Studio Apartment Rent in Lake Wales, FL
Median asking rent for a studio apartment in Lake Wales, Florida as of July 2026. That's +40% lower than the citywide median of $1,586 and +26% below the national studio median of $1,290.
Income needed for a studio 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 studio 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 studio in Florida
| # | City | Studio rent |
|---|---|---|
| 1 | Pinewood | $360 |
| 2 | Palatka | $780 |
| 3 | Lake City | $840 |
| 4 | Belleview | $860 |
| 5 | Hernando | $860 |
| 6 | Crystal River | $865 |
| 7 | Treasure Island | $872 |
| 8 | Sebring | $875 |
| 9 | Auburndale | $910 |
| 10 | Bartow | $910 |
| 11 | Ocklawaha | $910 |
| 12 | Lake Alfred | $920 |
| 13 | Lake Placid | $930 |
| 14 | Cape Canaveral | $940 |
| 15 | Freeport | $940 |
Most expensive cities for a studio in Florida
| # | City | Studio rent |
|---|---|---|
| 1 | Key Biscayne | $2,560 |
| 2 | Weston | $2,547 |
| 3 | Doral | $2,450 |
| 4 | Aventura | $2,390 |
| 5 | Loxahatchee | $2,380 |
| 6 | Parkland | $2,365 |
| 7 | Windermere | $2,360 |
| 8 | Lithia | $2,350 |
| 9 | Coral Gables | $2,235 |
| 10 | West Miami | $2,220 |
| 11 | Pembroke Pines | $2,220 |
| 12 | Miami Beach | $2,203 |
| 13 | Royal Palm Beach | $2,178 |
| 14 | The Hammocks | $2,170 |
| 15 | Apollo Beach | $2,170 |
Nearby cities — studio rent
Considering nearby alternatives? 3 of these cities have cheaper studio rents than Lake Wales.
| City | Distance | Studio rent | vs Lake Wales |
|---|---|---|---|
| Haines City, FL | 16.9 mi | $1,020 | +$70 (+7%) |
| Winter Haven, FL | 19.1 mi | $1,070 | +$120 (+13%) |
| Bartow, FL | 23 mi | $910 | $-40 (-4%) |
| Lake Alfred, FL | 24.7 mi | $920 | $-30 (-3%) |
| Davenport, FL | 27.6 mi | $1,620 | +$670 (+71%) |
| Sebring, FL | 28.8 mi | $875 | $-75 (-8%) |
| Kissimmee, FL | 30.7 mi | $1,648 | +$698 (+73%) |
| Saint Cloud, FL | 31.2 mi | $1,788 | +$838 (+88%) |
| Lakeland, FL | 35.1 mi | $1,163 | +$213 (+22%) |
| Mulberry, FL | 38.4 mi | $1,020 | +$70 (+7%) |
| Doctor Phillips, FL | 40.2 mi | $1,880 | +$930 (+98%) |
| Winter Garden, FL | 43.5 mi | $1,890 | +$940 (+99%) |
Studio rent in Lake Wales — common questions
How much is a studio apartment in Lake Wales?
As of July 2026, the median studio apartment rent in Lake Wales, Florida is $950 per month. This is +40% below the citywide median of $1,586.
What income do you need to afford a studio in Lake Wales?
Using the standard 30% rent-to-income rule, you would need an annual income of about $38,000 ($3,167/month gross), which works out to roughly $18.27/hour at a full-time job.
Is Lake Wales expensive for a studio compared to the rest of the US?
Lake Wales's studio median of $950 is +26% below the national studio median of $1,290. It ranks in the 23th percentile of US cities tracked.
How does Lake Wales rank for studio rent in Florida?
Among the 261 cities in Florida with studio data, Lake Wales ranks #17 from cheapest to most expensive.
Are there cheaper studio options near Lake Wales?
Yes — nearby cities with cheaper studio rents include Bartow ($910), Lake Alfred ($920), Sebring ($875).