1

Studio Apartment for Rent in Lake Panasoffkee, FL

Section Image
  • /20

    $1,400 Per Month

    • Studio
    • 1 Bath
    • 500 Sq Ft
    • House for Rent

    1138 Cr 457, Lake Panasoffkee, FL 33538

    Property Id: 2576974Lakefront apartment/studio efficiency with screen porch and dock all utilities included looking for one adult single occupant non-smoker with no pets six month minimum lease

    (656) 268-0510

    1138 Cr 457, 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 $1,550 per month, though prices vary by neighborhood, size, and property type. As of June 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 $62,000 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 $1,550 per month in Lake Panasoffkee, FL, renters typically need to show $4,650 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 12.4, 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 Trends in Lake Panasoffkee, FL

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,550
Median Single Family Home Rent
$1,400
How to Rent a Home