Lakeland, FL Rental Market Trends
Highlights
The average rent for an apartment in Lakeland is $1,085, a 5% increase compared to the previous year.
Average Rent in Lakeland, FL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,085 | 5% | 946 sq. ft. |
The average size for a Lakeland, FL apartment is 946 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Lakeland, FL Apartment Rent Ranges
- $501-$7003%
- $701-$1,00035%
- $1,001-$1,50058%
- $1,501-$2,0004%
Lakeland, FL Occupied Housing Units
- Renter-occupied Households41%
- Owner-occupied Households58%
16,830 or 41% of the households in Lakeland, FL are renter-occupied while 23,613 or 58% are owner-occupied.
Lakeland, FL Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lakeland, FL | $933 | $938 | $968 | $973 | $998 | $1,019 | $1,020 | $1,047 | $1,094 | $1,090 | $1,085 |
| National | $1,354 | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,473 | $1,474 |
Average Rent in Lakeland, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Shore Acres | $873 |
| Parker Street | $873 |
| Little Lake Bonny | $873 |
| Lime Street | $873 |
| Lake Horney | $873 |
| Lake Bonny Park | $873 |
| Lake Bonny | $873 |
| Florida Southern College | $873 |
| East Lake Morton | $873 |
| Downtown Lakeland | $873 |
| Cumberland | $873 |
| Biltmore | $873 |
| Lakeland Linder Regional Airport | $921 |
| Carillon Lakes | $921 |
| John Cox | $1,029 |
| Meadow View Lake | $1,033 |
| Evergreen Mobile Home Park | $1,033 |
| South Lake Morton | $1,041 |
| Winston | $1,087 |
| Lakeside Village | $1,087 |
| Lake Gibson | $1,139 |
| Lake Parker | $1,148 |
| Webster Park South | $1,155 |
| Webster Park North | $1,155 |
| Watson | $1,155 |
| Valencia Heights | $1,155 |
| Tigertown | $1,155 |
| Swannanoa | $1,155 |
| Robson | $1,155 |
| Pinehurst | $1,155 |
| Paul A Diggs | $1,155 |
| Lakeshore | $1,155 |
| Lake Parker Park | $1,155 |
| Kathleen Road | $1,155 |
| Kathleen High School | $1,155 |
| Jewel Avenue | $1,155 |
| Granada | $1,155 |
| Edgewater Beach | $1,155 |
| Westgate | $1,170 |
| Southwest Lakeland | $1,170 |
| Raintree | $1,170 |
| Lake Somerset | $1,170 |
| Lake Hollingsworth | $1,170 |
| Lake Bentley | $1,170 |
| Imperial | $1,170 |
| Edgewood | $1,170 |
| Dixieland | $1,170 |
| Cleveland Heights Country Club | $1,170 |
| Cleveland Heights | $1,170 |
| Camphor | $1,170 |
| Beacon Terrace | $1,170 |
| Beacon Hill | $1,170 |
| Fountain Heights | $1,299 |
The most affordable neighborhoods in Lakeland are Biltmore, where the average rent goes for $873/month, Cumberland, where renters pay $873/mo on average, and Downtown Lakeland, where the average rent goes for $873/mo. If you’re looking for other great deals, check out the listings from East Lake Morton ($873), Florida Southern College ($873), and Lake Bonny ($873), where the asking prices are below the average Lakeland rent of $1,085/mo.
The most expensive neighborhoods in Lakeland are Southwest Lakeland ($1,170), Westgate ($1,170) and Fountain Heights ($1,299).
The most popular neighborhood in Lakeland is Lake Parker, where there are 17 verified RENTCafé listings with an average rent of $1,148. Next up is Lake Gibson, where apartments go for $1,139/month, followed by Lakeside Village with $1,087 If you’re looking to rent in Lakeland’s most popular neighborhoods, make sure to also check out Meadow View Lake, where renters pay $1,033 on average, and Camphor, where the average monthly rent is $1,170.
Lakeland | Rent Comparison by Neighborhood
Rent in Beacon Hill is the same as in Beacon Terrace
Beacon Hill rent is 8% higher than Lakeland average
| Average Rent | $1,170 |
|---|
Beacon Terrace rent is 8% higher than Lakeland average
| Average Rent | $1,170 |
|---|
How Lakeland Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Jacksonville | $1,100 | 3% |
| Tampa | $1,345 | 4% |
| Miami | $1,707 | 3% |
| Kissimmee | $1,381 | 5% |
| Homestead | $1,294 | 7% |
| Lakeland | $1,085 | 5% |
| Plant City | $961 | 2% |
| Winter Haven | $1,019 | 5% |
| Winter Haven City | $1,019 | 5% |
| Bartow | $1,018 | -3% |
| Bartow City | $1,018 | -3% |
For more information about the Lakeland rental trends, check out our monthly rent report
Check out Florida Cities, Florida Neighborhoods and Florida Zip Codes for more details on verified listings, including the Florida Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!