Lake Magdalene, FL Rental Market Trends
Highlights
The average rent for an apartment in Lake Magdalene is $1,228, a 6% increase compared to the previous year, when the average rent was $1,164.
Average Rent in Lake Magdalene, FL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,228 | 6% | 884 sq. ft. |
The average size for a Lake Magdalene, FL apartment is 884 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Lake Magdalene, FL Apartment Rent Ranges
- $501-$7002%
- $701-$1,00048%
- $1,001-$1,50033%
- $1,501-$2,0004%
- > $2,00012%
Lake Magdalene, FL Occupied Housing Units
- Renter-occupied Households37%
- Owner-occupied Households62%
4,597 or 37% of the households in Lake Magdalene, FL are renter-occupied while 7,539 or 62% are owner-occupied.
Lake Magdalene, FL Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Mar / 2020 |
|---|---|---|---|---|---|---|---|---|---|
| Lake Magdalene, FL | $1,068 | $1,089 | $1,092 | $1,111 | $1,110 | $1,164 | $1,176 | $1,197 | $1,228 |
| National | $1,337 | $1,369 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 |
How Lake Magdalene Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Jacksonville | $1,105 | 4% |
| Kissimmee | $1,381 | 5% |
| Tampa | $1,338 | 3% |
| Miami | $1,703 | 3% |
| Homestead | $1,294 | 7% |
| Lakeland | $1,081 | 4% |
| St. Petersburg | $1,330 | 4% |
| Brandon | $1,220 | 3% |
| Gibsonton | $1,383 | 1% |
| Spring Hill | $1,133 | 5% |
| Lake Magdalene | $1,228 | 6% |
For more information about the Lake Magdalene rental trends, check out our monthly rent report
Check out Florida Cities, Florida Neighborhoods and Florida Zip Codes for more details on verified listings, including the Florida Average Rent.
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