Lakeland, FL Rental Market Trends
Highlights
The average rent for an apartment in Lakeland is $1,152, a 6% increase compared to the previous year.
Average Rent in Lakeland, FL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,152 | 6% | 966 sq. ft. |
The average size for a Lakeland, FL apartment is 966 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
- $701-$1,00031%
- $1,001-$1,50059%
- $1,501-$2,00010%
Lakeland, FL Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
16,634 or 40% of the households in Lakeland, FL are renter-occupied while 24,642 or 59% are owner-occupied.
Lakeland, FL Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Jan / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Lakeland, FL | $973 | $998 | $1,019 | $1,020 | $1,047 | $1,094 | $1,090 | $1,089 | $1,098 | $1,140 | $1,152 |
| National | $1,309 | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 | $1,392 |
Average Rent in Lakeland, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Fountain Heights | $1,390 |
| Edgewater Beach | $1,204 |
| Granada | $1,204 |
| Jewel Avenue | $1,204 |
| Kathleen High School | $1,204 |
| Kathleen Road | $1,204 |
| Lake Parker Park | $1,204 |
| Lakeshore | $1,204 |
| Paul A Diggs | $1,204 |
| Pinehurst | $1,204 |
| Robson | $1,204 |
| Swannanoa | $1,204 |
| Tigertown | $1,204 |
| Valencia Heights | $1,204 |
| Watson | $1,204 |
| Webster Park North | $1,204 |
| Webster Park South | $1,204 |
| Lake Parker | $1,184 |
| Beacon Hill | $1,164 |
| Beacon Terrace | $1,164 |
| Camphor | $1,164 |
| Cleveland Heights | $1,164 |
| Cleveland Heights Country Club | $1,164 |
| Dixieland | $1,164 |
| Edgewood | $1,164 |
| Imperial | $1,164 |
| Lake Bentley | $1,164 |
| Lake Hollingsworth | $1,164 |
| Lake Somerset | $1,164 |
| Raintree | $1,164 |
| Southwest Lakeland | $1,164 |
| Westgate | $1,164 |
| Lake Gibson | $1,158 |
| Lakeside Village | $1,110 |
| Winston | $1,110 |
| Evergreen Mobile Home Park | $1,098 |
| Meadow View Lake | $1,098 |
| John Cox | $1,071 |
| South Lake Morton | $1,057 |
| Carillon Lakes | $997 |
| Lakeland Linder Regional Airport | $997 |
| Biltmore | $908 |
| Cumberland | $908 |
| Downtown Lakeland | $908 |
| East Lake Morton | $908 |
| Florida Southern College | $908 |
| Lake Bonny | $908 |
| Lake Bonny Park | $908 |
| Lake Horney | $908 |
| Lime Street | $908 |
| Little Lake Bonny | $908 |
| Parker Street | $908 |
| Shore Acres | $908 |
The most affordable neighborhoods in Lakeland are Biltmore, where the average rent goes for $908/month, Cumberland, where renters pay $908/mo on average, and Downtown Lakeland, where the average rent goes for $908/mo. If you’re looking for other great deals, check out the listings from East Lake Morton ($908), Florida Southern College ($908), and Lake Bonny ($908), where the asking prices are below the average Lakeland rent of $1,152/mo.
The most expensive neighborhoods in Lakeland are Webster Park North ($1,204), Webster Park South ($1,204) and Fountain Heights ($1,390).
The most popular neighborhood in Lakeland is Fountain Heights, where there are 4 verified RENTCafé listings with an average rent of $1,390. Next up is Lake Gibson, where apartments go for $1,158/month, followed by Lake Parker with $1,184 If you’re looking to rent in Lakeland’s most popular neighborhoods, make sure to also check out Meadow View Lake, where renters pay $1,098 on average, and Cleveland Heights, where the average monthly rent is $1,164.
Lakeland | Rent Comparison by Neighborhood
Rent in Beacon Hill is the same as in Beacon Terrace
Beacon Hill rent is 1% higher than Lakeland average
| Average Rent | $1,164 |
|---|
Beacon Terrace rent is 1% higher than Lakeland average
| Average Rent | $1,164 |
|---|
How Lakeland Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Jacksonville | $1,156 | 4% |
| Kissimmee | $1,358 | -2% |
| Orlando | $1,388 | -3% |
| Miami | $1,708 | n/a |
| Tampa | $1,399 | 3% |
| St. Petersburg | $1,423 | 5% |
| Lakeland | $1,152 | 6% |
| Brandon | $1,303 | 6% |
| Clearwater | $1,310 | 5% |
| Winter Haven | $1,038 | 2% |
| Davenport | $1,467 | n/a |
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!