Apartments for Rent in Wallace, FL

Prices and availability in Wallace, FL were last updated on 16 Oct 2026.

The best apartments in Wallace, FL are: 6310 Billoree Rd. and 3348 Colonial Oaks Dr, Unit 8D.

The average rent in Wallace, FL is $2,541.

In Wallace, 8% of the residents are renting compared to 92% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Wallace's rentals, none are small-scale complexes with under 50 units, and all 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 Wallace are about 18 years old, on average. Of these, 80% 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 2 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 Wallace 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 13% of the total apartments in the city, while 2-bedroom floorplans represent around 39% of all rentals in Wallace. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.