1-Bedroom Apartment Rent in Lake Wales, FL
Median asking rent for a 1-bedroom apartment in Lake Wales, Florida as of July 2026. That's +40% lower than the citywide median of $1,586 and +32% below the national 1-bedroom median of $1,400.
Income needed for a 1-bedroom in Lake Wales
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 1-bedroom at the current median rent.
Rent by apartment size in Lake Wales
Compare Lake Wales's median rent across every apartment size.
Cheapest cities for a 1-bedroom in Florida
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Palatka | $790 |
| 2 | Bunnell | $792 |
| 3 | Lake City | $850 |
| 4 | Hernando | $870 |
| 5 | Crystal River | $875 |
| 6 | Hialeah Gardens | $905 |
| 7 | Auburndale | $920 |
| 8 | Bartow | $920 |
| 9 | Lake Alfred | $920 |
| 10 | Belleview | $940 |
| 11 | Homosassa | $945 |
| 12 | Lake Wales (this page) | $955 |
| 13 | Inverness | $975 |
| 14 | Ocklawaha | $980 |
| 15 | Sebring | $980 |
Most expensive cities for a 1-bedroom in Florida
| # | City | 1-Bedroom rent |
|---|---|---|
| 1 | Atlantic Beach | $3,405 |
| 2 | Key Biscayne | $2,840 |
| 3 | Weston | $2,777 |
| 4 | Doral | $2,720 |
| 5 | Loxahatchee | $2,660 |
| 6 | Aventura | $2,660 |
| 7 | Parkland | $2,580 |
| 8 | Lithia | $2,530 |
| 9 | Windermere | $2,490 |
| 10 | Coral Gables | $2,480 |
| 11 | Miami Beach | $2,447 |
| 12 | Pembroke Pines | $2,423 |
| 13 | The Hammocks | $2,410 |
| 14 | Bal Harbour | $2,370 |
| 15 | The Crossings | $2,340 |
Nearby cities — 1-bedroom rent
Considering nearby alternatives? 2 of these cities have cheaper 1-bedroom rents than Lake Wales.
| City | Distance | 1-Bedroom rent | vs Lake Wales |
|---|---|---|---|
| Haines City, FL | 16.9 mi | $1,030 | +$75 (+8%) |
| Winter Haven, FL | 19.1 mi | $1,073 | +$118 (+12%) |
| Bartow, FL | 23 mi | $920 | $-35 (-4%) |
| Lake Alfred, FL | 24.7 mi | $920 | $-35 (-4%) |
| Davenport, FL | 27.6 mi | $1,633 | +$678 (+71%) |
| Sebring, FL | 28.8 mi | $980 | +$25 (+3%) |
| Kissimmee, FL | 30.7 mi | $1,743 | +$788 (+83%) |
| Saint Cloud, FL | 31.2 mi | $1,885 | +$930 (+97%) |
| Lakeland, FL | 35.1 mi | $1,171 | +$216 (+23%) |
| Mulberry, FL | 38.4 mi | $1,030 | +$75 (+8%) |
| Doctor Phillips, FL | 40.2 mi | $1,980 | +$1,025 (+107%) |
| Winter Garden, FL | 43.5 mi | $1,990 | +$1,035 (+108%) |
1-Bedroom rent in Lake Wales — common questions
How much is a 1-bedroom apartment in Lake Wales?
As of July 2026, the median 1-bedroom apartment rent in Lake Wales, Florida is $955 per month. This is +40% below the citywide median of $1,586.
What income do you need to afford a 1-bedroom in Lake Wales?
Using the standard 30% rent-to-income rule, you would need an annual income of about $38,200 ($3,183/month gross), which works out to roughly $18.37/hour at a full-time job.
Is Lake Wales expensive for a 1-bedroom compared to the rest of the US?
Lake Wales's 1-bedroom median of $955 is +32% below the national 1-bedroom median of $1,400. It ranks in the 17th percentile of US cities tracked.
How does Lake Wales rank for 1-bedroom rent in Florida?
Among the 270 cities in Florida with 1-bedroom data, Lake Wales ranks #12 from cheapest to most expensive.
Are there cheaper 1-bedroom options near Lake Wales?
Yes — nearby cities with cheaper 1-bedroom rents include Bartow ($920), Lake Alfred ($920).