Alera at Hunters Glen
3005 Willow Glen Cir,
Lake Wales, FL 33859
1-3 Beds | $1,299 - $2,240
Rental Market Trends in Lake Wales, FL
Updated July 2026
The average rent in Lake Wales, FL is $1,209/month.
Rent in Lake Wales is 27% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,209/month
Average Rent
742 Sq Ft
Average Size
-13.3%
Change / Year
298
Available Apartments
Lake Wales rent varies by unit size and layout:
- Studio apartments in Lake Wales average $1,049 per month.
- One-bedroom apartments in Lake Wales average $1,209 per month.
- Two-bedroom apartments in Lake Wales average $1,482 per month.
- Three-bedroom apartments in Lake Wales average $1,771 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lake Wales, FL?
In the past year, rent has decreased by 13.3%, which averages out to $161 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Lake Wales, FL
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
33%
$700 - $1,000/month
44%
$1,001 - $1,500/month
22%
$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 $1,209, you’ll want to make about $4,030 per month or $48,360 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.
View the Lake Wales Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Lake Wales We Think You'll Love
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Frequently Asked Questions
What is the average rent in Lake Wales?
The average rent in Lake Wales is $1,209 per month, which is 27.3% lower than the national average of $1,663.
What is the average rent for a house in Lake Wales?
The average rent for a house in Lake Wales, FL is $1,836 per month.
Are rents going up or down in Lake Wales?
Rents in Lake Wales, FL are decreasing, with prices down 13.3% year-over-year and $161 less per month.
What rent range is most common in Lake Wales?
In Lake Wales, FL, 44% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.