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Lake Panasoffkee, FL Homes for Rent

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    $1,150 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
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    $1,395 Per Month

    • 2 Beds
    • 2 Baths
    • 1,104 Sq Ft
    • House for Rent

    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
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    $1,475 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

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 $1,435 per month, though prices vary by neighborhood, size, and property type. As of August 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 $57,400 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 $1,435 per month in Lake Panasoffkee, FL, renters typically need to show $4,305 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 13.2, 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.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,435
Median Single Family Home Rent
$1,323
How to Rent a Home