Rentometer, Inc. | Data as of 10/23/2025
Lake Magdalene offers a vibrant rental market that blends suburban comfort with easy access to the amenities of nearby Tampa. Prospective renters will find a balanced mix of apartments and single‑family homes, catering to everything from young professionals seeking a modern studio to families looking for spacious multi‑bedroom houses. Studio apartments typically rent in the $1,200 range, while one‑bedroom units hover around the $1,300‑$1,400 bracket, providing affordable entry points for newcomers. Two‑bedroom apartments climb into the $1,600 range, and larger family homes follow a clear progression: two‑bedroom houses are commonly found in the $1,900‑$2,000 range, three‑bedroom properties near the $2,500 tier, and four‑plus bedroom residences reach the $3,200‑$4,000 level, reflecting the area's appeal for growing households.
Beyond pricing, Lake Magdalene is celebrated for its leafy neighborhoods, well‑rated schools, and convenient proximity to major thoroughfares like I‑275, making commutes to downtown Tampa and the airport straightforward. Outdoor enthusiasts enjoy nearby parks such as Lake Magdalene Park and Esperanza Park, while shoppers appreciate the assortment of retail centers and dining options along US‑41. Whether you’re drawn by the quiet suburban feel, the nearby cultural attractions, or the diverse housing stock, Lake Magdalene stands out as a welcoming community for renters seeking both quality of life and value in Florida’s thriving real‑estate landscape.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,190 | $1,244 | $795 - $1,494 | $1,065 - $1,298 |
| Apartment | 1 Bedroom | $1,363 | $1,350 | $1,194 - $1,614 | $1,289 - $1,400 |
| Apartment | 2 Bedroom | $1,620 | $1,634 | $1,300 - $1,854 | $1,550 - $1,745 |
| House | 2 Bedroom | $1,963 | $1,950 | $800 - $3,500 | $1,800 - $2,100 |
| House | 3 Bedroom | $2,522 | $2,464 | $1,099 - $4,200 | $2,139 - $2,770 |
| House | 4+ Bedroom | $3,929 | $3,211 | $1,950 - $16,000 | $2,750 - $4,200 |
In the current period, the average rent in Lake Magdalene was $1,190 for Studio, $1,352 for 1 Bedroom, $1,772 for 2 Bedroom, $2,522 for 3 Bedroom, and $3,480 for 4+ Bedroom.
Data provided by Rentometer, Inc.