Rentometer, Inc. | Data as of 10/22/2025
Lake Wales offers a diverse rental market that balances the charm of a historic Florida city with the convenience of modern living. Prospective renters can choose from a variety of housing options, including well‑maintained apartments and spacious single‑family homes. One‑bedroom apartments generally sit in the $1200s, while two‑bedroom units often reach the $1500‑$1600 range, and larger three‑bedroom apartments can climb into the $2700s. For those seeking a house, one‑bedroom homes are typically priced in the $1000s, two‑bedroom homes hover around the $1600s, three‑bedroom properties often fall in the $1900s, and larger four‑plus‑bedroom homes are commonly found in the $2200s.
The city’s rental landscape is supported by its attractive amenities and vibrant community life. Residents enjoy easy access to Bok Tower Gardens, a National Historic Landmark renowned for its serene gardens and iconic singing tower. The historic downtown boasts eclectic shops, local eateries, and cultural events that reflect the city’s rich heritage. Outdoor enthusiasts appreciate the nearby Lake Wales Ridge State Forest, offering trails and wildlife viewing opportunities that enhance the appeal of suburban living.
Lake Wales rentals benefit from the city’s strategic location in Central Florida, providing a short commute to major highways and neighboring attractions such as Walt Disney World and the Florida Turnpike. The blend of affordable housing options, scenic surroundings, and a welcoming community makes Lake Wales a compelling choice for renters seeking both comfort and convenience in the Sunshine State.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,223 | $1,045 | $1,000 - $1,749 | $1,000 - $1,500 |
| Apartment | 2 Bedroom | $1,550 | $1,416 | $1,020 - $2,305 | $1,094 - $2,285 |
| Apartment | 3 Bedroom | $2,708 | $2,920 | $2,160 - $3,045 | $2,160 - $3,045 |
| House | 1 Bedroom | $993 | $975 | $925 - $1,100 | $950 - $1,100 |
| House | 2 Bedroom | $1,606 | $1,795 | $700 - $2,400 | $1,050 - $1,900 |
| House | 3 Bedroom | $1,899 | $1,847 | $1,375 - $3,200 | $1,750 - $2,000 |
| House | 4+ Bedroom | $2,223 | $2,200 | $1,849 - $2,500 | $2,195 - $2,300 |
In the current period, the average rent in Lake Wales was
$1,131 for 1 Bedroom,
$1,576 for 2 Bedroom,
$1,989 for 3 Bedroom, and
$2,169 for 4+ Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.