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Studio Apartment for Rent in Lake Wales, FL

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    $850

    Total Monthly Price

    • Studio
    • 1 Bath
    • 400 Sq Ft
    • House for Rent

    932 Hart St, Lake Wales, FL 33859

    Lake Wales, FL(Location Approximate)Quiet private studio available in a safe, peaceful area of Lake Wales. Private entrance, private bathroom, parking, water, electric, and A/C all included.Since there is no full kitchen, will provide a microwave, hot plate, toaster oven, and access to an outdoor BBQ cooking area.There is also a corner store within walking distance for

    932 Hart St, Lake Wales, FL 33859

Why Live in Lake Wales

Lake Wales, located in Polk County, Florida, is a small city with a population of 17,000. The city is undergoing significant revitalization, including an $18 million upgrade to its historic downtown, enhancing walkability and preserving open spaces. The downtown area features local shops and eclectic eateries, with popular dining spots like Manny’s Original Chophouse and Crazy Fish. The economy, traditionally anchored by the citrus industry, is diversifying with new manufacturing jobs, such as the Advanced Drainage System's pipe-making facility. Recreational attractions are abundant, including Lake Wailes Park Trail, Linton Sports Complex, and Lake Wales Country Club. Bok Tower Gardens, a botanical garden with a carillon tower, offers concerts and community events. The nearby River Ranch community provides hunting and camping opportunities. Housing options range from older homes in walkable areas to larger homes on waterfronts and golf courses. The Lake Ashton 55-plus community is particularly sought after. Lake Wales Senior High School, part of the local charter school district, is highly rated and partners with Bok Tower Gardens for specialized courses. The city is connected to Central Florida destinations via several main roads, with Orlando International Airport about 40 miles away. Crime rates have decreased, with violent crime falling by 33 percent and property crime by 8 percent from 2022 to 2023.

Frequently Asked Questions

How much does it cost to rent a home in Lake Wales, FL?
The median rent for a home in Lake Wales, FL is $1,775 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lake Wales, FL?
To comfortably afford the median rent in Lake Wales, FL, a household needs to earn roughly $71,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,775 per month in Lake Wales, FL, renters typically need to show $5,325 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lake Wales, FL?
In Lake Wales, FL, the price-to-rent ratio is 13.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Lake Wales, FL

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,775
Median Single Family Home Rent
$1,948
Median Townhouse Rent
$1,250
Median Condo Rent
$825
How to Rent a Home