How many apartments are available in Mammoth Grove on Rentable.co?

Rentable.co has over 1 apartment available near Mammoth Grove.

How many apartments are available in Lake Wales, FL on Rentable.co?

Rentable.co has over 210 apartments available in Lake Wales.

What is the average rent for a studio apartment in Lake Wales, FL?

The average rent for a studio apartment in Lake Wales is around $800 per month.

What is the average rent for a one-bedroom apartment in Lake Wales, FL?

The average rent for a one-bedroom apartment in Lake Wales is around $950 per month.

How expensive is it to rent an apartment in Lake Wales, FL?

For a one-bedroom apartment in Lake Wales, the average rent price is $950 per month, which is lower than the national average of $1,390 per month.

Can I afford an apartment for rent in Lake Wales, FL?

Based on average rent prices in Lake Wales, to afford a studio apartment you would need an annual household income of $32,000 to live comfortably.

Apartments in Mammoth Grove Lake Wales

Lake Wales:
May Rent Report

Welcome to the May 2024 Lake Wales Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Lake Wales rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Lake Wales and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Lake Wales average rent prices in the chart below.

Monthly Rent Report

$1,450

$1,090

$730

$360

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Lake Wales Rent Prices Decrease From April to May

Lake Wales rent prices decreased over the last month. From April to May, the city experienced a -3.12% decrease for the price of a one-bedroom apartment. The rent price for a Lake Wales one-bedroom apartments currently stands at $931.0.

When we take a look at the two-bedroom comparison from April to May, Lake Wales experienced a 0.31% increase for the price of a two-bedroom apartment. The rent price for a Lake Wales two-bedroom apartments currently stands at $1,296.0.

May Prices: Lake Wales vs. Surrounding Areas

Rent Prices in Lake Wales and Surrounding Areas

Rent prices have decreased in Lake Wales over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Lake Wales suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Lake Wales suburbs
Rents did not decrease in any of the Lake Wales suburbs.

May 2024 Pricing Trends: Lake Wales vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,056

$3,039

$2,377

$2,336

$1,913

$1,300

$1,283

$1,178

$1,350

$2,700

$4,050

$5,400

Median Rent

Lake Wales Rent Prices More Affordable Than Major Cities

Rent growth in Lake Wales over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Lake Wales average rent prices appear to be relatively affordable for local residents.

The price for a Lake Wales one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Lake Wales and surrounding area rent prices, take a look at the complete data set below.

Data set for Lake Wales and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.