Last updated on June 7, 2026

Average rent in
Lake Wales, FL

Key takeaways for renters

  • Where Lake Wales rent stands today

    Lake Wales, FL rent rose 2.2% year over year, with a current median of $1,380/month. Renters are paying $104 more per month on average than last year, extending a recent upward trend with a 5.6% increase month over month.

  • Lake Wales sits 29.2% more affordable than the $1,950/month national median, offering a lower-cost option for renters in Florida with 99 total rentals available.

  • Rent ranges by bedroom

    Studios in Lake Wales rent for $995/month, 1-bedrooms for $875/month, 2-bedrooms for $1,225/month, 3-bedrooms for $1,792/month, and 4+ bedrooms for $2,065/month. This range reflects the variety of unit sizes available to renters.

Median rent

Median rent in Lake Wales

$1,380/mo

increased by2%

vs previous year

The average rent in Lake Wales is $1,380 per month as of June 2026. This is 29% below the national average rent, or $570 less per month.

$1.28

average price per square foot

Total rentals

Available rentals in Lake Wales

99

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Lake Wales rentals at each price point

50%38%25%13%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Lake Wales, FL

Average rent prices in Lake Wales have increased by 6% over the last month and have increased by 2% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Lake Wales, FL

Rent prices in Lake Wales vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Lake Wales is $1,282, whereas a house costs $1,850. 1-bedroom apartments in Lake Wales run $1,035 on average, while 2-bedroom apartments are $1,350.

Listings

Studio

$995

No Change

3%

1 bedroom

$875

8%

18%

2 bedroom

$1,225

2%

15%

3 bedroom

$1,792

2%

3%

4 bedroom

$2,065

No Change

11%

Studio

Average rent

$995

Last 30 days

No Change

Last year

3%

1 bedroom

Average rent

$875

Last 30 days

8%

Last year

18%

2 bedroom

Average rent

$1,225

Last 30 days

2%

Last year

15%

3 bedroom

Average rent

$1,792

Last 30 days

2%

Last year

3%

4 bedroom

Average rent

$2,065

Last 30 days

No Change

Last year

11%

The table above reflects average rent prices in Lake Wales, FL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Lake Wales, FL compare to other cities?

Compare median rent prices in Lake Wales and Auburndale by all bedroom counts and property types.

Lake Wales

Median rent price$1,380
decreased by29%

lower than the national median

Median rent price$1,800
decreased by8%

lower than the national median

Takeaway

The median rent for all rentals in Lake Wales, FL is 23% lower than the median rent in Auburndale, FL.

Discover rentals in Lake Wales, FL

236 Washington Avenue - Photo 1 of 1

2d ago

8.4

Very good

236 Washington Avenue

236 Washington Ave, Lake Wales, FL 33853

2 beds

1 bath

$600

Apartment for rent

238 C St - Photo 1 of 1

5d+ ago

Apartment for rent in Lake Wales

236 Washington Avenue - 238 C Street

238 C St, Lake Wales, FL 33853

2 beds

1 bath

$600

Apartment for rent

Available Jun 15

115 Washington Ave - Photo 1 of 1

5d+ ago

House for rent in Lake Wales

Single Family Residence - LAKE WALES, FL

115 Washington Ave, Lake Wales, FL 33853

2 beds

1 bath

$600

House for rent

238 C St - Photo 1 of 1

5d+ ago

House for rent in Lake Wales

Single Family Residence - LAKE WALES, FL

238 C St, Lake Wales, FL 33853

2 beds

1 bath

$700

House for rent

Stay up to date with rental market insights

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Frequently asked questions for Lake Wales, FL

Quick answers to common questions about the Lake Wales rental market.

How much is rent in Lake Wales?

The average rent in Lake Wales is $1,380 per month as of June 6, 2026.

Is rent up or down in Lake Wales?

Average rent prices in Lake Wales have increased by 6% over the last month and have increased by 2% since last year.

How does Lake Wales rent compare to the national average?

Rent in Lake Wales is 29% below the national average, which means renters are paying approximately $570 less per month.

Which neighborhoods are most affordable in Lake Wales?

The most affordable neighborhoods in Lake Wales are Downtown Lake Wales ($1,400/mo), Country Club Village ($1,400/mo), and Ridge Manor ($1,500/mo).

What salary do I need to afford rent in Lake Wales?

To comfortably afford rent in Lake Wales, you'd need to earn approximately $55,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Lake Wales?

Lake Wales rental prices in 2025 show one-bedroom apartments averaging around $820 per month, while two-bedroom units rent for around $1,200 monthly. These figures reflect the current market conditions following recent price adjustments across most apartment categories in the area.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Auburndale