Apartments for Rent in Lake Wales, FL

Prices and availability in Lake Wales, FL were last updated on 21 May 2026.

The best apartments in Lake Wales, FL are: BDN Investments Condominium Owners Association Inc, 1003 JOYCE ROAD LAKE WALES, FL 33853, 1040 View Pointe Cir Lake Wales, FL 33853 and 935 Oxford Way Lake Wales, FL 33853.

The average rent in Lake Wales, FL is $1,424.

The price range for a 3-bedroom apartment in Lake Wales, FL is between $1,915 and $2,005.

In Lake Wales 41% of the housing is rented out compared to 59% of homes are owned, according to the most recent Census Bureau estimates. 6% of Lake Wales's apartments are found in large buildings of 50 units or more, 67% are located in smaller apartment complexes with less than 50 units, and 26% are single-family rentals.

The average age of rental buildings in Lake Wales is 22 years old, with 69% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Lake Wales come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 35% of the total apartments in the city, while 2-bedroom floorplans represent around 47% of all rentals in Lake Wales. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.