102 Apartments under 1300 for rent in Lake Mary, FL

Last updated November 22 at 8:45am UTC
2608 Grassy Point Dr
Lake Mary
Lake Mary, FL
Updated November 18 at 2:01am UTC
1 Bedroom
$995
729 SECRET HARBOR LANE
Lake Mary
Lake Mary, FL
Updated November 21 at 5:45pm UTC
2 Bedrooms
$1,175
111 E Floyd Ave
Lake Mary
Lake Mary, FL
Updated November 21 at 9:24am UTC
3 Bedrooms
$1,250
2612 Grassy Point Unit 100
Lake Mary
Lake Mary, FL
Updated November 20 at 12:03pm UTC
2 Bedrooms
$1,100
271 Short Street
Lake Mary
Lake Mary, FL
Updated October 4 at 1:09pm UTC
2 Bedrooms
$949
Results within 1 miles of Lake Mary, FL
131 Sand Pine Cir
Hidden Lake
Sanford, FL
Updated November 21 at 5:59pm UTC
2 Bedrooms
$1,175
5542 1st ST.
Sanford
Sanford, FL
Updated November 15 at 11:41am UTC
2 Bedrooms
$1,095
100 Lindsey Way
Sanford
Sanford, FL
Updated November 17 at 6:09pm UTC
2 Bedrooms
$925
2520 Stockton Dr
Sanford
Sanford, FL
Updated November 8 at 11:26am UTC
3 Bedrooms
$1,150
1740 STOCKTON DR.
Sanford
Sanford, FL
Updated October 26 at 10:20am UTC
2 Bedrooms
$1,150
2205 NORTHLAKE DRIVE
Sanford
Sanford, FL
Updated November 8 at 1:57am UTC
2 Bedrooms
$1,025
103 NORTHLAKE DRIVE
Sanford
Sanford, FL
Updated November 4 at 9:50am UTC
2 Bedrooms
$950
Results within 5 miles of Lake Mary, FL
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November 2017 Lake Mary Rent Report

Welcome to the November 2017 Lake Mary Rent Report. In this report, we'll evaluate trends in the Lake Mary rental market, including comparisons to cities throughout the metro, state, and nation.

View full Lake Mary Rent Report
Rent Report
Lake Mary

November 2017 Lake Mary Rent Report

Welcome to the November 2017 Lake Mary Rent Report. In this report, we'll evaluate trends in the Lake Mary rental market, including comparisons to cities throughout the metro, state, and nation.

Lake Mary rents increase sharply over the past month

Lake Mary rents have increased 0.7% over the past month, and have increased sharply by 7.2% in comparison to the same time last year. Currently, median rents in Lake Mary stand at $1,300 for a one-bedroom apartment and $1,560 for a two-bedroom. Lake Mary's year-over-year rent growth leads the state average of 3.5%, as well as the national average of 2.7%.

Rents rising across the Orlando Metro

Throughout the past year, rent increases have been occurring not just in the city of Lake Mary, but across the entire metro. Of the largest 10 cities that we have data for in the Orlando metro, 9 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Lake Mary has the most expensive rents in the Orlando metro, with a two-bedroom median of $1,560; the city has also seen rent growth of 0.7% over the past month, the fastest in the metro.
  • Over the past year, Winter Springs is the only city in the metro that has seen rents fall, with a decline of 1.2%. Median two-bedrooms there cost $1,230, while one-bedrooms go for $1,020.
  • Sanford has the least expensive rents in the Orlando metro, with a two-bedroom median of $1,100; rents decreased 1.4% over the past month but were up 5.7% over the past year.

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

As rents have increased sharply in Lake Mary, other 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.

  • Rents increased moderately in other cities across the state, with Florida as a whole logging rent growth of 3.5% over the past year. For example, rents have grown by 4.2% in Jacksonville.
  • Lake Mary's median two-bedroom rent of $1,560 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 7.2% increase in Lake Mary.
  • While Lake Mary's rents rose sharply over the past year, many cities nationwide saw decreases, including DC (-0.6%), New York (-0.2%), and Nashville (-0.1%).
  • Renters will generally find more expensive prices in Lake Mary than most large cities. For example, Houston has a median 2BR rent of $1,010, 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 $1,020 $1,220 -0.0% 6.4%
Kissimmee $990 $1,190 0.5% 6.2%
Sanford $920 $1,100 -1.4% 5.7%
Altamonte Springs $1,000 $1,200 0.5% 4.2%
Oviedo $1,250 $1,500 -0.7% 0.7%
Winter Springs $1,020 $1,230 -1.9% -1.2%
Winter Park $1,000 $1,200 0.1% 7.3%
Casselberry $1,020 $1,220 -0.9% 5.4%
Maitland $1,040 $1,250 0.3% 1.7%
Lake Mary $1,300 $1,560 0.7% 7.2%

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.