3-Bedroom Apartment Rent in Lake Wales, FL
Median asking rent for a 3-bedroom apartment in Lake Wales, Florida as of July 2026. That's +1% lower than the citywide median of $1,586 and +26% below the national 3-bedroom median of $2,130.
Income needed for a 3-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 3-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 3-bedroom in Florida
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Pinewood | $1,249 |
| 2 | Bunnell | $1,270 |
| 3 | Palatka | $1,310 |
| 4 | Lake City | $1,350 |
| 5 | Polk City | $1,363 |
| 6 | Belleview | $1,460 |
| 7 | Auburndale | $1,520 |
| 8 | Bartow | $1,520 |
| 9 | Lake Alfred | $1,520 |
| 10 | Ocklawaha | $1,520 |
| 11 | Hernando | $1,530 |
| 12 | Crawfordville | $1,540 |
| 13 | Valparaiso | $1,547 |
| 14 | Crystal River | $1,555 |
| 15 | Sebring | $1,570 |
Most expensive cities for a 3-bedroom in Florida
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Weston | $4,747 |
| 2 | Key Biscayne | $4,510 |
| 3 | Parkland | $4,410 |
| 4 | Doral | $4,310 |
| 5 | Aventura | $4,210 |
| 6 | Loxahatchee | $4,150 |
| 7 | Pembroke Pines | $4,143 |
| 8 | Plantation | $3,997 |
| 9 | Coral Gables | $3,935 |
| 10 | Miami Beach | $3,880 |
| 11 | The Hammocks | $3,820 |
| 12 | Lithia | $3,800 |
| 13 | Bal Harbour | $3,760 |
| 14 | Sunrise | $3,730 |
| 15 | The Crossings | $3,710 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 4 of these cities have cheaper 3-bedroom rents than Lake Wales.
| City | Distance | 3-Bedroom rent | vs Lake Wales |
|---|---|---|---|
| Haines City, FL | 16.9 mi | $1,690 | +$115 (+7%) |
| Winter Haven, FL | 19.1 mi | $1,770 | +$195 (+12%) |
| Bartow, FL | 23 mi | $1,520 | $-55 (-3%) |
| Lake Alfred, FL | 24.7 mi | $1,520 | $-55 (-3%) |
| Davenport, FL | 27.6 mi | $2,653 | +$1,078 (+68%) |
| Sebring, FL | 28.8 mi | $1,570 | $-5 (0%) |
| Kissimmee, FL | 30.7 mi | $2,510 | +$935 (+59%) |
| Saint Cloud, FL | 31.2 mi | $2,715 | +$1,140 (+72%) |
| Polk City, FL | 32.1 mi | $1,363 | $-212 (-13%) |
| Lakeland, FL | 35.1 mi | $1,928 | +$353 (+22%) |
| Mulberry, FL | 38.4 mi | $1,690 | +$115 (+7%) |
| Doctor Phillips, FL | 40.2 mi | $2,860 | +$1,285 (+82%) |
3-Bedroom rent in Lake Wales — common questions
How much is a 3-bedroom apartment in Lake Wales?
As of July 2026, the median 3-bedroom apartment rent in Lake Wales, Florida is $1,575 per month. This is +1% below the citywide median of $1,586.
What income do you need to afford a 3-bedroom in Lake Wales?
Using the standard 30% rent-to-income rule, you would need an annual income of about $63,000 ($5,250/month gross), which works out to roughly $30.29/hour at a full-time job.
Is Lake Wales expensive for a 3-bedroom compared to the rest of the US?
Lake Wales's 3-bedroom median of $1,575 is +26% below the national 3-bedroom median of $2,130. It ranks in the 20th percentile of US cities tracked.
How does Lake Wales rank for 3-bedroom rent in Florida?
Among the 276 cities in Florida with 3-bedroom data, Lake Wales ranks #16 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Lake Wales?
Yes — nearby cities with cheaper 3-bedroom rents include Bartow ($1,520), Lake Alfred ($1,520), Sebring ($1,570).