Background Image

Lake Placid, FL Area Guide

Avg Rent

$847

Population

2,352

Renter Mix

45% Rent

Bask in the beauty of the Caladium Capital of the World

Scenic Affordable Quaint

Lake Placid carries two nicknames that tell you almost everything you need to know: the "Town of Murals" and the "Caladium Capital of the World." Forty-seven hand-painted murals decorate building facades throughout this small Highlands County town, giving everyday errands an open-air gallery feel. The eastern shores of Lake June-in-Winter anchor one edge of town, while tranquil tree-lined roads, broad green spaces, and a string of freshwater lakes round out the scenery. Downtown Main Avenue draws residents to local eateries and independent shops within easy reach of home.

The rental market covers a solid range of options, from single-family rentals and townhomes to smaller apartment communities. Low population density means little traffic and a genuinely relaxed pace of daily life.

With 98 percent of the world's caladium bulbs grown across 14 local farms spanning 1,200 acres, this town of roughly 2,360 residents holds a remarkable place in American horticulture. That heritage comes alive every summer at the annual Caladium Festival, drawing visitors from across the regio

Demographics

Median Household Income

$42,860

Average: $53,045

Education

407

Residents Have a Degree

Job Market

761

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

44 Years

Largest Age Group

60-69 Years

Approximately 13% of Residents

Under 20

23%

Over 65

26%

Housing Distribution

Lake Placid has more homeowners than renters.

Renters
45%
Non-Renters
55%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
16%
Other Education
84%

Rent Trends

As of September 2026, the average apartment rent in Lake Placid, FL is $847 for one bedroom, $923 for two bedrooms, and $1,888 for three bedrooms. Apartment rent in Lake Placid has increased by 1.7% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$847/month
650 Sq Ft
House
$1,519/month
718 Sq Ft
See Rental Market Trends in Lake Placid, FL

Learn More About Lake Placid

Getting Around

Somewhat Walkable

Walkability

20 / 100

Exceptionally Drivable

Drivability

100 / 100

Somewhat Bikeable

Bikeability

20 / 100

Schools

Lake Placid Elementary School

Public

Grades PK-5

549 Students

Lake Country Elementary School

Public

Grades PK-5

594 Students

Lake Placid Middle School

Public

Grades 6-8

493 Students

Lake Placid High School

Public

Grades PK & 9-12

761 Students

Points of Interest

Top Apartments in Lake Placid

Houses for Rent in Lake Placid

Living in Lake Placid

History

-

The mural program is the most visible piece of Lake Placid's cultural identity. 47 large-scale works are painted on storefronts and walls across town, turning Main Avenue and surrounding streets into a walkable showcase of local art and history. Each mural tells a story tied to the region's agricultural roots, natural landscape, or community milestones, giving newcomers an accessible introduction to what makes this place tick.

Caladium farming took root here in the 1940s and gradually shaped the town into a center of ornamental horticulture. The Lake Placid Tower, a concrete block observation tower, stands as one of the town's most distinctive landmarks, and the annual Caladium Festival each summer keeps that agricultural heritage front and center in community life.

Restaurants

-

Main Avenue is the dining corridor in Lake Placid with many casual, locally owned spots where menus reflect straightforward American cooking and the atmosphere is relaxed and unpretentious. The concentration of independent eateries downtown means most residents can cover everyday dining without leaving the immediate area.

Every summer, the Caladium Festival expands the food scene with outdoor vendors and community gatherings, giving residents and visitors a chance to sample local flavors against the backdrop of Lake Placid's famous garden heritage.

Transportation

-

Lake Placid's rural layout and low population density mean nearly all daily trips are made by car, with road access connecting residents to the broader Highlands County network. For occasional rail travel, the Sebring Amtrak Station is about 18 miles away, roughly a 30-minute drive. South Florida State College is approximately 26 miles out, about a 41-minute commute by car.

Parks

-

Lake June-in-Winter is the most prominent natural gathering point in town, with the lakefront open for fishing, boating, and catching a classic Florida sunset. The broader landscape is dotted with additional freshwater lakes, each offering its own access to kayaking, angling, and shoreline recreation.

Generous stretches of green space weave through and around town, keeping the rural character intact even as Main Avenue draws residents in for errands. Each summer, the Caladium Festival transforms local outdoor spaces into a lively community event, complete with garden tours and open-air activities rooted in the town's agricultural story.

Cost

-

Rental rates in Lake Placid run well below the Florida statewide average, making it one of the more affordable places to rent in the state. One-bedroom apartments average around $844 per month, two-bedroom units average roughly $920, and three-bedroom homes average approximately $1,883. The median household income in town is $42,860, and the overall cost of day-to-day living tends to reflect the town's small-scale, low-density character.

Shopping

-

Independent shops line Main Avenue downtown, offering a more personal retail experience than a typical strip mall. Several shopping centers sit within a few miles along Interlake Boulevard, including options at Compton Plaza, so everyday needs are never far away.

The town's mural arts scene supports a handful of art-oriented retail spaces downtown, where locally made goods and creative work reflect the same spirit that fills the walls just outside.

Highlights

-

Lake Placid has a varied landscape with 47 outdoor murals, the distinction of producing 98 percent of the world's caladium bulbs, and a lakefront setting that supports year-round outdoor recreation.

Search Nearby Rentals

Nearby City Rentals

Nearby City Guides

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.