Updated 5+ Days Ago
Location
502 Canal Dr #1, Lake Wales, FL 33859, USA
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Property Overview
Strong value stands out here, with exceptional rankings for value per square foot and overall value for money compared with nearby properties. It also offers a quiet environment, included utilities, and high-speed internet, which can support a comfortable setup for working from home.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Less expensive
- Middle school nearby
Great for
Work-from-home
Amenities for 502 Canal Dr #1
Features
| Air Conditioning | Balcony |
| Driveway | Dryer |
| Electricity | Forced Air |
| Freezer | Furnished |
| Tile | Utilities Included |
| Water |
Appliances
| Dishwasher | Garbage Disposal |
| In-Unit Laundry | Microwave |
| Refrigerator |
Tech
| Internet |
Community
| Carport | Sewage |
Grounds
| Hot Tub/Spa | Lawn |
| Outdoor Space | Swimming Pool |
Neighborhood
| Street |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Lease terms | 6+ months |
|---|
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About 502 Canal Dr #1
Property Id: 2813430 A 3/3 concrete block/stucco house with a pool, large open living areas, a/c all utilities included. On a canal with access to Crooked Lake. Renting 2 rooms, THIS LISTING IS TO RENT 2 OF THE 3 BEDROOMS @ $1400/Mo each. They are seperate rentals that can be rented single or by the pair each with their own private bathroom. Across highway from Warner University. A few minutes south of Lake Wales on US 27. Background/Credit Check
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 502 Canal Dr #1 compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 2107 sqft larger than other listings nearby
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- Middle school nearby
- There is a middle school 1 mile away
Considerations
- Lacks images
- Fewer than 10 photos available for this location
Address details
| Zip code | 33859 |
|---|---|
| Type | House for rent |
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Rent trends in Lake Wales
3-bedroom apartments at 502 Canal Dr #1 cost about 18% less than the average rent price for 3-bedroom apartments in Lake Wales.
Median rents as of Aug 29 2026.
Lake Wales
| Month | Median Rent |
|---|---|
| September 2024 | $1,782 |
| October 2024 | $1,668 |
| November 2024 | $1,575 |
| December 2024 | $1,850 |
| January 2025 | $1,825 |
| February 2025 | $1,805 |
| March 2025 | $1,748 |
| April 2025 | $1,791 |
| May 2025 | $1,794 |
| June 2025 | $1,774 |
| July 2025 | $1,771 |
| August 2025 | $1,785 |
| September 2025 | $1,797 |
| October 2025 | $1,889 |
| November 2025 | $1,897 |
| December 2025 | $1,898 |
| January 2026 | $1,899 |
| February 2026 | $1,932 |
| March 2026 | $1,967 |
| April 2026 | $1,861 |
| May 2026 | $1,776 |
| June 2026 | $1,800 |
| July 2026 | $1,785 |
| August 2026 | $1,715 |
Affordability calculator
Can I afford to live at 502 Canal Dr #1?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$56,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $56,000 annually to afford this 3-bedrooms monthly rent price of $1,400.
For more information on rent affordability, visit our rent calculator.
Schools near 502 Canal Dr #1
Ben Hill Griffin Jr. Elementary School
501 mcleod rd
frostproof, FL, 33843
PK, K-5Public
C+
ALPI Frostproof Child Development Center
701 hopson rd
frostproof, FL, 33843
PKPublic
Gibbons Street Pk Center
1860 gibbons st e
bartow, FL, 33830
PKPublic
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Internet available near 502 Canal Dr #1
Neighborhood
Getting around Lake Wales near 502 Canal Dr #1
Walking
1/10
You’ll need another mode of transportation for getting around. Scooter, anyone?
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 502 Canal Dr #1, Lake Wales
Groceries
1/10
Few or no groceries within a short drive
Shopping
1/10
Few or no shops within a short drive
Cafes
2/10
Few or no cafés within a short drive
Restaurants
2/10
Some restaurants within a short drive
Primary schools
4/10
At least one elementary school within a 20-minute walk
High schools
4/10
At least one high school within a 20-minute walk
Nightlife
2/10
Few or no bars within a short drive
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