Lake Wales, FL Rental Market Trends
Last updated: October 19, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lake Wales is $1,374, a 0.09% decrease compared to the previous year, when the average rent was $1,375.
One-bedroom apartments provide 768 square feet for $1,197, balancing privacy and affordability.
Two-beedroom units at $1,426 offer 1,059 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,287 sq ft) for $1,681, suitable for larger households.
Average rent in Lake Wales, FL
Last updated: October 19, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,374 | 990 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,197 | 768 sq. ft. |
| 2 Beds | $1,426 | 1,059 sq. ft. |
| 3 Beds | $1,681 | 1,287 sq. ft. |
Lake Wales, FL rent trends
Rental prices in Lake Wales, FL have decreased by 0.09% over the past year. The average rent moved from $1,375 to $1,374.
What's the typical rent budget in Lake Wales, FL?
The largest share of rentals in Lake Wales, FL (62%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Lake Wales, FL?
2,561 or 39% of the households in Lake Wales, FL are renter-occupied while 3,999 or 61% are owner-occupied.
How Lake Wales Compares to Other Cities
| City | Average Rent |
|---|---|
| Lake Wales | $1,374 |
| Miami | $2,698 |
| Jacksonville | $1,505 |
| Tampa | $2,003 |
| Orlando | $1,822 |
| Fort Myers | $1,791 |
| Cape Coral | $1,758 |
| West Palm Beach | $2,365 |
| Fort Lauderdale | $2,721 |
| St. Petersburg | $2,040 |
| Kissimmee | $1,823 |
| Edgewood, FL | $1,342 |
| Davenport, FL | $1,795 |
| Saint Cloud, FL | $2,088 |
| Haines City, FL | $1,375 |
| Winter Haven, FL | $1,494 |
| Lakeland, FL | $1,525 |
| Auburndale, FL | $1,894 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lake Wales apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.