Lake Magdalene, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Lake Magdalene, Florida rental market.
Lake Magdalene, Florida
Average Apartment Rent
$1,421
Y-o-Y Change in Average
Apartment Rent
-4.1%
As of May 2026
Compared to a year ago, Lake Magdalene, Florida apartments have recorded a -4.1% rent decrease.
Lake Magdalene, Florida Average apartment rent trend
Lake Magdalene, Florida Average Apartment Rent
Lake Magdalene, Florida Apartment rent ranges
At 62.42%, apartments priced $1,000 - $1,500 represent the bulk of Lake Magdalene, Florida rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 37.58%.
Lake Magdalene, Florida Housing tenure**
Renters take up 29% of Lake Magdalene, Florida real estate, occupying a total of 3,751 units, while homeowners live in 9,117 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$46,728
Average household size of renter-occupied housing units**
2.26
Rental vacancy rate**
6.8%
Lake Magdalene, Florida Renter-occupied housing units by no. of bedrooms**
There are 1,528 rentals in Lake Magdalene, Florida with 2 beds making up the highest share of the market, at 41%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 28 units. Overall, the median number of rooms in Lake Magdalene, Florida homes for rent is 3.8.
Lake Magdalene, Florida Renter-occupied units by age of householder**
Most condos for rent in Lake Magdalene, Florida are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 45 - 54 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
Lake Magdalene, Florida Renter-occupied housing units by family type**
Lake Magdalene, Florida Renter-occupied housing units by the presence of own children**
A total of 1,756 apartments for rent in Lake Magdalene, Florida, or 47% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 1,002 units. All in all, the median size of a renter-occupied household in Lake Magdalene, Florida is 2.26.
Lake Magdalene, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 34% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Lake Magdalene, Florida.
Lake Magdalene, Florida Renter-occupied units by year structure built**
The highest share of Lake Magdalene, Florida apartment rentals, namely 45% or 1,677 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (24%, 892 units), and the ones Built 2000 - 2009 (10%, 391 units).
Lake Magdalene, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lake Magdalene, Florida renters (48%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lake Magdalene, Florida condos for rent is 2018.
Lake Magdalene, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 51% of Lake Magdalene, Florida renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 13% have No vehicle available.
Lake Magdalene, Florida Means of transportation to work of householders living in renter-occupied housing units**
Lake Magdalene, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Lake Magdalene, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
