The former England international was highly complimentary of Manchester City’s start to the season, where they top the table by eight points.
But Lampard thinks that second-place Manchester United and Chelsea, in third, still have enough quality to take it all the way down to the wire.
Lampard knows what it takes to win the championship as he achieved the feat with the Blues on three occasions.
He then went on to have a 12-month spell with City before joining their sister club New York City.
Ahead of the Manchester derby on Sunday (4.30pm), Lampard revealed his thoughts on how this season will pan out.
“I think the others will struggle for the consistency to close the gap on a team who are playing so well in Manchester City,” Lampard told talkSPORT.
“But we certainly can’t say it’s over at this stage, yet.
“What the other teams, other than City, need to do is try and stay in contention and hope for a blip with [sic] City.
“At the moment it’s not coming… but you have to stay in the game.”
City have left it late to win each of their last three games against Huddersfield, Southampton and West Ham.
And Lampard believes that those characteristics show that they will be a difficult team to overthrow.
He added: “We’ve seen in the last two games City are not going to have it all their own way – they’re going to come up against difficult games.
“They’ve shown grit – to be fair to them – this week to get two results, and Manchester United is a huge game for them as well.
“But for the neutral, obviously, we want to see it [the title race] stay alive, but for City they want to put one foot closer to being champions in December, which is an early call.”