Herons Landing
✓ Subsidized, income-based rent structure makes it one of the more affordable options in town
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Lake Placid rental-market research
Compare Apartments in Lake Placid, FL
4 property profiles · Compare recorded details, advertised rents and editorial feedback summaries where available.
Lake Placid, known as the "Caladium Capital of the World" and famous for its town murals, is a small Highlands County community on Lake June-in-Winter. Most of its rental market is single-family houses and individually-owned condo units in golf-course communities like Placid Lakes, but the town also has a handful of subsidized, income-based apartment communities serving seniors and lower-income households.
As of mid-2026, average rent across all Lake Placid rental listings runs around $845/month, well below the national average, while its subsidized apartment communities offer income-based rents that can run as low as $550-$625/month for qualifying households.
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Quick comparison
| Complex | Neighborhood | Beds | Advertised rents | Built |
|---|---|---|---|---|
| Herons Landing | — | — | — | |
| Highlands Cove Phase I | — | — | — | |
| Placid Arms Apartments | — | — | — | |
| Thornbury Apartments | 1-2 BR | $550-$625 | — |
Rents are approximate, from public listings at the research date — confirm with the property.
Other
Highlands Cove Phase I
✓ Reported short waiting list relative to other affordable properties in the area
✕ Limited renter reviews available to gauge management responsiveness
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Placid Arms Apartments
✓ Subsidized rent structure geared toward lower-income households
✕ Minimal public amenity or renter-review information available
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Thornbury Apartments
1-2 BR · $550-$625
✓ Rent is income-based and subsidized, keeping monthly costs well under market rate for the area
✕ Restricted to senior households, so it is not an option for families or younger renters
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Florida renter essentials
Renters insurance is not optional here. Many Florida leases require it, and standard policies generally do not cover flood damage — that may require separate coverage, even in an apartment. Before signing, look up the building's flood zone on FEMA's flood map service and ask which evacuation zone it sits in.
Ask about the real monthly cost. A recurring theme in public resident feedback is fee stacking: valet trash, common-area electric, mandatory bulk internet, pest control, admin and tech fees. Get the full itemized monthly figure in writing before you apply.
Tour with the AC running and ask about hurricanes. Humidity control is the difference between a fine unit and a moldy one; ask how old the AC is. And ask directly how the building handled the last major storm — communities that performed well say so happily, and reviewers call out the ones that didn't.
How this apartment research is made
How we build these pages: we examine publicly available resident feedback from sources such as Google, ApartmentRatings, Yelp and Reddit, then summarize recurring themes in our own words. We don't copy review text or display third-party star ratings. Paid partner modules are labeled and do not alter the editorial summary. Trade-offs reflect what residents report — experiences vary. Rent ranges come from public listings and change often; always confirm current pricing, fees and policies with the property directly.
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