78 Apartments under 1200 for rent in Lake Mary, FL

Last updated September 25 at 12:16AM
2549 Grassy Point Dr #109
Lake Mary
Lake Mary, FL
Updated September 21 at 10:52AM
1 Bedroom
$850
2524 Grassy Point Dr. #202
Lake Mary
Lake Mary, FL
Updated September 20 at 9:50AM
1 Bedroom
$875
715 Sugar Bay Way
Lake Mary
Lake Mary, FL
Updated September 22 at 4:17AM
2 Bedrooms
$995
107 Dorchester SQ
Lake Mary
Lake Mary, FL
Updated September 8 at 3:43AM
2 Bedrooms
$1,000
Results within 1 miles of Lake Mary, FL
5554 1ST STREET
Sanford
Sanford, FL
Updated September 22 at 10:38AM
2 Bedrooms
$1,195
822 ARBOR LAKES CIRCLE
Sanford
Sanford, FL
Updated September 24 at 10:41AM
2 Bedrooms
$1,095
121 Becket Lane
Heathrow
Heathrow, FL
Updated September 22 at 10:39AM
2 Bedrooms
$1,125
1740 STOCKTON DR.
Sanford
Sanford, FL
Updated September 19 at 9:19AM
2 Bedrooms
$1,175
Results within 5 miles of Lake Mary, FL
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Rent Report
Lake Mary

September 2017 Lake Mary Rent Report

Welcome to the September 2017 Lake Mary Rent Report. Lake Mary rents declined over the past month. In this report, we'll evaluate trends in the Lake Mary rental market, including comparisons to cities throughout the state and nation.

Lake Mary rents declined over the past month

Lake Mary rents have declined 1.3% over the past month, but have increased sharply by 10.5% in comparison to the same time last year. Currently, median rents in Lake Mary stand at $1,310 for a one-bedroom apartment and $1,570 for a two-bedroom. Lake Mary's year-over-year rent growth leads the state average of 3.6%, as well as the national average of 3.0%.

Rents rising across cities in Florida

Throughout the past year, rent increases have been occurring not just in the city of Lake Mary, but across the entire state. Of the largest 10 cities that we have data for in Florida, 9 of them have seen prices rise. The state as a whole logged rent growth of 3.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Pembroke Pines is the most expensive of all Florida's major cities, with a median two-bedroom rent of $2,390; of the 10 largest cities in the state that we have data for, Miami, where a two-bedroom goes for $1,350, is the only major city to see rents fall year-over-year (-0.4%).
  • Lake Mary, Tampa, and St. Petersburg have all experienced year-over-year growth above the state average (10.5%, 5.6%, and 4.6%, respectively).

Many large cities nationwide show more affordable rents compared to Lake Mary

As rents have increased in Lake Mary, large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Compared to most large cities across the country, Lake Mary is less affordable for renters.

  • Lake Mary's median two-bedroom rent of $1,570 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 10.5% increase in Lake Mary.
  • While Lake Mary's rents rose over the past year, some cities nationwide saw decreases, including Houston (-2.4%) and DC (-0.5%).
  • Renters will generally find more expensive prices in Lake Mary than most large cities. For example, Norfolk has a median 2BR rent of $960, where Lake Mary is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Orlando $1,010 $1,210 0.7% 6.4%
Kissimmee $990 $1,190 0.5% 5.6%
Sanford $940 $1,120 0.1% 8.9%
Altamonte Springs $1,000 $1,200 0.1% 4.5%
Oviedo $1,270 $1,520 0.7% 2.9%
Winter Springs $1,050 $1,260 -1.4% 1.2%
Winter Park $990 $1,190 2.2% 7.1%
Maitland $1,040 $1,250 0.2% 2.4%
Lake Mary $1,310 $1,570 -1.3% 10.5%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.