Lakeland, FL Rental Market Trends
Last updated: February 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Lakeland is $1,507, a 2.15% decrease compared to the previous year, when the average rent was $1,540.
Studio Apartments at $1,036 offer the most budget-friendly option with 429 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 722 square feet for $1,343, balancing privacy and affordability.
Two-beedroom units at $1,574 offer 1,099 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,306 sq ft) for $1,788, suitable for larger households.
Average rent in Lakeland, FL
Last updated: February 24, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,507 | 978 sq. ft. |
| Studio | $1,036 | 429 sq. ft. |
| 1 Bed | $1,343 | 722 sq. ft. |
| 2 Beds | $1,574 | 1,099 sq. ft. |
| 3 Beds | $1,788 | 1,306 sq. ft. |
Lakeland, FL rent trends
Rental prices in Lakeland, FL have decreased by 2.15% over the past year. The average rent moved from $1,540 to $1,507.
What's the typical rent budget in Lakeland, FL?
The largest share of rentals in Lakeland, FL (49%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Lakeland, FL?
20,356 or 44% of the households in Lakeland, FL are renter-occupied while 25,983 or 56% are owner-occupied.
Most affordable neighborhoods in Lakeland?
Webster Park North $1,143/month
Little Lake Bonny $1,188/month
Raintree $1,446/month
All of these neighborhoods fall below the city wide average of $1,507/month.Most expensive neighborhoods in Lakeland?
Lake Parker $1,557/month
Lakeside Village $1,618/month
Downtown Lakeland $1,893/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Lakeland, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Lakeland | $1,893 |
| Lakeside Village | $1,618 |
| Lake Parker | $1,557 |
| Lake Gibson | $1,534 |
| Lake Somerset | $1,526 |
| Meadow View Lake | $1,510 |
| Parker Street | $1,507 |
| Edgewood | $1,479 |
| Robson | $1,470 |
| Raintree | $1,446 |
| Little Lake Bonny | $1,188 |
| Webster Park North | $1,143 |
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Lakeland | Rent Comparison by Neighborhood
Rent in Downtown Lakeland is 28% higher than in Edgewood
$1,893
Downtown Lakeland rent is 26% higher than Lakeland average
Average Rent
$1,893
$1,479
Edgewood rent is 2% lower than Lakeland average
Average Rent
$1,479
How Lakeland Compares to Other Cities
| City | Average Rent |
|---|---|
| Lakeland | $1,507 |
| Jacksonville | $1,489 |
| Cape Coral | $1,691 |
| Kissimmee | $1,813 |
| Tampa | $1,997 |
| Miami | $2,710 |
| Fort Myers | $1,741 |
| North Port | $1,715 |
| Orlando | $1,793 |
| Port St. Lucie | $2,146 |
| St. Petersburg | $2,007 |
| Winter Haven | $1,529 |
| Davenport | $1,775 |
| Clermont, FL | $1,747 |
| Haines City, FL | $1,406 |
| Temple Terrace, FL | $1,637 |
| Auburndale, FL | $2,007 |
| Bartow, FL | $1,675 |
| Dade City, FL | $936 |
| Zephyrhills, FL | $1,621 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Lakeland apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.