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Rental Market Trends in Lakeland, FL

What is the average rent in Lakeland, FL?

$1,338/month

Average Rent

724 Sq Ft

Average Apartment Size

+0.3%

Increase in the Last Year

As of May 2026, the average rent in Lakeland, FL is $1,338 per month. This is 18% lower than the national average rent of $1,641/month, making renting in Lakeland more affordable than most cities in the US. When you rent an apartment in Lakeland, you can expect to pay about $1,045 per month for a studio, $1,338 for a one-bedroom apartment, and around $1,569 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,843 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,045/month
544 Sq Ft
One Bedroom
$1,338/month
724 Sq Ft
Two Bedroom
$1,569/month
1,084 Sq Ft
Three Bedroom
$1,843/month
1,392 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,397/month
295 Sq Ft
Two Bedroom
$1,476/month
905 Sq Ft
Three Bedroom
$2,042/month
1,437 Sq Ft
Four Bedroom
$2,412/month
2,119 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,276/month
718 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,414/month
979 Sq Ft
Three Bedroom
$1,890/month
1,669 Sq Ft

How much has average rent changed in Lakeland, FL?

In the past year, rent has increased by 0.3%, which averages out to $4 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Lakeland, FL
Last Updated May 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Lakeland, FL
Percentage*
Rent Range
5% Below $700/month
15% $700 - $1,000/month
35% $1,001 - $1,500/month
40% $1,501 - $2,000/month
5% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Lakeland?

Based on current rent prices, City of Lakeland is the most affordable neighborhood in Lakeland.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
City of Lakeland
$1,472/month
726 Sq Ft

What are the most expensive neighborhoods in Lakeland?

Based on current rent prices, City of Lakeland is the most expensive neighborhood in Lakeland.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
City of Lakeland
$1,472/month
726 Sq Ft

Which Lakeland neighborhoods have the most rentals available?

The neighborhood in Lakeland with the most apartments available is City of Lakeland .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
City of Lakeland
$1,472/month
726 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Lakeland, FL?

Because the average rent in Lakeland is $1,338, you’ll want to make about $4,460 per month or $53,520 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.

City

Lakeland, FL

1,498 Available Apartments for Rent

Search for Nearby Apartments

How does Lakeland, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Lakeland, 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.

Explore the Area Guide for Lakeland, FL

Apartment Averages

City of Lakeland

Lakeland, FL

City of Lakeland

Lakeland, FL

Studio
$1,060/month
$1,060/month
One Bedroom
$1,345/month
$1,345/month
Two Bedroom
$1,555/month
$1,555/month
Three Bedroom
$1,834/month
$1,834/month
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Nearby City Rent Trends

  • Auburndale Average Rent
  • Mulberry Average Rent
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Apartment communities in Lakeland we think you'll love

Aberdeen Luxury Apartments

Aberdeen Luxury Apartments

1240 Aberdeen Orchard Way,
Lakeland, FL 33809

$1,485 - $2,355 Total Monthly Price

1-3 Beds | 12 Month Lease

Town Center At Lakeside Village

Town Center At Lakeside Village

1555 Village Center Dr,
Lakeland, FL 33803

$1,428 - $1,981 Total Monthly Price

1-3 Beds

The Shore Luxury Apartment Homes

The Shore Luxury Apartment Homes

5680 Waterside Blvd,
Lakeland, FL 33805

$1,485 - $1,945 Total Monthly Price

1-3 Beds | 12 Month Lease

Prose Lakeside

Prose Lakeside

1320 Caprice Dr,
Lakeland, FL 33811

$1,620 - $3,171 Total Monthly Price

1-3 Beds

Property Management Companies in Lakeland, FL

Greystar
Greystar
  • 3,496

    Communities

  • 961,606

    Units

  • 893

    Cities

3 Communities in Lakeland
BH
BH
  • 273

    Communities

  • 84,137

    Units

  • 157

    Cities

2 Communities in Lakeland
National Property Management Associates, Inc.
National Property Management Associates, Inc.
  • 53

    Communities

  • 8,778

    Units

  • 34

    Cities

2 Communities in Lakeland
Mahaffey Company
Mahaffey Company
  • 13

    Communities

  • 9,661

    Units

  • 11

    Cities

2 Communities in Lakeland
Insula Companies
Insula Companies
  • 11

    Communities

  • 1,588

    Units

  • 6

    Cities

2 Communities in Lakeland
Morgan Properties
Morgan Properties
  • 390

    Communities

  • 108,283

    Units

  • 237

    Cities

1 Community in Lakeland
Cushman & Wakefield
Cushman & Wakefield
  • 451

    Communities

  • 107,334

    Units

  • 225

    Cities

1 Community in Lakeland
RAM Partners
RAM Partners
  • 296

    Communities

  • 78,616

    Units

  • 170

    Cities

1 Community in Lakeland

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United States Florida Lakeland Rental Trends

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.

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.

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Equal Housing Opportunity