How much does it cost to rent an apartment in Lake Park?
Lake Park Apartments
Bed TypeAverage RentRange
3BR$1,680
$1,680 - $1,680
Frequently Asked Questions
How many apartments are available in Lake Park, IA on Rentable.co?
Rentable.co has over 48 apartments available in Lake Park.
Can I afford an apartment for rent in Lake Park, IA?
Based on average rent prices in Lake Park, to afford a three-bedroom apartment you would need an annual household income of $67,000 to live comfortably.
Welcome to the April 2024 Lake Park Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
April 2024 key findings and figures for the Lake Park rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Lake Park and surrounding areas and provide comparisons to the entire metro area, nearby cities and
some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of
Lake Park average rent prices in the chart below.
Monthly Rent Report
$1,500
$1,130
$750
$380
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR2 BR
Lake Park Rent Prices Decrease From March to April
Lake Park rent prices decreased over the last month. From March to April, the city experienced a -6.32% decrease for the price of a one-bedroom apartment. The rent price for a Lake Park one-bedroom apartments currently stands at $771.0.
When we take a look at the two-bedroom comparison from March to April, Lake Park experienced a -0.36% decrease for the price of a two-bedroom apartment. The rent price for a Lake Park two-bedroom apartments currently stands at $1,387.0.
April Prices: Lake Park vs. Surrounding Areas
Rent Prices in Lake Park and Surrounding Areas
Rent prices have decreased in Lake Park over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Lake Park suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rents did not increase in any of the Lake Park suburbs
Rents did not decrease in any of the Lake Park suburbs.
April 2024 Pricing Trends: Lake Park vs. National Comparisons
New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent
Lake Park Rent Prices More Affordable Than Major Cities
Rent growth in Lake Park over the past year has been
declining. When compared to major cities nearby, along
with some of the most expensive cities in the country, Lake Park average rent prices appear to be
relatively affordable for local residents.
The price for a Lake Park one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
For more information about Lake Park and surrounding area rent prices, take a look at the complete data set below.
Data set for Lake Park and suburbs
1 BR April
1 BR M/M % Change
2 BR April
2 BR M/M % Change
Methodology
Each month, using over 1 million Rentable listings across the United States, we calculate the median
1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To
avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and
property count thresholds.