Apartments for Rent in Lake Wales, FL

Prices and availability in Lake Wales, FL were last updated on 23 Aug 2026.

The best apartments in Lake Wales, FL are: Sunrise Park I, 2645 SUNSET CIRCLE LAKE WALES, FL 33898, 785 Hunt Dr Lake Wales, FL 33853, 2398 Mckinley Dr. and BDN Investments Condominium Owners Association Inc.

The average rent in Lake Wales, FL is $1,377.

The price range for a 3-bedroom apartment in Lake Wales, FL is between $812 and $2,300.

In Lake Wales 41% of the housing is rented out compared to 59% of homes are owned, according to the most recent Census Bureau estimates. 6% of Lake Wales's apartments are found in large buildings of 50 units or more, 67% are located in smaller apartment complexes with less than 50 units, and 26% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Lake Wales are about 24 years old, on average. Of these, 69% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Lake Wales come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 33% of the total apartments in the city, while 2-bedroom floorplans represent around 49% of all rentals in Lake Wales. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.