Apartments for Rent in Lake Wales, FL

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

The best apartments in Lake Wales, FL are: 2398 Mckinley Dr., BDN Investments Condominium Owners Association Inc and 1136 Roberta Rd.

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

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 average age of rental buildings in Lake Wales is 24 years old, with 69% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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.