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Apartments for Rent in Lake Wales, FL

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What to Know About

Life in Lake Wales & Beyond

Lake Wales shares many of the great qualities that make Florida a desirable place to live.

Florida is a sunshine-filled state known for its beautiful beaches, warm weather, and world-famous theme parks like Walt Disney World, Universal Studios, and Sea World. From its iconic beaches to vibrant cities, you have a unique blend of outdoor adventure and urban excitement. Explore the state's past by visiting attractions like the Kennedy Space Center, the Museum of Florida History, or the Perez Art Museum Miami. In addition, Florida is home to renowned universities such as the University of Florida and Florida State University, University of Miami.

With hundreds of miles of sandy beaches, crystal-clear springs, and lush everglades, Florida is a paradise for visitors and residents alike. The state is also home to several professional sports teams, including the Miami Dolphins (NFL), Tampa Bay Buccaneers (NFL), Florida Panthers (NHL), Tampa Lighting (NHL), Miami Marlins (MLB), Orlando Magic (NBA), and Miami Heat (NBA). Experience all that Florida has to offer, from its stunning beaches and vibrant atmosphere to its rich traditions and thriving economy.

Discover the magic of living in Florida, where the sun shines bright, the economy thrives, and the quality of life is unparalleled, making it the perfect place to call home.

Rental Market Trends

Lake Wales, FL

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As of November 2026, Lake Wales's rental market is balanced, with rentals spending about 36 days on the market, slower than in Florida (30), and rents down 0.9% over the past year. Lake Wales's average rent is 45.9% ($1,186) lower than the Florida average of $2,584 and 31.3% ($638) lower than the U.S. average of $2,036.

Average Rent
$1,398
Monthly ChangeMonth Over Month Change
Increased0.42% ($6)
Yearly ChangeYear Over Year Change
Decreased0.9% ($13)
Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $933 Increased0.06% ($1) Decreased2.2% ($21)
2 Beds $1,221 Decreased0.50% ($6) Decreased6.0% ($78)
3 Beds $1,767 Decreased0.10% ($2) Increased3.6% ($61)
Nearby Cities Average Rent Avg. Rent vs. Lake WalesAverage Rent vs. Lake Wales Days on Market
Babson Park $1,562 Increased11.7% ($164) 36 days
Dundee $1,603 Increased14.7% ($205) 39 days
Lake Hamilton $1,719 Increased23.0% ($321) 37 days
Winter Haven $1,616 Increased15.6% ($218) 37 days
Indian Lake Estates $1,609 Increased15.1% ($211) 36 days
Based on rentals advertised on RentalSource in and around Lake Wales.
Frequently Asked Questions
Lake Wales Rental Market FAQs

Explore rental prices, market conditions, and affordability in Lake Wales, FL.

The average rent in Lake Wales, FL is about $1,398 per month.
In Lake Wales, the average rent is about $933 per month for a 1-bedroom apartment, about $1,221 for a 2-bedroom apartment and about $1,767 for a 3-bedroom apartment.
The average rent in Lake Wales is 31.3% ($638) lower than the national average of $2,036 per month.
The rental market in Lake Wales, FL is currently balanced, with rentals spending about 36 days on the market, slower than in Florida (30), and rents down 0.9% over the past year.
Based on the current averages, a household would need an annual income of about $48,800 to comfortably afford a 2-bedroom apartment in Lake Wales.
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