Lake Wales

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Lake Wales, FL Area Guide

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 2026, the average apartment rent in Lake Wales, FL is $1,218 for a studio, $1,205 for one bedroom, $1,487 for two bedrooms, and $1,783 for three bedrooms. Apartment rent in Lake Wales has decreased by -12.3% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,205/month
742 Sq Ft
House
$1,863/month
1,580 Sq Ft
See Rental Market Trends in Lake Wales, FL

Getting Around

Explore how walkable, bikeable, drivable, and transit-friendly Lake Wales, FL is for everyday living.

Car-Dependent

25 / 100

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

Somewhat Bikeable

39 / 100

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

Hillcrest Elementary School

Public

Grades PK-5

Janie Howard Wilson School

Public

Grades PK-5

Polk Avenue Elementary School

Public

Grades PK-5

Spook Hill Elementary School

Public

Grades PK-5

Victory Ridge Academy

Public

Grades PK-12

Bok Academy

Public

Grades 6-8

EDWARD W BOK ACADEMY NORTH

Public

Grades 6-8

Roosevelt Academy

Public

Grades 6-12

Victory Ridge Academy

Public

Grades PK-12

Lake Wales Senior High School

Public

Grades PK & 9-12

Roosevelt Academy

Public

Grades 6-12

Victory Ridge Academy

Public

Grades PK-12

Points of Interest

Top Apartments in Lake Wales

Houses for Rent in Lake Wales

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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 2026.