At $1,631/mo, how Leesburg rent compares to typical pay (30% rule).

By apartment size

Leesburg rent by bedroom count

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

Local insights

Tips for renters in Leesburg

About renting in Leesburg, FL

Last updated: July 20, 2026

The median rent in Leesburg is $1,631/mo as of July 2026. A studio apartment averages $1,430/mo while a 2-bedroom runs $1,710/mo. One-bedroom apartments average $1,505/mo and 3-bedroom units go for $2,170/mo.

At 37% of local median household income ($52,880/yr), Leesburg ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

Is Leesburg an affordable city for renters?

Leesburg is considered moderate for renters. At $1,631/mo, rent takes approximately 37% of the local median household income ($52,880/yr). The standard benchmark is 30%. Leesburg slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Leesburg?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,631/mo in Leesburg. The local median household income is $52,880/yr, meaning the typical Leesburg household falls short of that threshold.

Is rent going up or down in Leesburg?

Rent in Leesburg has increased 3.0% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Leesburg neighborhoods have the lowest rent?

The most affordable ZIP codes in Leesburg are 34748 ($1,539/mo), and 34788 ($2,001/mo). Citywide, the median rent in Leesburg is $1,631/mo.

How does Leesburg rent compare to other cities in Florida?

Leesburg is one of the more affordable cities in Florida for rent, ranking #270 out of 288 tracked cities at $1,631/mo.

Which nearby cities are cheaper to rent in than Leesburg?

Several nearby cities have lower median rents than Leesburg ($1,631/mo): Fruitland Park ($1,426/mo), Lady Lake ($1,520/mo).

What percentage of Leesburg residents rent vs. own?

According to Census data, approximately 37.4% of Leesburg households are renters, while 62.6% are owner-occupied. Leesburg leans toward homeownership, which can mean a smaller rental inventory.

How does Leesburg rent compare to the national average?

Leesburg's median rent of $1,631/mo is $334 (17%) below the US national median of $1,965/mo. Within Florida, it ranks #270 out of 288 tracked cities.
Income Affordability
37%
MODERATE

At $1,631/mo, rent takes ~37% of Leesburg's median household income ($52,880/yr). The standard benchmark is 30%.

Leesburg 37%Benchmark 30%
State income taxNone
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Lowest-rent ZIP codes in Leesburg
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Leesburg, FL

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