Rental market snapshot for Lake Wales, Florida

Lake Wales, Florida Rental Property Market Overview

Lake Wales, Florida is a city located in Polk County with a population of 16,684 as of 2021, according to the US Census. The city is situated in Central Florida, just south of the Lake Wales Ridge, and is known for its historic downtown area, which features a variety of shops, restaurants, and attractions. The city is also home to several parks, lakes, and trails, making it a great destination for outdoor recreation. With its small-town charm and abundance of natural beauty, Lake Wales is a great place to call home.

The average rent for an apartment in Lake Wales is $1,744. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 2.3% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Lake Wales Florida | Cost of Living

  • The most expensive ZIP Code in Lake Wales is 33853 with an average price of $1,930
  • The cheapest ZIP Code in Lake Wales is 33853 with an average price of $1,350

Lake Wales ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
133853$1,930

Live near Lake Wales, Florida's Top Sights and Attractions

Crystal Lake Park is a beautiful outdoor destination located in Central Florida. It features a large lake surrounded by lush greenery, perfect for a peaceful stroll or a picnic. The park also offers a variety of recreational activities, including fishing, canoeing, kayaking, and paddle boating. Visitors can also enjoy a playground, a splash pad, and a disc golf course. The park is also home to a variety of wildlife, including birds, turtles, and alligators.

Iwanis Park is a beautiful outdoor recreation area located in Central Florida. It features a large lake, lush green grass, and plenty of trees for shade. The park also has a playground, picnic tables, and a walking trail. There are also several benches and gazebos for visitors to relax and enjoy the scenery. The park is a great place to spend a day with family and friends, or just to take a peaceful stroll.

Lake Wales Trailways is a scenic nature trail that winds through the lush, rolling hills of Central Florida. The trail is made up of a series of interconnected pathways, each offering a unique experience. Visitors can explore the area on foot, bike, or horseback, taking in the sights of the area's diverse flora and fauna. Along the way, visitors can also take in the area's historic sites, such as the Bok Tower Gardens and the Lake Wales Museum. The trail is a great way to explore the natural beauty of Central Florida, while also learning about its history and culture.

Caldwell Temple Building is a historic landmark located in Lake Wales, Florida. It is a two-story, Mediterranean Revival style building constructed in 1924. The building features a red tile roof, stucco walls, and arched windows and doorways. Inside, visitors can explore the building's many rooms, including a chapel, a library, and a museum. The building also houses a variety of artifacts, including a replica of the Liberty Bell and a collection of historic photographs. Visitors can also take a guided tour of the building to learn more about its history and significance.

Bok Tower Gardens is a 250-acre National Historic Landmark that features a 205-foot neo-Gothic and art deco style Singing Tower, lush gardens, and a wildlife sanctuary. The gardens feature a variety of native and exotic plants, including camellias, azaleas, and magnolias, as well as a 50-acre pine ridge sanctuary. The Singing Tower is home to a 60-bell carillon, which plays concerts daily. Visitors can also explore the Pinewood Estate, a 20-room Mediterranean-style mansion, and take a guided tour of the gardens.

The Rhodesbilt Arcade is a family-friendly attraction located in a historic building in Central Florida. It features a variety of classic and modern arcade games, as well as a snack bar and a gift shop. Visitors can enjoy a variety of classic and modern video games, pinball machines, and redemption games. The arcade also offers a variety of prizes for those who win tickets from the games. The building itself is a historic landmark, and visitors can take a tour of the building to learn more about its history.

Washington Park NW is a beautiful park located in Lake Wales, Florida. It features a large lake with a boardwalk and fishing pier, as well as a playground, picnic area, and walking trails. The park also has a variety of wildlife, including ducks, turtles, and other aquatic creatures. Visitors can enjoy the peaceful atmosphere and stunning views of the lake and surrounding area.

Pinewood Estates is a historic attraction located in Central Florida. It is a 20-acre estate that was once the winter home of the famous American industrialist, Edward R. Bradley. The estate includes a large Mediterranean-style mansion, a formal garden, and a citrus grove. Visitors can explore the grounds and take a guided tour of the mansion, which features original furnishings and artifacts from the Bradley family. The estate also offers a variety of educational programs and activities, such as art classes, lectures, and workshops.

The Lake Wales Museum & Cultural Center is a unique attraction that celebrates the history and culture of the area. It features a variety of exhibits, including a replica of a historic downtown street, a collection of artifacts from the area's Native American tribes, and a variety of interactive displays. The museum also hosts educational programs, special events, and workshops. Visitors can explore the museum's grounds and take in the beautiful views of the surrounding area.

Lake Wailes Park is a beautiful outdoor destination located in Central Florida. It features a large lake surrounded by lush greenery, providing visitors with a tranquil and peaceful atmosphere. The park is home to a variety of wildlife, including birds, turtles, and fish. There are plenty of activities to enjoy, such as fishing, boating, kayaking, and bird watching. The park also offers picnic areas, playgrounds, and walking trails. With its stunning views and abundance of activities, Lake Wailes Park is a great place to spend a day outdoors.

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Lake Wales, Florida area median rent change by ZIP Code map

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How does Lake Wales compare to other cities in Florida ?

citymedian price
Hollywood$2,900
St Augustine$2,465
Niceville$2,200
Rockledge$2,212
St. Petersburg$1,995
De Leon Springs$1,490
Lecanto$1,825
Panama City$1,800
Pt Richey$1,595

Average household income in Lake Wales area graph - US Census

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The median household income in Lake Wales in 2021 was $48,145. This represents a 33.6% change from 2011 when the median was $36,049.

#categorypercent
0Less than $10,0009.0%
1$10,000 to $14,9999.2%
2$15,000 to $19,9994.9%
3$20,000 to $24,9993.2%
4$25,000 to $29,9994.1%
5$30,000 to $34,9995.6%
6$35,000 to $39,9994.5%
7$40,000 to $44,9996.3%
8$45,000 to $49,9995.4%
9$50,000 to $59,9998.7%
10$60,000 to $74,99911.0%
11$75,000 to $99,99913.3%
12$100,000 to $124,9997.5%
13$125,000 to $149,9992.4%
14$150,000 to $199,9993.3%
15$200,000 or more1.6%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

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