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Rental Market Trends in Lake City, FL

What is the average rent in Lake City, FL?

$908/month

Average Rent

598 Sq Ft

Average Apartment Size

-4.2%

Decrease in the Last Year

As of April 2026, the average rent in Lake City, FL is $908 per month. This is 45% lower than the national average rent of $1,641/month, making renting in Lake City more affordable than most cities in the US. When you rent an apartment in Lake City, you can expect to pay about $580 per month for a studio, $908 for a one-bedroom apartment, and around $1,044 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,300 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$580/month
393 Sq Ft
One Bedroom
$908/month
598 Sq Ft
Two Bedroom
$1,044/month
863 Sq Ft
Three Bedroom
$1,300/month
1,287 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$1,867/month
1,150 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Lake City, FL?

In the past year, rent has decreased by 4.2%, which averages out to $38 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Lake City, FL
Last Updated April 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Lake City, FL
Percentage*
Rent Range
27% Below $700/month
47% $700 - $1,000/month
27% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Lake City, FL?

Because the average rent in Lake City is $908, you’ll want to make about $3,026 per month or $36,312 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Lake City, FL

44 Available Apartments for Rent

Search for Nearby Apartments

How does Lake City, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Lake City, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Lake City, FL

Apartment Averages

Apartment communities in Lake City we think you'll love

Sundial Apartments

Sundial Apartments

150-221 SE Sundial Pl,
Lake City, FL 32025

$955 - $1,075 Total Monthly Price

1 Bed | 12 Month Lease

The Grove

The Grove

384 SW Dexter Cir,
Lake City, FL 32025

$1,190

2 Beds

Amberwood Hills

Amberwood Hills

612 SW Amberwood Loop,
Lake City, FL 32025

$900 - $1,275

Studio - 2 Beds

160 SW Ivy Glen

160 SW Ivy Glen

160 SW Ivy Glen,
Lake City, FL 32024

$2,200 Total Monthly Price

3 Beds

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United States Florida Lake City Rental Trends

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 February 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.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity