$5,500 Per Month
- 2 Beds
- 2.5 Baths
- 1,511 Sq Ft
- Condo for Rent
220 Lake Shore Dr Unit 1015, West Palm Beach, FL 33403
220 Lake Shore Dr Unit 1015, West Palm Beach, FL 33403
Frequently Asked Questions
How much does it cost to rent a condo in Lake Park, FL?
The median rent for a condo in Lake Park, FL is $2,150 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Lake Park, FL?
To comfortably afford the median rent in Lake Park, FL, a household needs to earn roughly $93,000 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 $2,325 per month in Lake Park, FL, renters typically need to show $6,975 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 Park, FL?
In Lake Park, FL, the price-to-rent ratio is 14.7, 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 Park, FL are best for renting a condo?
The best neighborhood for renting in Lake Park, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Inlet Shores, Palm Beach Gardens South, Northwood, Ballenisles and Downtown Palm Beach Gardens, each with its own character and price range.
