Average Rent in Lake Wales, FL

Current Versus Historical Lake Wales, FL Rents

Lake Wales rentals average $1,250 for a 1-bedroom rental to $2,000 for a 4-bedroom rental. The median price of all currently available listings is $1,790, or roughly $1 per square feet.

For the apartment units and housing in September 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $2,100 (150.00%) year-over-year from $1,400 to $3,500. 1-bedroom rentals prices have decreased by $188 (-18.14%) year-over-year from $1,038 to $850. 2-bedroom rentals prices have decreased by $183 (-13.75%) year-over-year from $1,333 to $1,150. 3-bedroom rentals prices have decreased by $38 (-1.97%) year-over-year from $1,900 to $1,863. 4-bedroom rentals prices have decreased by $225 (-10.11%) year-over-year from $2,225 to $2,000. 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 1.73% this month. 2-bedroom rents have gone down by 10.27% this month. 3-bedroom rents have gone down by 5.50% this month. 4-bedroom rents have gone down by 3.12% this month.

Beds	Price / Sqft	Sep 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.48	$850	$1,038 (-18.14%)	$532 (59.87%)
2 BR	$1.41	$1,150	$1,333 (-13.75%)	$900 (27.78%)
3 BR	$1.24	$1,863	$1,900 (-1.97%)	$1,327 (40.39%)
4+ BR	$1.08	$2,000	$2,225 (-10.11%)	$1,855 (7.85%)

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 2 cities nearby Lake Wales. The average rent in Lake Wales is currently $2,143 per month. Our records show that Winter Haven, FL, with an average rent of $1,995, 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 $2,290 per month.

Let's compare Lake Wales, FL's rent against other top cities nearby by bedroom size. One bedrooms are about 53.40% more expensive. Two bedrooms in Lake Wales, FL are about 39.13% more expensive. Finally, rent for three bedrooms are about 17.50% more affordable. Want more information? Check out the top 2 cities near Lake Wales, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Winter Haven, FL	N/A	$1,165	$1,400	$1,995
Haines City, FL	N/A	N/A	N/A	$2,290

Top Neighborhoods Near Lake Wales

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Lake Wales

The average rent for rentals in these counties is $1,900. That's roughly around $1 per sqft. The county that is the most affordable is Winter Haven-Auburndale, FL. It's average rent per month is $1,900. 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 4.40% more expensive than other counties nearby. Finally, rent for two bedrooms in Lake Wales, FL is 26.09% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Lake Wales, FL	N/A	$1,250	$1,500	$1,900
Winter Haven-Auburndale, FL	N/A	$1,140	$1,400	$1,900

Top Zipcodes Near Lake Wales

There are a total of 5 zipcodes in or near Lake Wales, FL. The average rent for all of these zipcodes is $1,995.

The following chart includes the top 5 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
34759, Poinciana, FL	N/A	$1,250	$1,700	$1,820
33881, Winter Haven, FL	N/A	$1,100	$1,450	$1,995
33844, Haines City, FL	N/A	$1,000	$1,575	$2,100
33884, Winter Haven-Auburndale, FL	N/A	N/A	$1,563	$2,000
33880, Eagle Lake, FL	N/A	$1,155	$1,350	$1,800

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 $1,790. 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 studio apartment in Lake Wales, FL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 0 studio apartment listings currently available for rent in Lake Wales.

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

The average monthly rental price for one bedroom apartments is $1,250 and an average price per square feet of $2.48. There are a total of 2 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 $1,150 and an average price per square feet of $1.41. There are a total of 2 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 1.50%, one bedroom rental prices have changed by -0.18%, two bedroom rental prices have changed by -0.14%, and 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 $1,432/month. You can search for these reasonably priced rental listings on RentHop.