Average Rent in Lake Wales, FL

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Current Versus Historical Lake Wales, FL Rents

Lake Wales rentals average $600 for a 1-bedroom rental to $2,100 for a 4-bedroom rental. The median price of all currently available listings is $1,963, or roughly $14 per square feet.

For the apartment units and housing in June 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $188 (-15.22%) year-over-year from $1,238 to $1,050. 1-bedroom rentals prices have decreased by $208 (-25.77%) year-over-year from $808 to $600. 2-bedroom rentals prices have decreased by $30 (-3.24%) year-over-year from $925 to $895. 3-bedroom rentals prices have increased by $34 (1.87%) year-over-year from $1,816 to $1,850. 4-bedroom rentals prices have decreased by $55 (-2.55%) year-over-year from $2,155 to $2,100. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 0.00% this month. 2-bedroom rents have gone down by 15.90% this month. 3-bedroom rents have gone down by 6.09% this month. 4-bedroom rents have gone down by 1.95% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$16.94	$600	$808 (-25.77%)	$950 (-36.84%)
2 BR	$15.77	$895	$925 (-3.24%)	$1,148 (-22.06%)
3 BR	$14.96	$1,850	$1,816 (1.87%)	$1,781 (3.88%)
4+ BR	$13.14	$2,100	$2,155 (-2.55%)	$2,340 (-10.26%)

Historical Rents in Lake Wales, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Lake Wales

There are a total of 3 cities nearby Lake Wales. The average rent in Lake Wales is currently $1,890 per month. A total of 2 cities nearby have an average rent lower than that. Our records show that Winter Haven, FL, with an average rent of $1,850, is the most affordable city nearby. In contrast, the most expensive city near Lake Wales, FL is Haines City, FL. Monthly rents here are on average $2,100 per month.

Let's compare Lake Wales, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 75.00% more affordable. Two bedrooms in Lake Wales, FL are about 65.41% more affordable. Finally, rent for three bedrooms are about 1.89% more affordable. Want more information? Check out the top 3 cities near Lake Wales, FL in the following table.

City	Studio	1 Bed	2 Bed	All
Winter Haven, FL	$401	$1,190	$1,385	$1,850
Poinciana, FL	$850	$700	$1,650	$1,890
Haines City, FL	$950	$1,050	$1,700	$2,100

Top Neighborhoods Near Lake Wales

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Lake Wales

There are a total of 2 counties located by Lake Wales, FL. Some of these counties include Winter Haven-Auburndale, FL and Lake Wales, FL. The average rent for rentals in these counties is $1,850. That's roughly around $15 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Winter Haven-Auburndale, FL. Its average rent per month is $1,800. Vice versa, with an average rent of $1,900, Lake Wales, FL is the most expensive county by Lake Wales, FL.

In comparison, rent for one bedroom listings in Lake Wales, FL is 71.88% more affordable than other counties nearby. Finally, rent for two bedrooms in Lake Wales, FL is 32.08% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Winter Haven-Auburndale, FL	$640	$1,190	$1,435	$1,800
Lake Wales, FL	$825	$873	$1,200	$1,900

Top Zipcodes Near Lake Wales

There are a total of 3 zipcodes in or near Lake Wales, FL. The average rent for all of these zipcodes is $1,725. A total of 2 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33880, Eagle Lake, FL at $1,625 per month. In comparison, the zipcode with the most expensive average rent of $2,100 per month is 33844, Haines City, FL.

Studios in these zipcodes have an average rent of $401. That's at least $10 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Lake Wales, FL is $1,148 per month. Or in other words, $22 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,398 per month. Which comes out to $17 per sqft. The following table includes the top 3 zipcodes in Lake Wales, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
33844, Haines City, FL	$823	$1,025	$1,498	$2,100
33881, Winter Haven, FL	N/A	$1,148	$1,398	$1,725
33880, Eagle Lake, FL	$401	$1,175	$1,375	$1,625

Frequently Asked Questions - Lake Wales Average Rents

What is the average rent price in Lake Wales, FL?

The average monthly rental price for Lake Wales, FL apartments for rent is approximately $1,963. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Lake Wales, FL rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Lake Wales, FL.

How much is a one bedroom apartment in Lake Wales, FL?

The average monthly rental price for one bedroom apartments is $600 and an average price per square feet of $16.94. There are a total of 4 one bedroom apartment listings currently available for rent in Lake Wales.

How much is a two bedroom apartment in Lake Wales, FL?

The average monthly rental price for two bedroom apartments is $998 and an average price per square feet of $15.77. There are a total of 6 two bedroom apartment listings currently available for rent in Lake Wales.

How have rent prices in Lake Wales, FL changed this year?

Rent prices for rentals in Lake Wales, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.15%, one bedroom rental prices have changed by -0.26%, two bedroom rental prices have changed by -0.03%, three bedroom rental prices have changed by 0.02% year-over-year.

What is a reasonable rent price in Lake Wales, FL?

A reasonable rent price in Lake Wales, FL is around $1,570/month. You can search for these reasonably priced rental listings on RentHop.