Average Rent in Lake Wales, FL

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Current Versus Historical Lake Wales, FL Rents

Lake Wales rentals average $1,100 for a 1-bedroom rental to $1,948 for a 4-bedroom rental. The median price of all currently available listings is $1,685, or roughly $1 per square feet.

For the apartment units and housing in November 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $2,129 (155.32%) year-over-year from $1,371 to $3,500. 1-bedroom rentals prices have decreased by $550 (-46.81%) year-over-year from $1,175 to $625. 2-bedroom rentals prices have increased by $193 (16.71%) year-over-year from $1,157 to $1,350. 3-bedroom rentals prices have increased by $25 (1.27%) year-over-year from $1,975 to $2,000. 4-bedroom rentals prices have decreased by $394 (-16.35%) year-over-year from $2,408 to $2,015. 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 9.64% this month. 2-bedroom rents have gone up by 16.73% this month. 3-bedroom rents have gone up by 4.80% this month. 4-bedroom rents have gone up by 3.14% this month.

Beds	Price / Sqft	Nov 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$2.18	$625	$1,175 (-46.81%)	$513 (21.95%)
2 BR	$1.30	$1,350	$1,157 (16.71%)	$1,184 (14.00%)
3 BR	$1.25	$2,000	$1,975 (1.27%)	$1,788 (11.84%)
4+ BR	$1.04	$2,015	$2,408 (-16.35%)	$1,920 (4.92%)

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 $2,025 per month. Our records show that Winter Haven, FL, with an average rent of $1,950, 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 7.95% more affordable. Two bedrooms in Lake Wales, FL are about 10.19% more affordable. Finally, rent for three bedrooms are about 6.76% 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	$1,175	$1,375	$1,950
Haines City, FL	N/A	$1,200	$1,600	$2,100

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 $1,923. 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 $1,850. Vice versa, with an average rent of $1,995, Lake Wales, FL is the most expensive county by Lake Wales, FL.

In comparison, rent for one bedroom listings in Lake Wales, FL is 2.27% more expensive than other counties nearby. Finally, rent for two bedrooms in Lake Wales, FL is 5.56% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Winter Haven-Auburndale, FL	N/A	$1,050	$1,350	$1,850
Lake Wales, FL	N/A	$1,100	$1,500	$1,995

Top Zipcodes Near Lake Wales

You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All

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 $1,685. 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 $1,100 and an average price per square feet of $2.18. There are a total of 3 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 $1,350 and an average price per square feet of $1.30. There are a total of 4 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 1.55%, one bedroom rental prices have changed by -0.47%, two bedroom rental prices have changed by 0.17%, and three bedroom rental prices have changed by 0.01% year-over-year.

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

A reasonable rent price in Lake Wales, FL is around $1,348/month. You can search for these reasonably priced rental listings on RentHop.