Carlton Arms of Winter Haven
7676 Carlton Arms Blvd,
Winter Haven, FL 33884
Studio - 3 Beds | $912 - 1,723
Rental Market Trends in Lake Wales, FL
What is the average rent in Lake Wales, FL?
$1,148/month
Average Rent
747 Sq Ft
Average Apartment Size
-12.1%
Decrease in the Last Year
As of November 2024, the average rent in Lake Wales, FL is $1,148 per month. This is 26% lower than the national average rent of $1,559/month, making renting in Lake Wales more affordable than most cities in the US. When you rent an apartment in Lake Wales, you can expect to pay about $1,111 per month for a studio, $1,148 for a one-bedroom apartment, and around $1,356 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,699 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Lake Wales, FL?
In the past year, rent has decreased by 12.1%, which averages out to $139 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Lake Wales, FL
Last Updated November 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
62%
$700 - $1,000/month
25%
$1,001 - $1,500/month
12%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Lake Wales, FL?
Because the average rent in Lake Wales is $1,148, you’ll want to make about $3,826 per month or $45,912 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Lake Wales, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Lake Wales, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.