Rentometer, Inc. | Data as of 12/05/2025
Lake Magdalene offers a balanced rental market that appeals to a wide range of renters, from young professionals seeking a convenient studio apartment to families looking for spacious single‑family homes. The community’s close proximity to downtown Tampa and major highways makes commuting effortless, while local amenities such as Lake Magdalene Park, the University of South Florida nearby, and a variety of shopping and dining options provide a relaxed, suburban lifestyle. Renters appreciate the blend of quiet residential streets with quick access to cultural attractions like the historic Tampa Theatre and the vibrant Riverwalk district.
Apartment options in Lake Magdalene are diverse, with studio units typically falling in the $1000s and one‑bedroom apartments averaging in the $1300s. Two‑bedroom apartments often hover around the $1600 range, offering modern finishes and convenient amenities for couples or small households. For those preferring a house, two‑bedroom homes generally rent near $2000, while three‑bedroom houses are commonly found in the $2500 range, making them ideal for growing families. Larger homes with four or more bedrooms command premium rates in the $3000+ bracket, reflecting the spacious layouts and larger lot sizes that many home‑seekers desire.
The rental landscape is further enhanced by Lake Magdalene’s welcoming neighborhoods, such as the well‑established Forest Hills and the newer developments near the Westshore Business District. These areas feature tree‑lined streets, community parks, and easy access to quality schools, contributing to a family‑friendly environment. Whether you’re looking for a sleek downtown‑style apartment or a roomy family house, Lake Magdalene’s rental market provides flexible options that cater to varied lifestyles while maintaining the relaxed charm of Florida’s suburbs.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,070 | $1,101 | $795 - $1,274 | $1,065 - $1,115 |
| Apartment | 1 Bedroom | $1,335 | $1,327 | $1,089 - $1,614 | $1,225 - $1,424 |
| Apartment | 2 Bedroom | $1,576 | $1,601 | $1,300 - $1,770 | $1,442 - $1,700 |
| Apartment | 3 Bedroom | $1,775 | $1,709 | $849 - $2,835 | $919 - $2,835 |
| House | 2 Bedroom | $1,974 | $1,957 | $800 - $3,500 | $1,800 - $2,100 |
| House | 3 Bedroom | $2,498 | $2,400 | $1,099 - $4,200 | $2,100 - $2,795 |
| House | 4+ Bedroom | $4,042 | $3,261 | $1,950 - $16,000 | $2,800 - $4,200 |
In the current period, the average rent in Lake Magdalene was $1,070 for Studio, $1,317 for 1 Bedroom, $1,765 for 2 Bedroom, $2,454 for 3 Bedroom, and $3,401 for 4+ Bedroom.
Data provided by Rentometer, Inc.