Lakeland, FL Rental Market Trends
Last updated: October 30, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lakeland is $1,545, a 0.27% increase compared to the previous year, when the average rent was $1,541.
Studio Apartments at $1,038 offer the most budget-friendly option with 429 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 739 square feet for $1,366, balancing privacy and affordability.
Two-bedroom units at $1,620 offer 1,115 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,323 sq ft) for $1,834, suitable for larger households.
Average rent in Lakeland, FL
Last updated: October 30, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,545 | 995 sq. ft. |
| Studio | $1,038 | 429 sq. ft. |
| 1 Bed | $1,366 | 739 sq. ft. |
| 2 Beds | $1,620 | 1,115 sq. ft. |
| 3 Beds | $1,834 | 1,323 sq. ft. |
Lakeland, FL rent trends
Rental prices in Lakeland, FL have increased by 0.27% over the past year. The average rent moved from $1,541 to $1,545.
What's the typical rent budget in Lakeland, FL?
The largest share of rentals in Lakeland, FL (50%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Lakeland, FL?
20,860 or 44% of the households in Lakeland, FL are renter-occupied while 26,956 or 56% are owner-occupied.
Most affordable neighborhoods in Lakeland?
Webster Park North $1,118/month
Little Lake Bonny $1,210/month
Robson $1,403/month
All of these neighborhoods fall below the city wide average of $1,545/month.Most expensive neighborhoods in Lakeland?
Lake Parker $1,589/month
Lakeside Village $1,688/month
Downtown Lakeland $1,959/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Lakeland, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Lakeland | $1,959 |
| Lakeside Village | $1,688 |
| Lake Parker | $1,589 |
| Meadow View Lake | $1,552 |
| Parker Street | $1,519 |
| Lake Gibson | $1,515 |
| Lake Somerset | $1,505 |
| Edgewood | $1,477 |
| Raintree | $1,432 |
| Robson | $1,403 |
| Little Lake Bonny | $1,210 |
| Webster Park North | $1,118 |
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Lakeland | Rent Comparison by Neighborhood
Rent in Downtown Lakeland is 33% higher than in Edgewood
$1,959
Downtown Lakeland rent is 27% higher than Lakeland average
Average Rent
$1,959
$1,477
Edgewood rent is 4% lower than Lakeland average
Average Rent
$1,477
How Lakeland Compares to Other Cities
| City | Average Rent |
|---|---|
| Lakeland | $1,545 |
| Jacksonville | $1,527 |
| Miami | $2,765 |
| Tampa | $2,024 |
| West Palm Beach | $2,467 |
| Kissimmee | $1,861 |
| Orlando | $1,837 |
| Cape Coral | $1,698 |
| Fort Myers | $1,735 |
| St. Petersburg | $2,069 |
| Homestead | $1,975 |
| Davenport, FL | $1,755 |
| Winter Haven, FL | $1,481 |
| Clermont, FL | $1,755 |
| Temple Terrace, FL | $1,595 |
| Bartow, FL | $1,645 |
| Dade City, FL | $1,052 |
| Auburndale, FL | $1,900 |
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 Lakeland 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.