2-Bedroom Apartment Rent in Lake Wales, FL
Median asking rent for a 2-bedroom apartment in Lake Wales, Florida as of July 2026. That's +26% lower than the citywide median of $1,586 and +29% below the national 2-bedroom median of $1,655.
Income needed for a 2-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 2-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 2-bedroom in Florida
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Valparaiso | $892 |
| 2 | Polk City | $952 |
| 3 | Bunnell | $999 |
| 4 | Palatka | $1,030 |
| 5 | Hernando | $1,090 |
| 6 | Lake City | $1,110 |
| 7 | Ave Maria | $1,115 |
| 8 | Crystal River | $1,115 |
| 9 | Auburndale | $1,130 |
| 10 | Bartow | $1,130 |
| 11 | Lake Alfred | $1,130 |
| 12 | Belleview | $1,140 |
| 13 | Lake Wales (this page) | $1,170 |
| 14 | Homosassa | $1,190 |
| 15 | Ocklawaha | $1,190 |
Most expensive cities for a 2-bedroom in Florida
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Highland Beach | $3,501 |
| 2 | Key Biscayne | $3,490 |
| 3 | Weston | $3,440 |
| 4 | Doral | $3,340 |
| 5 | Aventura | $3,260 |
| 6 | Parkland | $3,195 |
| 7 | Loxahatchee | $3,180 |
| 8 | Coral Gables | $3,045 |
| 9 | Miami Beach | $3,003 |
| 10 | Pembroke Pines | $3,000 |
| 11 | Lithia | $2,970 |
| 12 | The Hammocks | $2,960 |
| 13 | Bal Harbour | $2,910 |
| 14 | Plantation | $2,893 |
| 15 | The Crossings | $2,870 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 3 of these cities have cheaper 2-bedroom rents than Lake Wales.
| City | Distance | 2-Bedroom rent | vs Lake Wales |
|---|---|---|---|
| Haines City, FL | 16.9 mi | $1,260 | +$90 (+8%) |
| Winter Haven, FL | 19.1 mi | $1,317 | +$147 (+13%) |
| Bartow, FL | 23 mi | $1,130 | $-40 (-3%) |
| Lake Alfred, FL | 24.7 mi | $1,130 | $-40 (-3%) |
| Davenport, FL | 27.6 mi | $1,987 | +$817 (+70%) |
| Sebring, FL | 28.8 mi | $1,275 | +$105 (+9%) |
| Kissimmee, FL | 30.7 mi | $1,975 | +$805 (+69%) |
| Saint Cloud, FL | 31.2 mi | $2,138 | +$968 (+83%) |
| Polk City, FL | 32.1 mi | $952 | $-218 (-19%) |
| Lakeland, FL | 35.1 mi | $1,433 | +$263 (+22%) |
| Mulberry, FL | 38.4 mi | $1,260 | +$90 (+8%) |
| Lake Hart, FL | 39.3 mi | $2,137 | +$967 (+83%) |
2-Bedroom rent in Lake Wales — common questions
How much is a 2-bedroom apartment in Lake Wales?
As of July 2026, the median 2-bedroom apartment rent in Lake Wales, Florida is $1,170 per month. This is +26% below the citywide median of $1,586.
What income do you need to afford a 2-bedroom in Lake Wales?
Using the standard 30% rent-to-income rule, you would need an annual income of about $46,800 ($3,900/month gross), which works out to roughly $22.50/hour at a full-time job.
Is Lake Wales expensive for a 2-bedroom compared to the rest of the US?
Lake Wales's 2-bedroom median of $1,170 is +29% below the national 2-bedroom median of $1,655. It ranks in the 17th percentile of US cities tracked.
How does Lake Wales rank for 2-bedroom rent in Florida?
Among the 282 cities in Florida with 2-bedroom data, Lake Wales ranks #13 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Lake Wales?
Yes — nearby cities with cheaper 2-bedroom rents include Bartow ($1,130), Lake Alfred ($1,130), Polk City ($952).