Lake Mary, 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 Mary, Florida rental market.
Lake Mary, Florida
Average Apartment Rent
$1,882
Y-o-Y Change in Average
Apartment Rent
0.8%
As of May 2026
Compared to a year ago, Lake Mary, Florida apartments have recorded a 0.8% rent increase.
Lake Mary, Florida Average apartment rent trend
Lake Mary, Florida Average Apartment Rent
Lake Mary, Florida Apartment rent ranges
At 65.77%, apartments priced $1,500 - $2,000 represent the bulk of Lake Mary, Florida rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.53%.
Lake Mary, Florida Housing tenure**
Renters take up 32% of Lake Mary, Florida real estate, occupying a total of 2,079 units, while homeowners live in 4,478 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$82,644
Average household size of renter-occupied housing units**
2.35
Rental vacancy rate**
7.1%
Lake Mary, Florida Renter-occupied housing units by no. of bedrooms**
There are 730 rentals in Lake Mary, Florida with 1 bed making up the highest share of the market, at 35%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 20 units. Overall, the median number of rooms in Lake Mary, Florida homes for rent is 3.9.
Lake Mary, Florida Renter-occupied units by age of householder**
Most condos for rent in Lake Mary, Florida are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (26%). 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 Mary, Florida Renter-occupied housing units by family type**
Lake Mary, Florida Renter-occupied housing units by the presence of own children**
A total of 1,167 apartments for rent in Lake Mary, Florida, or 56% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 654 units. All in all, the median size of a renter-occupied household in Lake Mary, Florida is 2.35.
Lake Mary, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 56% of the rental market. In contrast, residents with less than a high school degree reside in 1% of the homes for rent in Lake Mary, Florida.
Lake Mary, Florida Renter-occupied units by year structure built**
The highest share of Lake Mary, Florida apartment rentals, namely 41% or 855 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (19%, 397 units), and the ones Built 1990 - 1999 (14%, 301 units).
Lake Mary, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Lake Mary, Florida renters (58%) moved in 2018 to 2020, while only 3% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Lake Mary, Florida condos for rent is 2019.
Lake Mary, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Lake Mary, Florida renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 11% have 3 vehicles available.
Lake Mary, Florida Means of transportation to work of householders living in renter-occupied housing units**
Lake Mary, 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 Mary, 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
