NOVEL Parkway by Crescent Communities
1464 Laurel Sound Ln,
Sanford, FL 32771
1-3 Beds | $1,647 - $3,497
Rental Market Trends in Lake Mary, FL
What is the average rent in Lake Mary, FL?
$1,583/month
Average Rent
797 Sq Ft
Average Apartment Size
-1.4%
Decrease in the Last Year
As of December 2024, the average rent in Lake Mary, FL is $1,583 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Lake Mary rent prices are 1% higher than the national average. When you rent an apartment in Lake Mary, you can expect to pay about $1,470 per month for a studio, $1,583 for a one-bedroom apartment, and around $1,859 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,134 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lake Mary, FL?
In the past year, rent has decreased by 1.4%, which averages out to $22 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Lake Mary, FL
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
93%
$1,501 - $2,000/month
7%
Above $2,000/month
What salary do I need to live comfortably in Lake Mary, FL?
Because the average rent in Lake Mary is $1,583, you’ll want to make about $5,276 per month or $63,312 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lake Mary, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Lake Mary, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in Lake Mary we think you'll love
Property Management Companies in Lake Mary, FL
MAA
-
283
Communities
-
99,546
Units
-
115
Cities
4 Communities in Lake Mary
Greystar
-
3,191
Communities
-
884,840
Units
-
829
Cities
2 Communities in Lake Mary
Willow Bridge
-
679
Communities
-
185,890
Units
-
310
Cities
2 Communities in Lake Mary
ZRS Management
-
277
Communities
-
82,212
Units
-
114
Cities
2 Communities in Lake Mary
RAM Partners
-
276
Communities
-
72,717
Units
-
158
Cities
1 Community in Lake Mary
Bell Partners
-
257
Communities
-
81,820
Units
-
136
Cities
1 Community in Lake Mary
RangeWater
-
197
Communities
-
51,822
Units
-
106
Cities
1 Community in Lake Mary
Cortland
-
173
Communities
-
63,631
Units
-
91
Cities
1 Community in Lake Mary
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.