Lake Magdalene, FL Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lake Magdalene is $1,458, a 0.71% decrease compared to the previous year, when the average rent was $1,468.
Studio Apartments at $1,171 offer the most budget-friendly option with 438 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 650 square feet for $1,357, balancing privacy and affordability.
Two-beedroom units at $1,601 offer 938 square feet, perfect for roommates or small families.
Average rent in Lake Magdalene, FL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,458 | 769 sq. ft. |
| Studio | $1,171 | 438 sq. ft. |
| 1 Bed | $1,357 | 650 sq. ft. |
| 2 Beds | $1,601 | 938 sq. ft. |
| 3 Beds | n/a | n/a |
Lake Magdalene, FL rent trends
Rental prices in Lake Magdalene, FL have decreased by 0.71% over the past year. The average rent moved from $1,468 to $1,458.
What's the typical rent budget in Lake Magdalene, FL?
The largest share of rentals in Lake Magdalene, FL (56%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Lake Magdalene, FL?
3,654 or 28% of the households in Lake Magdalene, FL are renter-occupied while 9,294 or 72% are owner-occupied.
How Lake Magdalene Compares to Other Cities
| City | Average Rent |
|---|---|
| Lake Magdalene | $1,458 |
| Miami | $2,698 |
| Jacksonville | $1,505 |
| Tampa | $2,003 |
| Orlando | $1,822 |
| Fort Myers | $1,791 |
| Cape Coral | $1,758 |
| West Palm Beach | $2,365 |
| Fort Lauderdale | $2,721 |
| St. Petersburg | $2,040 |
| Kissimmee | $1,823 |
| Apollo Beach | $2,059 |
| Citrus Park | $1,953 |
| Westchase | $2,103 |
| Riverview | $1,852 |
| East Lake | $1,860 |
| Palm Harbor | $1,845 |
| Wesley Chapel | $1,847 |
| University | $1,835 |
| Brandon | $1,750 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lake Magdalene apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.