$2,200 Per Month
- 3 Beds
- 2 Baths
- 1,451 Sq Ft
- House for Rent
5 SE Ocale Way, Summerfield, FL 34491
5 SE Ocale Way, Summerfield, FL 34491
Frequently Asked Questions
How much does it cost to rent a home in Summerfield, FL?
The median rent for a home in Summerfield, FL is $2,000 per month, though prices vary by neighborhood, size, and property type. As of May 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 Summerfield, FL?
To comfortably afford the median rent in Summerfield, FL, a household needs to earn roughly $80,000 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 $2,000 per month in Summerfield, FL, renters typically need to show $6,000 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 Summerfield, FL?
In Summerfield, FL, the price-to-rent ratio is 12.0, 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 Summerfield, FL are best for renting a home?
The best neighborhood for renting in Summerfield, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Silver Spring Shores, Oxford and Village of Rio Grande, each with its own character and price range.
