5

Lake Panasoffkee, FL Homes for Rent

Section Image
  • /13

    $1,250 Per Month

    • 2 Beds
    • 2 Baths
    • 784 Sq Ft
    • Property for Rent

    1115 NW 12th Ln, Lake Panasoffkee, FL 33538

    This Nice 2-bedroom, 2-bath single-wide manufactured home is in a quiet neighborhood in a great location in Lake Panasoffkee. It offers convenience to the scenic Lake Panasoffkee Wildlife Management Area and easy access to I-75 for simple commuting north and south. *Visit our website for online application and qualifications*Looking to build your credit while renting? Look no further we

    Jeremy Gunn GUNN PROPERTY SERVICES, LLC

    1115 NW 12th Ln, Lake Panasoffkee, FL 33538
  • /19

    $1,500 Per Month

    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • Live Oak Terrace-Lot 39

    4043 NW 40th St, Lake Panasoffkee, FL 33538

    3 Bedroom, 2 Bathroom double wide available for rent in the quiet community of Live Oak Terrace in Lake Panasoffkee, FL. This nice home is complete with fresh paint and laminate flooring. Spacious living room and kitchen area with refrigerator, stove and dishwasher. Laundry room space has washer and dryer hookups. Tenant is responsible for all utilities. Rental rate is $1,500/per month (includes

    4043 NW 40th St, Lake Panasoffkee, FL 33538
  • /8

    $1,500 Per Month

    • 2 Beds
    • 2 Baths
    • 973 Sq Ft
    • House for Rent

    1314 Cr 443, Lake Panasoffkee, FL 33538

    For rent. 2 bedroom, 2 bathroom home in Tracy’s Point, Lake Panasoffkee. Fenced back yard. Pets allowed with pet screening application and additional fee.

    Connie Mahan CONNIE MAHAN REAL ESTATE GROUP

    1314 Cr 443, Lake Panasoffkee, FL 33538
  • /10

    $1,000 Per Month

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Live Oak Terrace- Lot 50

    2634 NW 25th Ave, Lake Panasoffkee, FL 33538

    Available NOW!! 2 Bedroom, 1 Bathroom single wide available for rent in the quiet community of Live Oak Terrace in Lake Panasoffkee, FL. This quaint home has a nice kitchen area, dining room and living room space. Washer/Dryer hookups. Rental rate is $1,000/per month (includes lawn, trash & pest control). Tenant is responsible for utilities. Requiring Rental application, proof of

    2634 NW 25th Ave, Lake Panasoffkee, FL 33538
  • /33

    $1,595 Per Month

    • 2 Beds
    • 2 Baths
    • 1,104 Sq Ft
    • 2 bedroom 2 bathroom Lake House with a bonus room

    3610 Cr 406, Lake Panasoffkee, FL 33538

    Call today to see this adorable 2 bedroom 2 bathroom home with a bonus room that could be used as another bedroom or family room! This property sits on over 1/2 acre of land with water view in your backyard of the canal that opens up to Lake Panasoffkee and Withlacoochee River! This home has all new stainless steel appliances, central AC & Heat, water proof vinyl flooring throughout. Washer &

    3610 Cr 406, Lake Panasoffkee, FL 33538

Why Live in Lake Panasoffkee

Lake Panasoffkee, Florida, sits along the western shore of its namesake lake and draws both year-round residents and winter visitors who like being about 30 miles from The Villages while still having more flexibility in home styles and daily life. Housing in Lake Panasoffkee ranges from midcentury bungalows and ranch-style homes built from the 1950s through the early 2000s to mobile and manufactured homes, with many older properties featuring sunrooms, lanais, and, on larger lots, guest cabins or equestrian facilities. A small number of newer Craftsman-style homes built after 2022 tend to be smaller and designed to keep cooling costs down, which can appeal to part-time residents. The lake is a focal point, with fishing and boating on Lake Panasoffkee and the Outlet River, public access at Coleman Landing Boat Ramp, and nearby attractions like Marsh Bend “Outlet” Park and Lake Panasoffkee Recreation Park, which has ball fields, courts, a skate park, and a dog park. Dining spots include Big Bass Grill with its lakefront patio and weekend music, and long-running Catfish Johnny’s Restaurant, plus everyday shopping along County Road 470. Families are typically zoned to highly rated Lake Panasoffkee Elementary School, with older students attending South Sumter Middle and High schools, where there are multiple Advanced Placement, Cambridge, dual enrollment, and career technical programs. The area is car-dependent, with no local public transit, but sits near Interstate 75 and State Route 44 for trips to Tampa, Crystal River, and Orlando.

Frequently Asked Questions

How much does it cost to rent a home in Lake Panasoffkee, FL?
The median rent for a home in Lake Panasoffkee, FL is $1,500 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Lake Panasoffkee, FL?
To comfortably afford the median rent in Lake Panasoffkee, FL, a household needs to earn roughly $60,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,500 per month in Lake Panasoffkee, FL, renters typically need to show $4,500 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lake Panasoffkee, FL?
In Lake Panasoffkee, FL, the price-to-rent ratio is 12.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lake Panasoffkee, FL are best for renting a home?
The best neighborhood for renting in Lake Panasoffkee, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Sumterville and Oxford, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,500
Median Single Family Home Rent
$1,400
How to Rent a Home