Lake Park renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Lake Park is about $918 per month. This puts it in the 8th percentile compared to the city average cost of rent, which is $1,268. Households in Lake Park have a median income of $6,420 per month so the average renter in Lake Park is spending roughly 14% of their earnings on housing.
Nationally, and in Lake Park, home values are the data point most closely correlated with the cost of rent. The median price of a home in Lake Park is $263,256 right now, which is higher than nearby neighborhoods, meaning that rents in Lake Park also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the western parts of Lake Park while lower rent rates are often available in northern areas.
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