Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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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
As of June 2026, Lake Wales's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Lake Wales's average rent is 47.9% ($1,006) lower than the Florida average of $2,100 and 39.1% ($703) lower than the U.S. average of $1,797.
Average Rent
$1,094
Monthly ChangeMonth Over Month Change
1.6% ($18)
Yearly ChangeYear Over Year Change
8% ($95)
Avg. Days on MarketAverage Days on Market
27
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,074 | 0.8% ($9) | 6.7% ($67) |
| 2 Beds | $1,327 | 9.7% ($117) | 8.1% ($100) |
| 3 Beds | $1,891 | 7% ($123) | 19.4% ($307) |
| Nearby Cities | Average Rent | Avg. Rent vs. Lake WalesAverage Rent vs. Lake Wales | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Dundee | $1,366 | 24.9% ($272) | 28 days |
| Winter Haven | $1,532 | 40% ($438) | 27 days |
| Haines City | $1,587 | 45.1% ($493) | 31 days |
| Frostproof | $1,366 | 24.9% ($272) | 26 days |
| Eagle Lake | $1,608 | 47% ($514) | 32 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Lake Wales Rental Market FAQs
Explore rental prices, market trends, and availability in Lake Wales, FL.
The average rent in Lake Wales, FL is $1,094 per month.
Homes in Lake Wales typically rent for between $752 and $2,458 per month, with an average of $1,094 per month.
In Lake Wales, the average rent for a 1-bedroom home is $1,074 per month, for a 2-bedroom home, $1,327 per month, and a 3-bedroom home is $1,891 per month.
The average rent in Lake Wales is 39.1% ($703) lower than the national average of $1,797 per month.
The average rent in Lake Wales has decreased by 1.6% ($18) in the last month and decreased by 8.0% ($95) over the past year.
The rental market in Lake Wales, FL, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Lake Wales, FL, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 37 rental properties available in Lake Wales, FL.
Based on the current averages, a household would need an annual income of $53,080 to comfortably afford a 2-bedroom home in Lake Wales.
