The average monthly rent of apartments in Lake Mary, FL is $1,872.
The average monthly rent of apartments in Lake Mary, FL is $1,872.
Compared to the national average rent of $1,706, the average rent in Lake Mary, FL is $1,872.
Prices and availability in Lake Mary, FL were last updated on 26 Nov 2022.
The average rent in Lake Mary, FL is $1,872. Start your search for apartments in Lake Mary, FL now.
The price range for a 1-bedroom apartment in Lake Mary, FL is between $1,548 and $3,276. Browse all available 1-bedroom apartments in Lake Mary, FL now.
The price range for a 2-bedroom apartment in Lake Mary, FL is between $1,763 and $4,387. Browse and find a 2-bedroom apartment in Lake Mary, FL.
The price range for a 3-bedroom apartment in Lake Mary, FL is between $2,068 and $4,843. Browse all available 3-bedroom apartments in Lake Mary, FL.
In Lake Mary, 32% of the residents are renting compared to 68% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 34% of Lake Mary’s rentals, 45% are small-scale complexes with under 50 units, and 20% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lake Mary are about 21 years old, on average. Of these, 53% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 77% of the rental communities here are low-rise, garden-style communities, 6% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Lake Mary are around 0.3% of rentals, while 1-bedroom floor plans represent 39% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 50% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Located a mere 25 minutes from downtown Orlando in Seminole County, Lake Mary is considered one of the best places to find a rental apartment in Florida. This peaceful, family-oriented community is surrounded by natural beauty, making it the perfect setting for renters to take advantage of the warm and sunny Florida weather. Renters appreciate the low crime rate and well-rated school system. It’s no surprise that Lake Mary is one of the best places in Florida to raise a family but also to retire. In addition, Lake Mary prides itself on its strong sense of community. Renters will love strolling through the stores and multiple dining options of the revitalized downtown area or taking part in one of the many festivals. Although the proverbial Florida heat can be oppressing during the summer months, renters can always join their neighbors for a refreshing dip or boating on the waters of Lake Mary Jane.
Renter households constitute a minority in Lake Mary since most residents own their homes. Lake Mary has a spare suburban feel with a small but bustling downtown area featuring a wealth of business, boutiques, and restaurants. However, most of the housing stock available is constituted of detached single-family homes, many of them located in planned communities. In addition, renters can find some rental properties in condominiums and low-rise apartment communities. Rental fees in Lake Mary are slightly higher than the Florida and national average. However, they are on par with the rest of the Orlando – Kissimmee – Sanford metropolitan area. Rental laws in Florida do not state a maximum amount for security deposits, but renters in Lake Mary should expect to spend the equivalent of one and a half to two months’ rent to secure a rental property.
Lake Mary, FL has a population of 16,987 according to the most recent data from the U.S. Census Bureau. 9,452 of Lake Mary’s residents are women and 7,535 are men. The median age of those who live in Lake Mary, FL is 44.8.
Lake Mary is proud of its exciting downtown district, which features many locally owned stores and restaurants, inviting renters of all ages to stroll and window shop at their leisure. In addition, you will have no difficulties finding an apartment for rent in Lake Mary within easy driving distance of a grocery store since the welcoming small town is home to several Publix locations as well as national retailers like Walmart and Target. Health-conscious renters will also have several options for stores carrying natural produce including The Fresh Market, Chamberlin’s Natural Food, and Morganic Meats. Most grocery stores are located along Lake Mary Boulevard. Local renters can also find all the necessities as well as dining and entertainment options in one of the two shopping malls in town: Lake Mary Centre and the Shoppes of Lake Mary.
According to U.S. Census data, there are 6,636 households in Lake Mary, FL. 4,859 are family households and 1,777 are non-family households. There are 1,879 households with children in Lake Mary and 4,757 households without children. On average, about 2.53 people live in a household in Lake Mary, FL.
Renters who prefer walking to run errands or dine should look for an apartment for rent in downtown Lake Mary, which is the most walkable neighborhood in town. In addition, Lake Mary is part of the Sunrail station and the Lynx public bus transportation system, which provides a convenient commuting option to Orlando and other communities in Seminole county for renters who prefer leaving their cars at home. Nevertheless, it is a good idea to have access to a vehicle to run most errands while living in Lake Mary.
The level of education of the population of Lake Mary, FL is as follows: 1% have no high school education, 19% completed some high school, 26% partially completed college, 11% have an Associate Degree, 28% have a Bachelor Degree, and 15% have a Graduate Degree.
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