Lake Wales

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Lake Wales, FL

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Timeless charm and natural beauty in the heart of Central Florida

Rural Lake Nature Outdoors Agriculture Affordable

Lake Wales is a small city in the center of the Florida peninsula, positioned about thirty miles east of Lakeland and fifty miles south of Orlando. The community is perhaps best known for the historic Bok Tower Gardens, a lush public botanical garden surrounding a beautiful 1920s mansion and anchored by the ethereal Singing Tower.

Highway 27 serves as the main commercial corridor through Lake Wales, with several small shopping centers clustered along this route including the popular Eagle Ridge Mall near the north side of town. Rental rates in town tend to be quite affordable, with a diverse selection of apartments, condos, and single-family homes available throughout the city and in the surrounding area.

Rent Trends

As of March 2025, the average apartment rent in Lake Wales, FL is $1,175 for a studio, $1,338 for one bedroom, $1,566 for two bedrooms, and $1,866 for three bedrooms. Apartment rent in Lake Wales has increased by 19.8% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,338/month
747 Sq Ft
House
$1,872/month
1,533 Sq Ft
See Rental Market Trends in Lake Wales, FL

Transportation

25

Car-Dependent

out of 100 WalkScore® Rating

This area is considered a car-dependent area and most errands will require a car.

39

Somewhat Bikeable

out of 100 BikeScore® Rating

You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.

Schools

Spook Hill Elementary School

Public

Grades PK-5

584 Students

4
out of 10

Mclaughlin Middle School And Fine Arts Academy

Public

Grades 6-10

542 Students

2
out of 10

Roosevelt Academy

Public

Grades 6-12

283 Students

2
out of 10

Mclaughlin Middle School And Fine Arts Academy

Public

Grades 6-10

542 Students

2
out of 10

Roosevelt Academy

Public

Grades 6-12

283 Students

2
out of 10

Points of Interest

Top Apartments in Lake Wales

Houses for Rent in Lake Wales

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.